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Travala Technical Analysis: AVA/USD explodes again with a 50% price surge hitting $2.4

  • AVA/USD is up 34% in the last 24 hours and has created a new all-time high.
  • Travala is seeing a significant increase in trading volume, although overall is still low.

Travala is now ranked 95th by market capitalization with an $85 million mcap. The digital asset is trading at $2.22 after another massive breakout from $1.63. AVA managed to create a clear daily bull flag that had healthy consolidation and now finally another clear leg up.

AVA/USD daily chart

AVAUSD

Considering this is the all-time high for AVA, bulls are not facing many resistance levels to the upside. The RSI is overextended again but will not necessarily pose a threat to AVA in the short-term. The MACD has remained bullish since the initial breakout on July 19. 

AVA/USD 4-hour chart 

AVAUSD

The breakout was a bit more obvious on the 4-hour chart seeing that AVA was trading inside a tightening range.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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