Avax
AVAXAvax, also known as Avalanche, appears poised for a bullish trajectory, signaling potential gains of up to 100%. With its robust ecosystem and innovative technology, Avax has been gaining momentum in the crypto sphere. Its recent performance showcases resilience and upward momentum, suggesting a favorable outlook for investors. The project's unique consensus mechanism, Avalanche consensus, offers high throughput and near-instant transaction finality, enhancing its appeal among users and developers alike. Additionally, Avax's expanding DeFi ecosystem and partnerships further bolster its growth prospects. As the crypto market continues to evolve, Avax stands out as a promising asset with the potential to deliver significant returns to investors. Keep a close eye on Avax as it charts its course towards potential gains in the near future.
New Years Eve!❄️ AVAX ADA LINK ETH HOT Situations!Hey guys!
A friend has recently asked me to review some coins so here are my analysis starting off with and will publish screenshots of the other coins possible outcomes in the comments area.
As always, please manage risk accordingly and don't get ahead of yourself. Walk with caution and stay wary market conditions could potentially change at any given moment it's just a matter of a catalyst for this to blow up! Now, here are my UNBIASED directions so you are prepare to comfront different situations that could happen at each coin.
My gift to you dear reader. Happy New Years Eve!!! ❄️
Kina the Girly Trader ❄️
Avalanche: Gained Momentum 🔥AVAX continued to decline until last Friday. Then, however, there was a change of direction and the price shot up by more than 12%. This development strengthens our assumption that the downward swing was merely part of the substructure of the current (corrective) upward movement. We now primarily expect the magenta wave (b) to bring further significant increases. It should only end below the resistance at $56.43, where a fresh sell-off should replace it. The price should then fall back significantly to complete turquoise wave 2. However, our alternative scenario (48% probable) should be considered, which calls for sustainable rather than corrective gains. It comes into effect on a break of the $56.43 mark and already sees the coin in the turquoise-colored wave alt.3.
AVAXUSDT ANALYSIS 1H
You seem to want to conduct a technical analysis of the AVAX/USDT trading pair. Here's an interpretation based on the information you provided:
Critical Resistance Zone: You've identified a significant resistance zone between 39 USDT and 39.7 USDT. This suggests that the price is struggling to break above this range, indicating potential selling pressure in this zone.
Sell Position: You propose taking a sell position in this zone, indicating an anticipation of a potential price decline from the identified resistance.
Risk-Reward Ratio (RR): You mention a risk-reward ratio of 1:4. This implies that your profit target is four times larger than your stop loss level—a common approach for better risk management.
Stop Loss and Gain Levels: You suggest placing the stop loss at 40 USDT, slightly above the resistance zone, and setting the gain at 35.8 USDT, based on supply and demand zones.
Supply and Demand Analysis: Your approach is grounded in the theory of supply and demand, considering areas where supply and demand are likely to interact.
It's crucial to note that trading always involves risks, and market movements can be unpredictable. It's recommended to exercise caution and conduct thorough research before making trading decisions. Additionally, keep in mind that financial information is subject to rapid changes, and staying informed about real-time market developments is essential.
🏔️📈 AVAX - Support and Potential Entry Points! 🚀💰🔍 Current Situation:
Support Found: AVAX has identified local support at $34.74.
Price Movement: The price is gradually advancing toward $42.30.
🚨 Contingency Plan:
Next Major Support: If the current level is lost, the next substantial support lies at $28.
📊 Trading Strategy:
Laddering In: It's considered safe to ladder into positions as long as AVAX maintains and constructs structure at $35.27.
📢 Note: Always stay vigilant about market conditions and adjust your strategies accordingly.
Keep an eye on broader trends and potential scenarios. 🏔️📈 #AVAX #CryptoTrading #SupportEntry 🚀💰
AVAX WEEKLYBullish on AVAX/USDT / Weekly Chart.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
AVAX Bullish Price Action!Long opportunity here on AVAX . Falling wedge which is a bullish pattern. Price has reclaimed the .786 & POC. Target is 14% away.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
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.
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