Alt Coin TrianglesTriangles in Elliott Wave Theory indicate a 4th or B wave depending on the direction of price action or the the structure (impulsive/corrective)...what's good about triangles is that they almost always indicate that a final leg is imminent, e.g. a 4th wave triangle means the 5th and final wave is next, a B wave triangle means the final C wave correction is next.
Almost all alt coins, ETH, SOL, AVAX, etc, etc, have just printed a triangle of some sort and then proceeded to fall downwards out of the triangle pattern, ETH specifically printed a triangle and final leg down back in June 2021 (exactly one year ago coincidentally).
Is the bottom in for alt coins? ETH hit the 0.382 extension and there is bullish divergence on RSI...it could be the final leg for this bearish drive from the ATH.
Avax
avalanchesome nice bullish divergence on avalanche, daily timeframe.
falling wedge, indicative of a reversal in the near future.
it might just be a bear market rally, before continued downside - so exercise proper risk management if you play anything in the land of crypto.
---
take profit targets are on the charts, it likely will only get to the first or second, but it can technically go all the way if the market condition allows for it to happen.
🎯AVAX: the buyers are here! Are they ready to pump the price?Avalanche is going to break the trendline.
📊Why is long possible:
1. you can see lot`s of buyers at the volume indicator. At least 3 times they hold the price and push it up. The value area of $23-25 become a strong support for the price.
2. AVAX in going to return to the $26.6-27.8 value area. For the 3rd time price try to break this level, so it`s highly possible because it shows the buyer presure.
3. trendline squeese is the additional confirmation for the breakout.
🚩Targets:
🔶1. $26.6-28 - closest value area and resistance for the price, but this area with 3rd test became weaker and weaker
🔶2. $32-34 - huge 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.
#AVAX/USDT 2Hour UPDATE !!As we can see from the above-mentioned chart that AVAX printed an inverse head and shoulder pattern and broke the neckline.
Now it's moving to retest the neck line so here we can take entry for approx 40% profit.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
AVAX/USDT BUYING SETUP (SWING)Buying #AVAX/USDT (SWING)
$AVAX showing make a double bottom pattern, we can see avax not make a lower low this a good movement and if we see on weekly chart avax now in key support or demand zone . potential can sustain and breakout the neckline
Buy zone : 23.3 - 22 - 21
Target : 24.57 - 26.37 - 28.53 - 32- 36
Stop : 20.8
AVAX APPROACHING TO ITS REVERSAL ZONE.avax is dropping for past few days . it can rise now .
the price can go up right now from here <
the price can go a little dipper to green zone and then rise .
current price is a good price to buy < if it reaches 22-21.5 it is much better opportunity of course.
you can say your opinion about this .
hope you like everything about trading like me .
IS THIS Cup and Handle ?I SEE CUP
WHAT U SEE ?
What Is a Cup and Handle?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
AVAXUSDT has formed a wedge pattern on H4
AVAXUSDT has formed a wedge pattern on H4 which indicates after the breakout we can expect the price to go higher. The price has made a higher low after the rejection at 22 we can expect that the price continues to move higher to the upper band of the wedge.
💎 AVAXUSDT
🔵 Entry zone 23.00 - 25.14
🟢 TP1 27.30
🟢 TP2 35.80
🟢 TP3 51.89
🔴 SL 20.60
Good Luck 🎲
AVAX/USDT Analysis #ThecryptoCityAVAX/USDT Analysis
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you make better trade decisions if it did consider upvoting it.
I would also love to know your charts and views in the comment section.
I am not a market maker I could be wrong.
Everything is on the chart.
Everything depends on the BTC movement
Thank you
AVAX - "A" tier trendline💯Reasons to take short
⭐️ BTC rose a lot without pullback
⭐️ BTC is creating range on the top level while it didn't create traps for bulls or bears
⭐️ 8th touch
⭐️ No pullback after last touch
⭐️ You can see trendline on daily tf
⭐️ Squeezing the trendline
⭐️ 55 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
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 and your loved ones
AVAX LONGAvax Bounced of the 21$ resistance.
Expecting a retest of the Support. If we stay above it after the retest and break above the downtrend line,will be a good buy signal.
MACD is in positive momentum and RSI looks positive too and close to oversold.
Our First Target will be below the Major resistance of 51$ and the Second at 38.2% FIB retracement near 70$.
Avalanche (AVAX) formed big Gartley for upto 3770% huge moveHi dear patrons, hope you are well and welcome to the new trade setup of Avalanche (AVAX).
Previously we had a nice trade of AVAX:
Now on a monthly time frame, AVAX has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SOL/AVAX/MATIC Life Changing OpportunityMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
SOL/AVAX/MATIC Life Changing Opportunity - DO NOT MISS OUT
Bitcoin and ALTs are trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$
DO NOT BE LEFT BEHIND
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
shorting AVAXI'm thinking to short AVAX but I'm also wondering if it'd be better to short now against 1h EMA 200 or wait for it to reach last distribution zone.
I currently can't see a safe entry so I'm leaning more toward waiting for price to pump a little bit more. My short setup is on the chart. I know this means risking to lose the opportunity but as I always say timing is the most important thing when margin trading.
Good luck