avax 1\6 updategood evening,
i have reason to believe avax has or is extremely close to a bottom.
84~87 would be the area it finds buyers if the local golden zone was to break.
if this is a 1-2 setup (which is highly possible), then wave 3 target sits at $210.
if it's some kinda corrective structure, then aim for $152.
Avalanche
AVAX Long term bullish, short term only whales know!!! NOT A FINANCIAL ADVICE !!
AVAX, We are at the lower side of the current descending channel. There is a chance to move up-side and get rejected at the top of the channel.
For a quick swing, a position from $90 to $100 might be worth trying.
As long as we hold the overall bullish support things are looking good long-term.
If we break below the support line then it can get a bit ugly.
Remember to always have stop-loss and plan your next move. Also, be careful of StopLoss hunting of the Market Makers and Whales! Do not put stop loss exactly at obvious supports!
Will there be an AVALANCHE? (AVAX Long-Term Analysis)AVAX has been trading within an ascending channel since August 2021 finding support multiple times and keeping above its 100/200 day EMA's. As BTC’s ~45.6k support broke yesterday evening, many alts have faced a pullback. However, most are still trading near the bottom of their long-term channels and have found some level of support despite BTC’s drop to ~42.5k.
Here, we can see that AVAX could bounce from the bottom (~85) but I wouldn’t open a trade blindly as currently, we are in free fall. It is worth waiting for an initial green candle from the ascending support before buying.
I haven’t posted a BTC analysis yet but I think the ~42.5k support could break (unless there is a big buyer) in which case we can move to the ~41k level. If this happens quickly, the panic/liquidations could cause a quick wick toward 39k. Provided the long-term supports hold for the alts I have posted so far, this could be a fantastic opportunity to accumulate the alt you have been wanting for a low price.
What are your thoughts?
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
AVAXUSDT - Reversal from support zone!!AVAXUSDT (4h Chart) Technical analysis
AVAXUSDT (4h Chart) Currently trading at $105.8
Buy level :Above $103
Stop loss: Below $88
TP1: $116
TP2: $127
TP3: $134
TP4: $147
Max Leverage 3x
Always keep Stop loss
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avax 12-29 updategood evening,
have a wolfish update on avax.
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as some of you may know, this is my favorite project to date
i stake the projects underneath it, and am extremely bullish on the entire eco-system.
my longer term upside target for avax is at 22k (yes 22k).
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so i have somewhat of a bullish alternative here to my last post-
there's a chance that the recent move up was a wave (1), and this little dip that we've seen over the last few days is a wave (2).
if this is indeed the case, then wave (3)'s upside target would sit at about $228 via that 1.618% extension.
conservatively, i'm only aiming for $165 on this trade (the 100% extension)
depending on the wave structure once we get closer to that area, i'll re-assess this idea & take it from there.
💸
Get ready to buy AVAXLast time AVAX had a blood diamond on daily chart it pulled back to support trendline and rallied from there to all time highs. If the history repeat itself. we may have a great opportunity to add to our position at my buy zone with a tight stop to make sure we have a great risk reward set up.
I placed the previous price action pattern as a reference. if we deviate from it significantly in the coming days and hit the stop, the pattern is invalidated.
SIMPLE CHART = SIMPLE TRADE! AVAX DUMPThe sophistication of insight comes with simplicity, not over complicated drawings with 100 different lines and graphs. In this simple chart, you will see the price action for the next 4 years. We will be in a down trending channel through 2022. Be sure to scoop up some bags in 2023 before we take off again. Good luck! I want that RSI to go down below the purple channel before I buy.
🔥 AVAX Worst Case Scenario Brings Huge OpportunityAVAX has been one of the bigger winners since the summer-21 bear market. However, it seems that AVAX is currently seeing some bearish price action together with BTC's distress.
AVAX's worst case scenario would be a sharp drop, all the way to the lower support. Be aware that such a sharp drop will most likely go hand-in-hand with a sharp drop in BTC's value, potentially targeting 30k.
In case something like that happens, it's better to be prepared. So, in case we're going to see a massive drop in the coming weeks/months, I'm looking at the yellow area for a potential entry. Be aware I'm not saying we will go there, only my actions in case we get there.
Happy trading!
AVAX on the 4hr chartThere has been multiple candle closes towards the top of the ichimoku cloud, which indicates the price should drop to the bottom of the cloud.
The last 8 candles could also be seen as a sideways double top which is a further indication of a slight retracement
There is a bullish TK cross
I believe AVAX will either bounce off the 0.5 fib retracement level OR bounce off the bottom of the ichimoku cloud, and then breakout above the cloud.
LET ME KNOW WHAT YOU THINK
$AVAX/BTC 4h (Binance Spot) Bull flag on supportAvalanche is accumulating and looking ready for bullish continuation after bouncing back on 200MA.
Current Price= 0.0017913
Buy Entry= 0.0017917 - 0.0016917
Take Profit= 0.0021484 | 0.0025481 | 0.0030662
Stop Loss= 0.0014697
Risk/Reward= 1:1.5 | 1:2.96 | 1:4.87
Expected Profit= +23.35% | +46.30% | +76.05%
Possible Loss= -23.12%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 weeks
Websites: www.avax.network www.avalabs.org
Contracts:
#Mainnet
#BEP20 0x1ce0c2827e2ef14d5c4f29a091d735a204794041
#AVAXC FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z
Long AVAXUSD - A rise to $235First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We reached a bottom during the correction phase of our white impulse towards $76.
We are now in the process of forming our wave 3 which will most likely go for the 1.618 Fibonacci to reach $235 before correcting again.
Furthermore, we will be able to validate the bullrun scenario once Avalanche has passed $131.
A first objective towards $200 offering us a beautiful opportunity of 90%, attention in counterpart not to go down below $96.
Let's give AVAX time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
avax/usdAVAX - avalanche will explode soon, maybe march or april (IDK exact time)
SO that i'm holding it
In my opinion, we will see avax deep again (~80 bucks)
Cause this rocket is in triangle and it will explode in few months
shortly i will say, avax target is ~190-200$
from now it will be 2x (~100%)
but if avax will drop on deep (~80$) then profit will raise to 2.5X
WISH U LUCK!
AVAXWe are on an important price support
At this point, we have to check the candles. Due to the market situation, I suggest you buy step by step and do not enter the full margin.
I have identified two important points and I suggest you to buy in these points
The average purchase between these two points is a loss of 12%. I do not think this currency is full of potential to fall, but after the second purchase, you can prevent further losses and exit.
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If you have any questions, you can write it in comments below, and I will answer them
And please don't forget to support this idea with your like and follow, thank you...