Avalanche
Avalanche [AVAX] possible H-S formation..Hi everyone,
Looking at the 4H timeframe, AVAX seems to found support after a strong bearish move when hitting its ATH $60 in Mid. February.
As Avax has managed to somewhat stabilize in it structure a possbile formation caught my eye. When the Head-and-sholder structural development rightly completes other important levels can be tested.
In case we manage to break and close above the "Neckline" with the right price action and volume an important reversal can take place.
Be aware that this structure still needs proper confirmation!
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This is not financial advice
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA*Update* Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 170% gain from current price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 170%+ Gain Triple Bottom Formed. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just below the 200 SMA signalling bearish sentiment but a possible test back to the 200 SMA and a break of this level would signal a very bullish sentiment, further a trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 170%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMAAvalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 170% gain from current price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 170%+ Gain Triple Bottom Formed. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just below the 200 SMA signalling bearish sentiment but a possible test back to the 200 SMA and a break of this level would signal a very bullish sentiment, further a trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 170%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
#AVAX/USDT LongBest point to buy AVAX is now.
1.MA50 support
2.Hidden Divergence
3.Stochastic Cross Up
4.Fib 78%
Hold it for one week in spot
Futures: Long now and set a buy limit in 21.41
Leverage: 5-10
SL: 19.90
Targets depends on ur strategy but my first target is 35 and it can goes further to 60.
Avalanche (Avax) Buy Opportunity 170%+ Gain Triple Bottom FormedAvalanche (Avax) Buy Opportunity 170%+ Gain Triple Bottom Formed. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just below the 200 SMA signalling bearish sentiment but a possible test back to the 200 SMA and a break of this level would signal a very bullish sentiment, further a trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 170%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Avalanche (AVAXUSDT/AVAXBTC) Long&Short Trade Setups 2021/03/05Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 0.00050000, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
Short Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ 0.00055500 by the time price reaches it, and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
💡It's a great buy opportunity in AVAXUSDT @avalancheavaxTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (24.80).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AVAXUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.60.
Take Profits:
TP1= @ 31.20
TP2= @ 36.70
TP3= @ 41.10
TP4= @ 45.70
TP5= @ 54.50
TP6= @ 60.40
SL= Break below S2
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How are chances to see a third wave and where could it lead to?2 minutes ago
I checked the FIB-extensions of Wave 1 and checked which of those got reached with wave 2.
Now I thought to develop a theory - and that´s everything it is - non-fundamental, so take it as an idea which is not very likely to happen, please.
But if there will be a third wave this could lead us to:
TP1: FIB 1.272 (73.7$)
TP2: FIB 2.618 (140.44$)
Trade on your own risk, so do I.
🆓Avalanche/USDT Analysis (17/2) #AVAX $AVAXAVAX is stuck below $36.5-38.5 zone and if AVAX does not rebound, it will fall to $30-31.5 zone.
$30-31.5 zone is a good support that we can expect a rally here to $50 zone.
📅EVENTS
👉Mar 31 : AVAX/BZRX Partnership
👉Mar 31 : European Stablecoins
📈BUY
-Buy: 30-31.5$. SL if B
-Buy: 36.5-38.5$ if A. SL if B
📉SELL
-Sell: 36.5-38.5$. SL if A
-Sell: 50-52$. SL if A
♻️BACK-UP
-Sell: 30-31.5$ if B. SL if A
-Buy: 22-23$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"