When AVAX cryptocurrency do it x2 growth ?Today, on the global chart AVAXusdt, consider how this trading pair endured another sharp fall in May.
To begin with, let's take a look at our previous global idea for a pair of AVAXusd, which we did exactly 3 months ago.
At that time, we made an approximation with longs buy zones
As it turned out 3 months later, our most pessimistic $40-45 purchase zone at the top of the red liquidity zone was not the bottom of the decline.
Fall lows are recorded at around $23, at the bottom of liquidity zone, in which a year ago for a long time decided who is stronger: buyers or sellers.
Keeping buyers in the coming days of the AVAX price above the mark of $30 will be a good signal to go to the long.
The purpose of fixing longs in the up liquidity zone is $64-81
If the price of the Avalanche token is fixed below $26 , it will most likely coincide with continue the global decline in the cryptocurrency market. In this situation, it is necessary to place "buckets" for the purchase of AVAXUSDT near 14 dollars.
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Avalanche
avalanchesome nice bullish divergence on avalanche, daily timeframe.
falling wedge, indicative of a reversal in the near future.
it might just be a bear market rally, before continued downside - so exercise proper risk management if you play anything in the land of crypto.
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take profit targets are on the charts, it likely will only get to the first or second, but it can technically go all the way if the market condition allows for it to happen.
🎯AVAX: the buyers are here! Are they ready to pump the price?Avalanche is going to break the trendline.
📊Why is long possible:
1. you can see lot`s of buyers at the volume indicator. At least 3 times they hold the price and push it up. The value area of $23-25 become a strong support for the price.
2. AVAX in going to return to the $26.6-27.8 value area. For the 3rd time price try to break this level, so it`s highly possible because it shows the buyer presure.
3. trendline squeese is the additional confirmation for the breakout.
🚩Targets:
🔶1. $26.6-28 - closest value area and resistance for the price, but this area with 3rd test became weaker and weaker
🔶2. $32-34 - huge value area
💻Friends, press the "like"👍 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 (AVAX) - June 9hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(AVAXUSDT 1W Chart)
Below 32.23 is likely to be a mid- to long-term investment area, so careful trading is required.
So, whether it can move higher than 32.23 is the key question.
(1D chart)
Whether we can find support at 23.96 and move above 32.23 will be the key.
If it moves above 30.32, I expect it to turn into an uptrend in the short and medium term.
(buy)
- After confirming the support in 32.23
(Stop Loss)
- When it falls below 30.32 and receives resistance
- When it falls below 23.96
(Sell)
- When receiving resistance in the section 56.51-64.90
- When receiving resistance in the range 79.80-89.59
If it rises above 89.59, it is expected to surge.
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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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AVAX LONGAvax Bounced of the 21$ resistance.
Expecting a retest of the Support. If we stay above it after the retest and break above the downtrend line,will be a good buy signal.
MACD is in positive momentum and RSI looks positive too and close to oversold.
Our First Target will be below the Major resistance of 51$ and the Second at 38.2% FIB retracement near 70$.
AvalancheAvalanche has a chance to recover!
The steady demand for the Avalanche coin allowed a short-term trend to form and come close to the resistance level of $30 per coin. $30 resistance is a key area for continued growth, where a lot of pent-up investor demand can be concentrated, which will increase momentum. Steady growing demand from the $30 support level is able to form a medium-term trend with the aim of testing the $40 levels and the subsequent $60 levels, which is the key level and the point of intersection of the trend line of the long-term descending channel within which the coin is located after updating its high level of $145 per coin.
Avalanche (AVAX) formed big Gartley for upto 3770% huge moveHi dear patrons, hope you are well and welcome to the new trade setup of Avalanche (AVAX).
Previously we had a nice trade of AVAX:
Now on a monthly time frame, AVAX has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Avalanche - Short Term Swing Trading Idea - 29 May 2022FTX:AVAXUSD for a few days dropped over 35% and on bigger time frames start forming good price action upwards. In the next 3-4 days I expect gains of over 30% and hit a strong resistance level of over $31 per coin.
What is the supported thesis technically for the expected scenario on Avalanche?
- Price-action will be a strong signal in the next couple of hours
- By Elliot waves - there are 5 waves impulse and expecting classic A-B-C correction
- The RSI indicator will hit a bit lower before curving up
If you have any questions related to this trading idea I will be happy to provide you with answers. FTX:AVAXUSD
AVAX/USDT - Short ScenarioHello Traders!
AVAX continues the development of the corrective movement. The price is looking for new support levels.
Price fixing under the MA100 on the two-day timeframe, as well as the exit of the RSI indicator in the bearish zone serve as confirmations in favor of the continuation of the development of the correction.
Accumulation of the asset should take place after the culmination of sales and the movement of the price in the zone of interest of buyers. A suitable price range for medium-term purchases is $10.25 - $13.35. It will be possible to continue to hold the position with the aim of fixing profits near the price level of $24.25
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Avalanche (AVAX) at critical volume lackAvalanche (AVAX) at critical volume lack... despite the buy signal on MACD AVAX should turn around soon not to get into this lack of volume.
A bullish divergence on RSI and a confirmed break above $29 is what every fan of this Crypto wants to see.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
🔥AVAX: is it going to PUMP after 2 months fall?Avalanche (AVAX).Avalanche Trading Setup. The growth of volumes after a false breakdown indicates the buyer's presence! A large number of long traders closed their positions on their own or their stop losses were collected under the key level of $27.50.
📊When the price will be squeezed under the trend line - this will be the main signal to open the long. Also, local manipulations are possible, which will give additional confidence that a BIG player wants to accumulate enough liquidity to open a long position. A squeeze and breakout of the trend line is what we should wait for to open a long.
📊Globally, many retail traders opened short positions after 2 months of decline. But if the price of AVAX starts to rise together with the Bitcoin, we can expect a fast price growth. The short traders will be the fuel for the huge PUMP.
🎯Value areas and targets:
1. $38 (+23%)
2. $42 (+40%)
💻Friends, press the "like"👍 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.
AVAXUSD, are sellers planning a new bear raid?Hello TradingView community, today we’re looking at AVAXUSD as price remains in a solid-looking downtrend. We are watching a consolidation pattern that could be a descending triangle or a wedge type pattern in the existing trend.
The key for us is at 28 support. If sellers break this level, the continuation could be on, and we would like to see a new LL set to show normal pattern of trend. If buyers can continue to hold 28 and above, this could be a worry for short term seller momentum that was set with a break of yesterday’s low this morning.
This pattern is also seen on SOLUSD, and other coins in the top 10 remain range-bound.
It’s really up to sellers now if they want to take this trend lower.
Good trading
AVAXUSD hit the Channel Up bottom. Levels to watch.Avalanche (AVAXUSD) hit on May 12 the bottom (Higher Lows trend-line) of the Channel Up that started after its February 10 2021 High. That was its first High and May 12 marked its second Higher Lows. Assuming that holds, the pattern will continue to hold and we will have to look for specific markers in order to time a new uptrend.
As you see, there are three indicators that broke in a specific order during the last rise to a Higher High. First the price broke above the 1D MA50 (blue trend-line) following the Higher Low consolidation. Then the RSI on the 1W time-frame crossed above its MA. Finally the 1W MACD made a Bullish Cross. Keep an eye on those conditions and plan a potential buy strategy accordingly.
On the other hand, a weekly (1W) candle closing below the Higher Lows trend-line of the Channel Up, can set in motion the lower Fibonacci extensions, namely the -0.236 and -0.382 before the market bottoms out.
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Avalanche (AVAX) - May 19hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(AVAXUSDT 1W Chart)
As it fell below 32.23, the possibility of entering the mid- to long-term investment sector is increasing.
Therefore, it is important to see if it rises above 32.23.
------------------------------------------------------------ -----------------------------------------------------
** 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 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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AVAX Bearish PennantBearish Pennant formed with lower highs, higher lows, and 3 touch points on each trend line. Enter into short on break of lower trendline and retest. Target profit just above local bottom of $23.30. Stop loss slightly above break of upper trend line. Best of luck and DYOR, not financial advice.