avax | Exit from the channel with subsequent correctionHello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌AVAX we observe an ascending channel at 8H, you can also notice that there was a breakdown of the support level, thus we can understand that in the short term we are expected to have a downward movement.
📌Now the price is testing the channel support zone as a resistance zone, if the price fails to return to the channel, then most likely we will see a downward movement to the zone below $20
📌 I showed an approximate take profit and stop loss on the chart.
Not financial advice, just sharing my thoughts on a chart.
Also leave your comments what do you think about it.
Avax
📊 GMT is going down! Don`t get in trap.Hi friends! All alts make a huge pullback after BTC dump yesterday. It`s a good chance for traders to enter the best trade in a 3-4 weeks with 30-40$ potential.
📊 Here is a preconditions to open long:
🔥 liquidity collection (trap) for the long and short traders. When the price break the $0.7628, long traders will get sl actived and short traders will get sell limit activated and when the price go up, short traders become a fuel for the growth
🔥 volume growth that confirms
🔥 DOM and Footprint show the HUGE orders to buy and support by the whales. Here i can set short sl with the best RR
🔥 bullish BTC help GMT to reach it`s target
🚩 All alts follow the BTC, so bullish BTC is what probably all altcoiners and traders wait for.
📊The targets:
1. $1.125 - the key level
2. $1.32-1.44 - the value area
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Avalanche (AVAX) - August 20Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(AVAXUSDT 1W Chart)
The key is whether you can keep the price above 20.30.
(1D chart)
The key is whether it can move higher than 23.72.
Otherwise, it is expected to decline to the 15.44-20.30 section.
A move above 23.72 is expected to lead to an attempt to move above 30.03.
- The RSI indicator, the Stoch RSI indicator, and the CCI indicator are all in the oversold zone.
So, it's a good idea to check the movement until you start breaking out of the oversold zone.
- Aggressive buying is currently possible, but if you are unfamiliar with short-term trading, it is not recommended to challenge it.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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short it all to zero | $avax to $22exited all longs with this pump. was mainly in eth as wee moved avax long profits to eth a few days ago.
don't think avax takes out the high. was the final momentum pump we were looking for.
next two weeks or so expecting all downside action.
just about everything should be a safe short from here.
Avalanche: The Very Hungry Caterpillar 🐛You know the children’s book The Very Hungry Caterpillar by Eric Carle? Just like the story’s protagonist, Avalanche is crawling around with wriggly movements and is repeatedly gnawing at the turquoise zone between $25.29 and $39.63. If the altcoin wants to further our primary scenario, though, it should pupate soon and emerge as a beautiful butterfly, flapping away above the resistance at $103.64. However, there is also a chance that Avalanche could lose its footing and drop below the resistance at $9.25, which would then elicit a strong downwards spiral.
$AVAXUSDT Long SignalOne of a hidden gem, its going to explode in the next few weeks. Sitting in as a short term correction after which it will be making moves to the upper levels soon.
My setup is as follow:
Binance Futures Long (10X)
Entries
18.20 - 21.50
One time Entry
20 - 22.45
As a good trader always uses Stop Loss, for me i am setting a Stop Loss of 13.5 - 14.35 (trailing).
Please be careful with your investments.
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MetaFutures
AVAXHELLO GUYS THIS MY IDEA 💡ABOUT AVAX is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Buyers from this area will be defend this Long position..
and when the price come back to this area, strong Buyers will be push up the market again..
uptrend + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
AVAX TREND UNDER THREAT?AVAX 1D: Bearish flag brewing as illustrated between the white regression lines. Also note the declining volume against rising price as shown along the bottom of the chart. Strong price architecture is built on a solid volume foundation. That foundation looks to be waning.
A downside breach of the 24.17 level, which is (-2 ) standard deviations off the linear mean, would potentially put the recent upward trend under threat.
The RSI has touched the overbought level at the top end of its range on the 1 day time frame and begun trending downward. Trips over 70 on larger timeframes such as the 1 day chart are significant indications of a rally potentially coming to its end. Stay nimble out there.
AVAX rise by 123%🔥 Will the party continue❓Hi friends! Avalanche is already rise by 123% from it`s bottom. By the way BTC made +40%.
Now the price is inside the wedge and ready to break up from one side. But AVAX need to make a pullback to cool down. This is a chance to open a long for us.
If the price fall to the closest value area it should become the support. The second support is lower boundary of the wedge. These two layers can stop the fall and let the alt to cool down before the growth to the new targets.
📊 Preconditions to open a long:
1. local pullback to the $23-25.5 value area and lower border of the wedge
2. volume growth which confirms the big players pressence
3. BIG ORDERS by the whales on DOM and Footprint. If the big orders apear it`s a big chance to the AVAX to continue it`s growth because the whales won`t let the price to fall.
4. bullish BTC
📊 The targets are a key levels:
🔥 $40 - closest resistance
🔥 $50 - even number
🔥 $70 - local high
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Avax Short - Taking liquidity from bulls
Reasons to take Short:
⭐️ BTC 100 ATR
⭐️ We coudn't update high
⭐️ Trendline is clearly seen on daily timeframe
⭐️ Had false breakdown
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself