AVAXUSDT Avax looking to breakoutMany cryptos breaking out of short term downtrends.
Keep your trades simple. Look for Avax to break the downtrend, wait for the retest to confirm.
Take profit at;
38.1878
40.745
42.971
Caution, if BTC has a small pull back look for atls to have a big move down invalidating the trend breakout.
Avax
Buy Signal for AVAXUSDTAnalysis:
RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum.
MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias.
Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point.
Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3.
Trade Plan:
Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD.
Take Profit:
TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile.
TP2: Place the second take-profit level at the next zone of higher volume in the volume profile.
TP3: Target the third take-profit level at the subsequent zone of higher volume.
Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Avalanche: In the Mood for More!February has been very positive for the AVAX price so far. In the next step, the altcoin should establish the high of the magenta wave near the resistance at $56.43. Thus, the latest bearish pressure should be conquered soon in favor of new upward momentum. As part of our primary scenario, the upcoming wave high should initially be followed by a sell-off until the low of the turquoise wave 2 is settled. However, there is a fairly high 40% chance for a clear breakout above the mentioned resistance. In this case, the turquoise wave alt.2 would have already been finished.
🏔️💰 Avalanche (AVAX) Weekend Analysis📉 Technical Overview:
Support Test: AVAX tested the bottom of the range resistance level at approximately $38.50.
Support Level: $38.50 now functioning as a support level.
Plan: Consider entering a spot long trade if there is another test of the support level.
💡 Profit-Taking Strategy:
Target Resistance: Aim to target the next resistance area between $50.00 and $52.50.
Stop-Loss Placement: Well-defined stop-loss set just below the minor support level at $36.00.
Risk Management: Protect the trade from significant downturns and keep losses within acceptable limits.
🔄💼 Note: Stay vigilant for potential developments that might impact AVAX's price movement. 📈💡 #Avalanche #AVAX #TechnicalAnalysis 💻📊
AVAX/USDT Bullish Channel In H4A chart of the AVAX/USDT currency pair on a 4-hour timeframe. The chart displays a Bullish channel pattern.
Bullish Channel : The Price has been Trading within a Bullish Channel for Some time, characterized by a resistance line at the top and a support line at the bottom.
The price is currently trading at Bottom of channel pattern, if Breaks the Downside then it start Bearish Sign.
However, it is still early to say whether this is a genuine breakout or a false signal.
Recent News:
Music industry eyes DeeStream presale after Ethereum and Avalanche whales join: This news suggests potential increased interest in the Avalanche network from institutional investors, which could be positive for AVAX price.
Thank you.
AVAXUSDT.1DBased on the given market data, the AVAX/USDT pair is currently trading at $40.50. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.54, 57.72, and 74.0 respectively, indicating a neutral trend in the short term (4h) and slightly bullish trend in the medium (1d) and long term (7d).
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.11, 1.60, and 6.32 respectively. The negative MACD in the short term could indicate a potential bearish reversal, while the positive MACD in the medium and long term suggests a bullish trend.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 43.79, 43.57, and 52.14 respectively. The current price is below the middle band in all three time frames, indicating a bearish bias.
The support levels for 4 hours, 1 day, and 7 days are $38.18, $37.50, and $27.82 respectively, while the resistance levels are $44.0, $44.0, and $49.60 respectively. If the price breaks the resistance, it could move towards the next resistance levels. Conversely, if the price breaks the support, it could move towards the next support levels.
In my opinion, the AVAX/USDT pair is currently in a slightly bullish trend in the medium and long term, but with some potential bearish reversal in the short term. Traders should watch the support and resistance levels closely, and consider the RSI and MACD indicators to make informed decisions. As always, it's important to consider other factors such as market news and overall market conditions before making any trading decisions.
AVAX Macro Potential Bull Run TargetsAs the market reaches an important pivot point in both time and price, we are looking at major rejection or a major rally.
Currently there has been no macro brakes of structure and prices have been continuting to rise. While these pivot points bring excellent short oppertunites the trend is still to the upside until it is not.
Looking at the Avax weekly we can see that a mesured move target is aligning quite nicely with the time factor given by the wave trend oscillator. Money flow is still in the red but is curving to the upside after a bounce off a critical support resistance flip.
Also notice that price is in the macro golden pocket and if the entire market wants to reverse to the down side this would be the place. For now the trend is intact and always best to trade the trend until it ends.
Current trading plan is to hold long until there is a clear brake of structure on the higher time frames or these macro high targets have been reached.
This chart is a supplement to the projections made earlier this year in the linked chart below.
Trade Well...
Your Friend,
Degen
AVAX Inverse Head & ShouldersAVAX looking for a possible pullback ( 4hr time frame )
level to break around 41.34 for entry ( add on retest )
( the Inverse Head & Shoulders - is ugly but I know traders see this )
Not recommended to front run the breakout
the recent pump was about 23%
a retracement would be healthy
currently RSI is in overbought territory
and would like to see more volume come in with breakout
Alert set at 42.20 level / price
AVAX to go much higherAVAX came down to my buy zone and now ready to take off for the next leg up. The long term chart looks great for massive move to the 90 dollar range.
My next target is $52. And after that the door opens up for $93 to $100. I added to my longs at $34 dollars.
Not a financial advise. DYOR.
I expect AVAX to rise to $65.
Hello everyone!
#AVAX has established itself above the 0.5 Fibonacci level amid market growth. I anticipate further movement in the near future towards $65.
All targets are on the chart.
This is not financial advice, everything you do is at your own risk!
Subscribe to me to receive even more trading ideas.
AVAX/USDT - Avalanche: Trend Reversal◳◱ On the $AVAX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 37.55 | 40.22 | 45.52 and support near 32.25 | 29.62 | 24.32. Entering trades at 35.29 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Avalanche
▣ Rank: 10
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
◰◲ Technical Metrics :
▣ Mrkt Price: 35.29 ₮
▣ 24HVol: 97,441,798.042 ₮
▣ 24H Chng: 2.796%
▣ 7-Days Chng: 4.15%
▣ 1-Month Chng: 1.68%
▣ 3-Months Chng: 139.28%
◲◰ Pivot Points - Levels :
◥ Resistance: 37.55 | 40.22 | 45.52
◢ Support: 32.25 | 29.62 | 24.32
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.92
▣ Last 90D: 3.90
▣ Last 1-Y: 1.04
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.89
▣ Last 90D: 1.17
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth AVAXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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AVAX: Bullish Trend Continues Amid Correction Phase💎AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).
💎The formation of this bullish candle from the OB increases the probability of a bullish movement towards the next supply area around 37. If the price manages to break above this level, it would signify another BOS formation, potentially providing further bullish opportunities on pullbacks until the next resistance level of 41.73 is reached.
💎On the bearish side, a breakdown below the low level of 32.28 would indicate that bears are still in control of the market. In such a scenario, we could expect further correction towards the next support level around 29.31.
AVAX: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $35 resistance as well. Price could swing up to $40-$43 range near term for a +20% gain. Stop Loss at $32 (just below the last swing low).
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35, then $50.
AVAXUSDT - Ascending Triangle, waiting to breakout#AVAXUSDT (4H CHART) Technical Analysis Update
AVAXUSDT is forming ascending triangle pattern and it's waiting to breakout the ascending triangle.
If the price momentum continues in the similar manner, we can expect the breakout in next 2-3 days.
We have a strong resistance at 37$ level.
Long Entry level: $ 37.88
Stop loss: below $ 34.75
Target 1: $ 40
Target 2: $ 43.3
Target 3: $ 46.8
Target 4: $ 50
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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⚖️💹 AVAX Trading Strategy 🌐📊📊 Current Market Status:
AVAX consolidating in the $34.00 - $36.20 area of support.
📈 Chart Analysis:
Oversold on the 8-hour chart.
🔄 Trading Strategy:
Spot Long Trade: Initiate a spot long trade in the oversold support area.
Take-Profit Areas: $40.00 - $42.50 and then $50.00 - $53.00.
Stop-Loss: Set just below $30.00.
📣 Conclusion:
Utilize oversold conditions for a potential rebound.
Set take-profit areas and manage risk with a defined stop-loss.
Trade wisely! 📈💡 #AVAX #TradingStrategy #CryptoMarket 🌐📊
AVAX ANALYSIS (4H)From where we entered START, we have entered a correction.
It seems that our correction is a diametric, of course it may be a triangle.
We expect a downward rejection to complete wave E.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You