Avalanche
🔥 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...
AVAX/USDT - Potnential 82% SetupHello Traders!
The struggle for liquidity among ecosystem projects continues unabated. In 2022, we will see a further confrontation between ETH 2.0 and its layer-2 solutions versus existing layer-1 solutions with and without EVMs. This is something we can take advantage to make money.
AVAX has started a new upward movement.
It is better to look for an entry on correction in the range of $98.00 to $107.50.
Stop-loss shall be placed under the level of $78.50
The targets will be the Fibonacci levels:
$141
$159
$179
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
AVALANCHE Right Angled Descending Broadening Wedgeits looks like its doing what it should be doing.
$118 should break so there is room to move up more.. best thing would be the green line turns in to support.
if bulls fail then range is 118 - 110.. but if 110 support not holding i keep an eye on the 100 dollar.
yes i also have a Head & shoulder pattern in there with same TP as RADBW
sure looks good for now...
Keep calm, do your own research! trade safe and manage your risk.
*(Disclaimer: This is not financial advice)