[AVA/USD] - Bull flag completed, ATH's incoming?

Still, and with nothing announced yet, AVA keeps making moves. Yesterday when nobody was watching (at least I wasn't) I almost fell off the chair when I saw a 'sudden' +30%. If you didn't read my last analysis it's here. Please take a look at it before reading this post.

Somebody knows things. And Travala team is that kind of team who are used to underpromise and overdeliver. What kind of team treats a partnership with Tezos (XTZ), as a 'low profile one'. No tease, no preannouncement. They simply drop the bomb and keep pushing.

Let's make a few analysis of diverse timeframes. From lowest to highest.

4H

I'm not that big of a fan of the 4H chart because I usually don't trade on such 'low' timeframes, but it's always a decent timeframe to look for confluence & possible pivotal points.

As I'm writing this the price bounced (10 cents bounce lol) from the 1,7$ area up to 1,8$ again. Could be this a local bottom (assuming price stabilizing here) or hungry traders looking for more AVA tokens?. I think it's the second but it's still early to conclude, let's watch for higher timeframes.

1D

The most beautiful thing to see (in the last price action) is this bull flag which the price just confirmed. Bull flags are indicative of a continuation in the bullish move (It's kind of a 'resting' phase before resuming the move upwards'.

Usually, in the books, they look like something like this:

Similar, right? I love how clean are these kind of moves in crypto.

Let's zoom out a bit more on the 1D chart.

This is now when things get interesting. AVA basically flushed out in 7 days that old distribution range from late August.

AVA never closed a single day above 2$. And now we're approaching this zone very fast (and with a lot of powder in the chamber, remember? No big announcements yet).

I think it's probable that the price hold their ground here for a few days (like it did in the last move upwards)... but... what if ETH breaks their ATH? 99% probably AVA is going straight up into price discovery.

How much up will go this round? No way to know, I'm only a shitcoin flipper.

1 WEEK

In the long term timeframe of 1 week, we can see that (as I pointed out a few more times before) that we were approaching ATH (and we will be crossing that ATH and going into price discovery if ETH does their part).

But, where we are in the overall 'pump'-cycle?

As you can see in the chart, in the bull run of past summer we had 3 weeks of continuous upside (from 0,42$ up to 2,5$/AVA). Then we had a week of 'indecision' at ATH and we started downtrend until mid-October when we started going sideways.

Seeing this graph we could think that we everything could happen at this point but... What if we zoom out even more and read the graph in log scale?

1 WEEK (log scale)

If we assume that we entered into the price discovery phase yet... what happens if we (somewhat) replicate such a move?

Just statting facts (not saying that's going to happen next week or so). AVA went up a whopping ~370% after breaking ATH (From 0,4$ to 2$). If we make a similar move after breaching 2$... We have 8$/AVA. Is that even possible? Yes, of course (not in my own terms, but IMHO an 8$/AVA is realistic).

And with 8$/AVA... we would 'just' have a ~380M market cap.

Which would mean to be at ~#75 spot in coinmarketcap.

So... ladies and gentlemen, fasten your seatbelts (just in case the rocket is launching).

Thanks for reading.

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