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Avax

Avalanche PRICE PREDICTION *AVAX*Avax has been surprisingly strong and continues to do so with the latest strong wave. It is likely to break above the $60 level with the last wave. 60 is the minimum and it is possible that it will be higher in reality, but at the moment no one knows what the real level is After that, a bigger correction to make new higher highs. Given the overall state of the crypto market, this is a possible reality Don't forget to support the analysis if you agree. MoralDisciple
Long
by MoralDisciple
2
AVAX/USDT Break the descending channel, Ready for continue up??💎 AVAX's market behavior has recently displayed remarkable dynamism. Currently, AVAX has made a notable breakout from its descending channel pattern and is in the midst of a retesting phase at a pivotal support level. This phase is crucial for AVAX to validate its breakout and continue its ascent towards a significant resistance target. 💎 However, if AVAX struggles during the retesting phase at the support level, exhibiting signs of failure or breakdown, it may indicate a false breakout. This scenario could potentially lead AVAX to revisit the demand area around 31.3, a critical juncture for determining its future trajectory. 💎 Historically, AVAX has demonstrated a strong rebound when reaching the demand zone, suggesting a similar potential response in the current context. 💎 Nonetheless, a lackluster reaction or inability to hold the demand zone could signal bearish trends, possibly leading to a breakdown of this area. Should this occur, AVAX's next directional move could be towards the Bullish OB area, marking a key area for future market movements.
by MyCryptoParadise
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low). Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $35, which it broke, then $25. The nearest Resistance Zone is $50.
Long
by altFINS
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low). Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
AVAX potential downside to $35My MACD-VWAP indicator signaling potential downside for AVAX to $35 in the coming weeks. My next buy the dip zones are 35 dollars and if we break that with volume, the next downside target is 28 dollars. While in the long run I'm bullish on AVAX, in the near term we may pull back to 28-35 zone that is health for continuation of the longer term bullish structure. For a limited time I will give free access to my indicator that has been catching winning trades. DM me to request access. Read the rules of the the trading system below.
by CryptoBreakers
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-38 support zone could be an attractive swing trade entry area with upside potential back to $50. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
AVAX: Overbought at ResistanceTrade setup : Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re likely to see it pause here on some profit taking. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
Trailing Stops on AVAX and the Donchian ChannelHere is what a 7.4% Trailing Stop would look like on these AVAX runs. Seems pretty satisfactory, but I guess that is for you to decide! Why 7.4? Well, the profit takes would be a bitttt better than 7.5 it seems. Play around with it for yourself and see! This indicator is straight-forward and useful. A great idea. Give thanks to KivancOzbilgic (I cant post links yet! Sorry!) The blue is NOT Bollinger Bands! It is a Donchian Channel (The following is ChatGPT because I am lazy:) Donchian Channels: Construction: Formed by taking the highest high and the lowest low of the last 'N' periods. The area between the high and the low forms the channel. Use: Primarily used to identify breakout levels. When the price breaks through the top or bottom of the channel, it may indicate a continuation or reversal of the current trend. Bollinger Bands: Construction: Consist of a middle band being a moving average (usually 20-period) and two outer bands at a standard deviation above and below the middle band. Use: Used to measure market volatility and identify "overbought" or "oversold" conditions. When prices move close to the upper band, the market may be considered overbought, and when they move close to the lower band, it may be considered oversold.
BINANCE:AVAXUSD
by Jackaryyy