The final wave is coming, $311On weekly chart:
Price and volume is contrariwise, this is sign of reversal.
On 3D TF : we have a golden ratio at the higher third wave 60.
The impulse wave with 1.382 Fib of the third wave that is at 311.
In lower timeframes : The impulse wave of the final wave has been reaching to 311 with a invalidation level below the second wave at 60.
If it'll down to 60, it might be at 45 in the double combo wave WXY
What next, wait and see
Avalanche
Avalanche: Baby One More Time! 🎤Britney Spears’ voice seems to sound in the background, singing “Hit me, Baby, one more time”, while Avalanche approaches the orange zone between $70.58 and $58.31 one more time. We expect it to dive into the orange zone to finish wave C in green and wave ii in orange. Afterwards, Avalanche should rise upwards more sustainably, crossing the resistance at $98.77 in the process. In addition to Britney’s song, we should keep in mind, though, the 35% chance that Avalanche could drop through the orange zone and fall below the support at $53.16.
Avalanche | AVAX ascending channel pattern 45% potentialIf we take a look on the weekly chart, we see that AVAX has been trading in what is called an ascending channel since mid January. The current weekly candle could be Doji, indicating a reversal starting as soon as next week.
Now I would like to get a bullish confirmation on lower time frames. Let's take a look.
🆓Avalanche (AVAX) Apr-20 #AVAX $AVAX
AVAX just formed a bear-trap when it broke down to the $75 zone, so in the near future AVAX can rise sharply to the $100 and $120 zones. The $120 zone may not be the final target for AVAX as it can still break through with a Broadening Rising Wedge pattern. However, if AVAX loses the $75 zone, it will easily fall back to the $55 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 75$ zone
🔴Buy : 75
🔴Sell : 85 - 100 - 120
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 75$ zone
🔵Sell : 75
🔵Buy : 65 - 55
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
AVAXUSD close to starting a rally to $250.00Avalanche (AVAXUSD) has been trading below the 1D MA50 (blue trend-line) for the past week, ever since the pull-back from the April 02 High. Even though that rattled the confidence of many market participants, there is no cause for concern as this was a short-term profit-taking correction within the larger Rising Wedge pattern on the long-term.
The coin is coming off an Accumulation Phase similar to those of June - July 2021 and October - December 2020. The 1W MA50 (red trend-line) has been supporting for the past 8 months and the 1D LMACD is approaching a Bullish Cross formation. This is a bullish indicator mix, familiar with the previous Rise phases that led to Higher Highs on the Rising Wedge.
The next Higher High is expected to be close to the 1.5 Fibonacci extension. We set a $250.00 long-term target on AVAX.
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Avalanche (AVAX) - April 19hello?
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(AVAXUSDT 1W Chart)
Primary resistance: around 79.80
Secondary resistance around 109.43
Support: 56.51-64.90
(1D chart)
(buy)
- After confirming the support in section 79.80-81.31
(Stop Loss)
- When it falls below 79.80 and receives resistance
(Sell)
- When receiving resistance near 89.59
- When receiving resistance near 109.43
(buy)
- After confirming that it is supported above 64.90
(Stop Loss)
- When it falls below 56.51
(Sell)
- When resistance is received in the range 79.80-89.59
- When receiving resistance near 109.43
If it rises above 89.59, a sharp move is expected.
If it deviates from the uptrend line and goes down, it is likely to drop below 64.90, so trade with caution.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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will the weekly trend hold our price??Hello everyone
In 4 hours chart on AVAXUSDT ,We have a good support level on 72.50$ ,plus a weekly trend line which been tested several times and held up pretty good,and we have a support level on 76.50$,which is being tested again as i'm writing this.
For now, because we are still in a bear channel (my opinion not financial suggestion),what i'm doing is to buy at the bottom of the market and sell on top, in lower time frames of course.
AVAX IS GETTING READY TO TAKE THE STAGE
SMA's gathered together tightly, which is a sign of imminent and sharp price action.
98$ is a strong resistance but has been tried many times and got weaker.
The resistance on the RSI got broken after a long time.
Volume is tiny but still not very bad. A higher volume in the resistance breakout can still render the setup stronger.
You can consider buying either when the resistance is broken or the price drops back to the trend line.
⭕️BUY Crypto AVAXUSDT ; at the best place 🧐⭕️You see the analysis of the cryptocurrency used in the avalanche blockchain network (AVAX) in four hours(AVAX USDT , H4)🔎
🔰As the analysis shows, the best place to buy low risk is at the intersection of the uptrend line (white) and the support line (orange)❗️
The profit and loss limits are specified in the image👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
AVAX trend lines#AVAX/USD
$AVAX hold the long term ascending support.
🐮 price can head up to resistance zone around $90 that is the same with ascending trend line.
break out from this resistance can increase price to resistance zone between $110 and $120.
🐻 rejection from $90 can drop price to current support that touched more than 3 times and possible to break it down to support zone between $60 and $50.
SPECULATION FOR THE NEXT SCENARIO ON AVAXUSDT DAILY -WHAT ABOUT?Technical analysis regarding the price of AVALANCHE in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
1hr to go. Bullish OBV on the 4H for $BTC?These bullish divs in the 4H BTC chart often play out quite well. I'm not excited that we are below the SuperTrend on that timeframe, but the OBV div is set to print in the next 50 minutes. Keep your eyes peeled. Elliot Wave has fully played out as well on multiple time frames.
Let's see how it goes. Market feels super heavy except for NEAR and AVAX is holding onto it's POC at around $85. $*7 for AVAx is quite a critical point .
REMINDER: It's Friday, a weekend.
We have had historically bad dumps on Friday nights when everyone is AFK. Keep those stops tight.
Stay safe and rich out there.