Avalanche
Trading Idea 024: AvalancheMarket Conditions:
- bullish trend
- consolidation around the resistance
- bullish sentiment in the market
Key Level and Lines:
- $20.00 resistance
Trading Ideas:
- go short if the price stays below the resistance.
- go long if the price moves above the resistance and the crypto market is bullish.
AVAXUSDT - FALSE BREAKDOWN - 4HAVAXUSDT - FALSE BREAKDOWN
If the AVAX does not lose the real body outside the virtual bullish channel, it does not characterize the reversal of the channel. The extremely low RSI reinforces the false breakout.
Rising moving averages suggest that buyers are in charge, reinforced by the RSI. If the buyers do not give up too much from the current level, the probability of a break above $22.79 increases. The AVAX/USDT pair could then attempt a rally to 30.
On the contrary, if the price falls below $19.89, the bullish trough will be undone and the pair could hit the support line at 18.68.
Prognosis as AVALANCHE continues to partner ' In January, Avalanche partnered with Intain, a structured finance platform facilitating more than $5.5 billion in assets across 25+ businesses to manage its digital marketplace IntainMARKETS through the IntainMARKETS subnet.
Used here To plot the supports and resistances, Bollinger Bands which are best on days of high volatility.
Here are the supports and resistances:
Main support levels: 19.57 / 18.62
Main Resistance Levels: 20.99 / 22.12 / 22.79
Avalanche win the cup again?AVAX had a lovely run when they scooped Mackinnon and won the cup, can they go back to back?
AVAX: Resistance BreakoutAvalanche (AVAX) technical analysis:
Trade setup : Price broke out of a Falling Wedge pattern with huge volume, an indication of trend reversal. It also broke above 200-day moving average and $20 resistance. Upside potential to $30. Partnership news with AWS triggered the recent rally.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $15, (previous resistance), then $10. The nearest Resistance Zone is $20, which it broke, then $30.
AVAX FLAG!KUCOIN:AVAXUSDT
AVAX has broken the falling wedge and sitting in a Flag with potential targets to 72%
Possible entry on retest of "Breakout" and "Possible Pullback" levels.
As usual, Bitcoin drags the altcoins around.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AVAX Avalanche 4 HOUR Chart Here are my thoughts on AVAX at the moment.
AVAX is trading in this channel AND NEEDS to hold the SUPPORT at $17.33 IF IT wants to continue to the upside.
If AVAX can get above the 18$ lvl We could see the coin move up to test $19.26.$20-28 areas of resistance!
ON THE FLIPSIDE
IF Avax loses this support then we could see it go back down and test the $16.25 - $17.33 LVL
🔥AVALANCHE IS GOING CRAZY: WHAT ARE THE NEXT TARGETS?🔥 Hi friends! Avalance already makes +60% from my entry point, but there are no limits for the price when the bulls are so strong.
📊 MY TRADING PLAN FOR AVAX:
1. return to the $17-17.5 value area
2. squeeze to the local trendline and breakout
3. bullish BTC
4. volume growth on correction
🚩 It will be better for the price to fall lower, maybe below the value area. In this case, a lot of sl will be collected.
✅ MY TARGET FOR AVAX:
🔥 $20.6 - the key level and local target
🔥 $22 - the key level
🔥 $25 - key level and even number
Traders, what coins do you expect to be top gainers in this bull market? Write the ticker in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥AVALANCHE IS MAKING A FALSE BREAKOUT! DON'T MISS THIS PUMP 🔥 Hi friends! AVAX is the most volatile altcoin and I think it gives us one more chance to make +10-15% on it. Now the price make a false breakout and if BTC will go up, the long will give us at least 1:5-10RR.
📊 MY TRADING PLAN FOR AVAX:
1. false breakout of the key level of $11.15
2. volume divergence
3. bullish BTC
🚩 Persolnally I use DOM and Footprint to identify the whales who buy crypto. These scalping tools help me to track their real orders. Watch my free video guides.
✅ MY TARGET FOR AVAX:
🔥 $11.5-12 - the value area
🔥 $12.5 - the key level
🔥 $12.8-13.3 - the value area
Traders, it seems like now or during the 2 closest bars we have a chance to open a long trade.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Avax potentially breaking up from a falling wedgeIf price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments.
“Looking forward, web3 and blockchain is inevitable,” Howard Wright, VP and global head of startups at AWS, said. “No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.”
The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers.
AWS will support Avalanche’s infrastructure and decentralized application (dApp) ecosystem, alongside one-click node deployments, through its marketplace. The affiliation will also include Ava Labs joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform. All this should lead to sustaining bullish momentum for avalanche. *not financial advice*
AVAX Daily SupportsIn the daily timeframe, AVAX's continued upward trend seems to have come to an end for now. After reaching the $18.60 level, it sold up to $17. With the continuation of this sale, if the day closes below the level of $ 16.16, it can be entered in the range of $ 16-14. This correction will give investors a buying opportunity. If it does not close below this level, there is a possibility that the rise will continue.
AVAX❄️ triangle breakoutAvalanche broke up this triangle📐 and I think there is chance for run to 19.43 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 17.34
STOPLOSS (SL) : local low @ 16.06
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 19.43
REWARD RISK RATIO (RRR) : 1.63
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Avalanche AVAX price has good perspectives for growthFor the last month, the AVAXUSDT price is in the liquidity zone, where it was last in July 2021.
Also, the pattern of formation of a possible price bottom is very similar to 2021. What was further with the price of AVAX can be seen on the chart.
Another positive point is that in July 2021, the BTC price fluctuated in the range of $30-32k. The AVAXUSDT price was trading in the range of $10-14. In the current trading, the price of the Avalanche token ranges from $11 to $14, but the cost of BTC is roughly 2 times less than 1.5 years ago.
That is, AVAX is bought in the AVAXBTC pair considering it a promising asset.
Putting together all our assumptions and what we saw on the chart, we can conclude that in the medium term, the AVAXUSDT price has every chance to grow into the price range of $30-32
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AVAXUSD is the closest to its 1D MA200 it's been since April!Avalanche (AVAXUSD) is about to hit its 1D MA200 (orange trend-line) for the first time since April 11 2022! Needless to say, a break-out there would be a major long-term bullish signal for the coin.
With AVAX trading within a Channel Up since the February 2021 High, we can see that the best Sell entry and (potentially now) best Buy entry have come around its +0.236 and -0.236 Fibonacci extension (extreme) levels respectively. Those extremes have both come after the 1D RSI went deep into a Bearish and Bullish Divergence respectively. On the November 21 2021 High, while AVAX was rising on Higher Highs, the RSI was falling on Lower Highs, hence a Bearish Divergence, indicating loss of strength on the trend. Similarly on the December 30 2022 Low, while AVAX was falling on Lower Lows, the RSI was rising on Higher Lows, hence a Bullish Divergence, indicating a weakening bearish trend.
In both cases, the breaking of the 1D MA200 was the confirmation of trend reversal. And since in late January 2022 after the 1D MA200 bearish break-out, AVAX bounced back on the short-term above the 1D MA50 (blue trend-line) before making the deep collapse, we expect this time also after the 1D MA200 bullish break-out to pull-back on the medium-term before starting to fill the upper Fibonacci levels of the Channel Up one by one in the new Bull Cycle.
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Avalanche Analyze (Short term, Timeframe 4H, 01/03/2023)!!!Avalanche was able to make a double-bottom pattern on the heavy support zone.
I expect Avalanche will go up at least until the middle line of descending channel and resistance zone.
Avalanche Analyze ( AVAXUSDT ) Timeframe 4h⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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In order to transition to a mid- to long-term uptrend...Hello?
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Have a nice day.
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(AVAXBTC 1W Chart)
AVAX, one of the coins that are expanding the coin ecosystem, is rising to a section where it is likely to emit the power of rising.
If it rises above 0.0009 187, it is judged that there is a possibility of exploding the power of the rise.
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(AVAXUSDT 1W Chart)
It shows a movement out of the volume profile section of 6.54-13.47.
If the price rises above the MS-Signal and maintains the price, there is a high possibility that it will turn into an upward trend from a mid- to long-term perspective.
(1D chart)
The key is whether it can rise above 19.72 with support in the 14.99-16.65 section.
If not, you should check if the price holds within the 12.40-13.47 zone or higher.
Since the M-Signal on the 1W chart is formed around 16.65, it is important whether it can rise above 16.65.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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AVAX BUILD UP BREAKOUTKUCOIN:AVAXUSDT
AVAX has broken out of bullish smaller cup and handle and possibly printing a buildup (visible clearer on LTF). On break possible Long for upto 26% upside.
SOL - posted yesterday broke to +30% and consolidating for possible leg higher
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AVA/USDT | Pretty Solid Consolidation..!!
#AVA Forming Descending Channel in the Weekly timeframe Chart.
Looks Bullish here & Seems like Ready for Massive Breakout..
Bulls need to Close the Weekly Candle Above 0.6$ to Confirm the Breakout.
In Case of Upside Breakout, Expecting 3-4x Bullish Rally in the Midterm..
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January 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
In the first trading week of 2023, the market was still consolidated with extremely low volatility and trading volume. Bitcoin's volatility has hit record lows one after another, and a new round of changes is brewing. The probability of Bitcoin's upward turnup still exists, but it needs to wait patiently for market confidence to recover.
Today’s Cryptocurrency Headline
Shopify Supported All Merchants to Directly Sell and Mint NFT on Avalanche
According to Decrypt, the e-commerce giant Shopify announced that it has supported millions of online merchants on the platform to directly sell and mint NFT on the Avalanche chain without guiding customers to the NFT market such as OpenSea or Magic Eden. This function was developed in cooperation with Venly, a blockchain technology startup.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.