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Avalanche

🆓Avalanche (AVAX) May-13 #AVAX $AVAXThe 32$ zone is a reliable support of AVAX and I think it will move up to 40$ zone again to conquer this zone and then move up to 60$ zone in early June 📈BUY -Buy: 31-33$. SL if B -Buy: 39-41$ if A. SL if B 📉SELL -Sell: 39-41$. SL if A -Sell: 58.5-61.5$. SL if A ♻️BACK-UP -Sell: 31-33$ if B. SL if A -Buy: 23-25$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
1
Avalanche [AVAX] Pennant formationHi everyone, It looks like Avalanche is currently trading with a triangle formation. The main bullish trend we are looking at is likely to continue We are still waiting a solid breakout that can be confirmed with the right price action and volume . After breakout, potential resistance can be found near the fib. cluster setup as highlighted in the chart. Breaking this resistance could lead to a ATH retest 🌜 If you enjoy this idea, please like and leave a comment 🌜
by M00N_BEAMS
7
AVAX, Avalanche - knocking on resistanceHi all, Potential falling wedge formation on daily for the AVAXUSDT pair on Binance. I will be looking for a breakout confirmation above the horizontal resistance to open longs, around $38.5 probably. The falling wedge can result in a solid upside reversal with first target around the previous ATH and the second at $86 or 150 percent from the current price level. I would close 70% of the position above the first target and leave the rest to fly towards Target 2. Just wait for the market to settle and don't chase or buy tops Regards
Long
by FutureBlockchain
Avalanche (AVAX) - May 10Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (AVAXUSD 1W chart) (1D chart) We have to see if we can get support at 37.43183748 and rise above 41.74882117 In particular, it remains to be seen if it can rise along the uptrend line. If you fall from the 37.43183748 point, you can touch the 28.79756959 point, so you need to trade carefully. In particular, if you fall below the downtrend line, you need short-term Stop Loss. If it falls in the 22.98021754-24.00621060 section, a Stop Loss is required to preserve profit and loss. It remains to be seen if the CCI line can rise above 100 points on the CCI-RC indicator to maintain the uptrend. ------------------------------------- (AVAXBTC 1W chart) (1D chart) We have to see if we can go up along the uptrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BINANCE:AVAXUSD
by readCrypto
2