AVAX: Ascending TriangleAvalanche (AVAX) technical analysis:
Trade setup : Price is trading in an Ascending Triangle. Swing traders can enter near triangle support trendline (~$17) and exit near $22 triangle resistance, where it got rejected several times this year. Trend traders should wait for a breakout, ideally above $22 resistance, to signal Uptrend resumption.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $15, (previous resistance), then $10. The nearest Resistance Zone is $22, then $30.
Avax
Avax: Snap back to reality, whoop there goes gravity. Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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AVAX FLAG!KUCOIN:AVAXUSDT
AVAX sitting in a possible bear flag and looks like retesting the 382 (tempting!).
In consolidation at the moment. Break upwards will provide potential to 21.56 zone.
Break down, look for holding to 13.87 zone.
Uncertainty in US markets with potential of further bank collapses.
Bitcoin will run in this event providing upside to this potential setup.
Key: Let the market show you the direction.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Avalanche AVAX price preparing for a new wave of growth ?It is very likely that the AVAXUSDT price is now completing a correctional wave (2)
Critical support below which the AVAX price should not fall is $13.90-16
If this is the case, then the Avalanche token holders will face a (3) growth wave ahead.
The targets for growth in this wave are currently "smeared" at 37-50$
If this asset is interesting to you, then be active in the comments, we will see them and make more ideas for AVAXUSD as the price grows
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AVAX: Ascending TriangleAvalanche (AVAX) technical analysis:
Trade setup : Price is trading in an Ascending Triangle. Swing traders can enter near triangle support trendline (~ HKEX:17 ) and exit near HKEX:22 triangle resistance, where it got rejected several times this year. Trend traders should wait for a breakout, ideally above HKEX:22 resistance, to signal Uptrend resumption.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $15, (previous resistance), then $10. The nearest Resistance Zone is HKEX:22 , then $30.
AVAX UPDATE (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the AVAX symbol.
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
AVAX on the Weeklytake a look at AVAX RSI on the weekly. looks like a clean breakout with a re-test so far as support. i think with all the bearish calls and all the "we are definatly going into a recession" calls i honestly believe the bottom is in, but dont see new ATH any time soon. i believe we will just range in the HKEX:18 - HKEX:40 area for awhile with everything having big volatitlity swings both ways because as of now no one reallyy knows what is going to happen in the short term
AVAX flat personality!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Its got some Elliott wave flat characteristic, but have to wait for the C wave to know for sure... Flats usually happen after or before extended waves so would be an nice pattern to trade, if it plays out.
Cheers!
AVAXUSDT 1HAVAXUSDT 1H
SUPPORTS 18.82 / 18.55
RESISTANCES 19.31 / 20.00
RSI Exhaustion of purchasing forces
MACD: Optimistic
AVAX climbed to the psychological resistance of HKEX:20 and experienced a rejection tonight, returning to levels below that resistance.
On-chain data reveals intense developer activity and growing demand, so I believe that in the next few hours AVAX will go back above psychological resistance and head towards 28, which is my target for the month of April
Volatility Period: April 19-21Hello?
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(AVAXBTC 1W Chart)
The question is whether it can rise above 0.0009 187.
If not, we need to see if it finds support around 0.0006 306 and breaks out of the downtrend line.
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(AVAXUSDT chart)
During the volatility period around April 20 (April 19-21), it is necessary to check whether it can show a move out of the 19.16-23.96 zone.
If not, it should be sideways in the 19.16-23.96 zone to confirm the next volatility period around the 15th of May.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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AVAXUSDT 1HAVAXUSDT 1H
It continues in an upward trend, giving a show in the graphic analysis! Circulating above MM200 demonstrates clear buyer dominance, plus AVALANCHE has launched a new subnet system called “Evergreen Subnets” which is made specifically for financial institutions. Evergreen subnets will provide blockchain solutions, tools and other services to these big financial players, which will further fuel their rise.
Here are the supports and resistances:
Supports 21.01 / 20.61
Resistances: 21.65 / 22.00
RSI : Seller
MACD: Buyer
MM200: 19.24
EMAS : Pointed upwards, the asset generally follows the movement of the EMAS
AVAX 20% profit. 100% more to come !#AVAX / USD Update:
AVAX is currently trading at $20.54
According to Coinlion Trend Trader Indicator, AVAX is currently bullish.
We entered AVAX at $17.16 (03/31/2023) and already took some profits the days (14.15.16.17 of march) Exit 50% of our position (20% profit)
AVAX has crossed the descending channel that we have since 08/14/2022 and if the support and 200EMA holds at $19.17 we might see a huge performance.
Next target : $42.25
What do you think ?
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- When to enter short or long
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IF YOU WANT we can give you the link to our free indicators :
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Let us know
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🔥 AVAX Breaking Through 8-Month ResistanceAVAX has finally broken out of a 8-month pattern. With some luck, this might be the start of a new bullish era for AVAX, which has arguably been lagging a large portion of the market.
Keep in mind that BTC took a dive today, so the current break out might be a fake-out. I'm waiting for tomorrows candle.
In case of a confirmed break out, targets in blue.
✴️ AVAX 5X But Why Not More? (Beyond 500% Potential)I shared a new trade signal for AVAXUSDT and went with 5X, why not more?
Back in December and January, we do 10X easy because we can clearly see a bottom pattern and the initial breakout taking place.
In March we can clearly see correction ending but things can change.
Since the pair is already moving, since we are no longer near support/multi-year low, we reduce the risk and that's why 5X and no more.
People can always increase or reduce the leverage as they see fit.
You can always use more collateral and so on...
Leveraged trading is for experts only, there is high risk involved.
High risk with a very high potential for reward.
We are live on this pair and Matic 5X as well.
This is not financial advice.
See you at the TOP!
Namaste.
AVAX USDT | Perfect risk / reward ratio!#AVAX/USDT
🟢Entry price: from 17.47 to 16.6
🟢 or you can trade the breakout of 17.5 for more safe entry
🟢 Also, waiting for a confirmation of breakout by closing the current weekly candle above 17.44 will be perfect!
🎯Targets:
|> 20
|> 23
|> 28
🔴Stop-loss: Weekly candle closes under 16.6
➡️Recommended risk: 0.25%
➡️Recommended Position Size for entry point #1: 2.5%
➡️Recommended Position Size for entry point #2: 5%