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Avax

AVAX LongMarket Structure: The price is currently in a downtrend, making lower highs and lower lows. The chart shows a significant recent low near the $24.40 level, which is identified as "Sellside Liquidity." Key Levels: Imbalance (Monthly): This area, marked on the chart, suggests a zone where there was an imbalance in trading volume, likely indicating potential resistance or a target area. Sellside Liquidity: This level at approximately $24.40 is where there may be a cluster of stop-loss orders for long positions, representing potential liquidity for the market to tap into. Fib Retracement Levels: The chart indicates the 0.5 Fibonacci retracement level, suggesting it as a potential resistance or target area. Potential Trade Setup: Long Position Entry: A potential long position could be considered around the $24.40 level, targeting the upper blue shaded area (around $34.00 to $36.00) as a take profit zone. Stop Loss: A stop loss could be placed slightly below the $24.40 level to manage risk, considering it as the last significant support area. Take Profit: The target take profit zone is indicated by the blue shaded area, aligning with the previous resistance and Fibonacci retracement levels. Summary: The trade idea involves entering a long position near the identified "Sellside Liquidity" level around $24.40, with a stop loss placed below this level. The target for the trade is the blue shaded area between $34.00 and $36.00, which coincides with the Fibonacci retracement level and previous market structure highs. This setup is based on the expectation that the price will rebound from the current support level and move towards the identified target zone.
Long
by SerenityEquity
Trade setup for AVAX/USDTThis trade setup for AVAX/USDT is based on key support and resistance levels and the potential for a reclaim or bearish retest of the previous range low. I will outline both the long and short scenarios, detailing the conditions under which I will enter and exit these trades. Current Price Action: AVAX is currently trading around $29. The price has been in a downtrend, as evidenced by the lower highs and lower lows on the chart. The previous range low is a significant level that the price needs to reclaim to shift the market sentiment from bearish to bullish. Key Levels: Previous Range Low: Approximately $29.30. Trade Plan: Scenario 1: Long Position Entry Condition: Enter a long position if AVAX reclaims the previous range low of $29.30 and closes above this level on 1h timeframe. Entry Price: Around $29.30 Stop Loss: Below the recent swing low at $28.6. Potential Long Target1: $30.45 (based on previous highs and resistance levels). Potential Long Target2: 32$ Rationale: A successful reclaim of the range low indicates a potential shift in market sentiment, providing a good risk-to-reward ratio for a long position. Scenario 2: Short Position Entry Condition: Enter a short position if AVAX performs a bearish retest of the previous range low ($29.30) and shows signs of rejection Entry Price: Around $29.30 - $29. Stop Loss: Above the recent swing high at $29.75. Take Profit:1 $28.6, Take Profit:1 $27.1, Rationale: A bearish retest and rejection at the range low suggest that the downtrend is likely to continue, providing a good risk-to-reward ratio for a short position. Execution: Monitor Price Action: Keep an eye on how the price behaves around the key level of $29.30. Wait for Confirmation: Look for strong confirmations such as a high volume break and close above $29.30 for a long position or a bearish candlestick pattern with high volume rejection for a short position.
by Cryptodbs
1
Avalanche (AVAX) Analysis: Testing Critical Support Amid Market📆 Coin of the Day: Avalanche (AVAX) About the Project: Avalanche is a highly scalable blockchain platform aimed at decentralized applications and enterprise blockchain deployments. AVAX is the native token used for staking, transaction fees, and governance within the Avalanche ecosystem. 🧩 Technical Analysis Daily Timeframe This analysis focuses on daily trends, identifying critical levels and potential scenarios. 📉Support and Resistance: Key Supports: 31.98 23.03 Key Resistances: 41.42 49.96 60.71 🔍 Current Scenario: Testing the Demand Zone Demand Zone: AVAX is currently testing a crucial demand zone around 31.98. This zone has historically acted as a strong support level, indicating high buying interest at these price levels. Implications of Holding the Demand Zone: Potential Reversal: If AVAX can hold above the 31.98 level, it may indicate that buyers are stepping in, potentially leading to a reversal. This could lead to a bounce towards the next resistance levels at 41.42 and 49.96. Confirmation Needed: For a bullish reversal, it's essential to see confirmation through increased volume and a break above the descending trendline. 📉 Bearish Scenario: Break Below Demand Zone Immediate Implications: If AVAX breaks below the 31.98 demand zone, it would suggest that the selling pressure is overwhelming the buying interest, leading to further downside. Next Support Level: The next significant support level to watch is around 23.03. A break below the demand zone could lead to a swift move towards this lower support, as the lack of strong support in between could accelerate the decline. Volume and RSI Analysis: Volume Analysis: Recent trading volume has been moderate. An increase in volume is needed to support any significant move, whether it be a bounce from the demand zone or a break below it. RSI Analysis: Current RSI: 34.11, indicating that AVAX is nearing oversold territory. This could suggest a potential buying opportunity if the price holds the demand zone. 👨‍💻 Trading Positions Long Position Entry Trigger: Hold above 31.98 with confirmation from RSI and volume. Strategy: Open a position if the price confirms a hold above this level, targeting higher resistance levels at 41.42 and 49.96. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Break and retest below 31.98. Strategy: Open a position if the price confirms a break below this level, targeting 23.03. Adjust stop-loss orders accordingly. 📝 Avalanche (AVAX) is at a crucial demand zone, and its price action around this level will be pivotal. Traders should closely monitor the 31.98 level for potential bullish reversals or bearish breakdowns. Volume and RSI trends will provide additional insights into momentum shifts. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
AVAX Long Trade SetupCurrent Situation: Price Level: AVAX is trading around the 0.618 Fibonacci retracement level, a critical support area. Bullish Bias: Holding above $29 is crucial to maintain a bullish outlook. Losing this level would suggest a return to bearish conditions. Trade Strategy: Entry Criteria: Deviation and Reclaim: Wait for the price to deviate below the support and then reclaim it by breaking the trend. Change of Character: Alternatively, wait for the price to form higher highs and enter on the subsequent higher low. Entry Point: Enter a long position between $31 to $33. Take Profit Targets: Primary Target: $42 Secondary Target: $50 Stop Loss: Set a stop loss at a daily close below $29 to manage risk. Summary: For AVAX, maintaining the 0.618 Fibonacci retracement level is essential for a bullish outlook. Enter a long position between $31 to $33 if the price reclaims support or shows a change in character. Set take profit targets at $42 and $50, and place a stop loss at a daily close below $29 to limit potential losses.
Long
by Richtv_official
AVAXUSDT.1DOn the AVAX/USDT daily chart, the price of AVAX appears to be consolidating after a significant downtrend. The price is currently hovering around the S1 support level at $27.27, which seems to be holding as a key support zone after several tests. The MACD indicator is showing signs of convergence below the signal line, which might indicate waning bearish momentum. However, it's still in negative territory, suggesting caution. The Relative Strength Index (RSI) is currently just below 45, reflecting neither strong buying nor selling pressure but leaning towards the lower side, which indicates slight bearish sentiment in the market. If AVAX maintains its position above the S1 level, there might be potential for a short-term rebound towards the R1 level at $43.37. Conversely, a break below S1 could lead to further declines towards S2 at $18.94. Given the current setup, traders should monitor the S1 level closely for potential buying opportunities if the support holds, but also remain vigilant for any signs of a breakdown which could signify a continuation of the downtrend.
by MarsSignals
AVAX Long Trade SetupCurrent Situation: Price Level: AVAX is trading at a support level of around $36.00, offering a good opportunity for a long trade. Trade Strategy: Entry Point: Enter a long position around $36.00. Take Profit Targets: First Target: $40.00 - $44.00 Second Target: $50.00 - $53.00 Stop Loss: Set just below $34.40 to manage risk. Summary: AVAX is at a strong support level around $36.00, presenting a good entry point for a long trade. The take profit targets are set at $40.00 - $44.00 and $50.00 - $53.00, with a stop loss just below $34.40 to protect against potential downside.
Long
by Richtv_official
Avalanche Buy OpportunitySo far, I have profited 450%, 56% and 223% from Avalanche. I have already shared the profits I made in 2023 in my X report, and my followers have profited with me. I don't have any Avalanche at the moment. I am waiting for this moving average to pick up. If Avalanche falls below the moving average, I will wait for my Dip Finder indicator to turn green to buy. But if it is rejected from the moving average, I will buy and hold it until my indicator lights white. I will update this post again when I buy, so I recommend you to stay tuned.
CRYPTO:AVAXUSD
by YavuzAkbay
NUKLAI NAI at the ABSOLUTE BOTTOM - #datanomics and MOREAbstract Nuklai is one of those projects that when you truly get to understand it, not only you realize it's a hidden gem, but it has the potential to become its own type of Web3 subdivision such as DeFi, NFT, Metaverse, etc. In this case, we're looking at the birth of #Datanomics, or the monetization of user's data using Web3 technology. Fundamental Reasons why NAI is a good project Data mining by big corporate such as Google, Meta, and others is the fundamental pillar on which their business models are based. No data, no freemium. So companies such as Google and Meta get user's data for free, in exchange for Google and Meta products and services. But what if users could monetize their own data as NAIF tokens and get these companies to pay them for their data? Not only is this an idea that can change it all, but it has been tested and it works! If you go into their X profile , you can find they already tested this model with a BTC Price Prediction Research that got 2858 entries . This means 2858 NAIF (fraction tokens) were minted, and now each token holder is receiving passive income from 3 subscribers for their contribution to this dataset. This is the first time a user's data is tokenized in such a way! Token fractions (NAIF) from decentralized datasets is only one of the innovations Nuklai is working on. Another important highlight is their Private Data Networks offer for big enterprises will also bring Web3 data usage to the masses, although this is more of a B2B approach. Web3 users are used to paying money for acquiring tokens. But what if you can share data for tokens that provide passive income instead? Passive income NAIF tokens swapped for Web3 users data will take off when the market realizes its potential, the #datanomics potential. Technical Reasons why NAI chart is looking promising There are three main reasons why the NAI chart looks incredible, almost like an absolute bottom: 1. NAI is in a bullish descending channel that just touched the bottom for the third time. Price action is ready to move into an accumulation sideways. The bottom has just hit only some hours ago. 2. You can see NAI is actually at the bottom of a saucer pattern. Its price action resembles that of BTC 2013-2017 and its three phases of the saucer pattern: descending channel, sideways accumulation channel, and bullish ascending channel. NAI is doing the same. It's now just entering the sideways accumulation channel. 3. The bottom of NAI is at 0.118 fib retracement line, where most bottoms for cryptos occur. This happened the same with LINK, BTC, ETH, etc, at some point, showcasing the unique opportunity to get into NAI at the bottom 4. 4h RSI at total oversold levels. Bounce imminent. And finally, at only 12M marketcap? There is no greater jewel in the crypto space right now. If NAI does a proper saucer pattern just as the one BTC did, we could see around +13000%, which will make the price go at least to the 13 FIB line, which is exactly at $1 USD per NAI. I think we may see this within the next 12-18 months or so.
NLong
by CoinMajesty
AVAX - CAME TO GLOBAL RESISTANCEAnalyzing the chart, it becomes obvious that the price is trading within the global resistance zone spanning from 44 to 56. Given this context, it is wise to look for attractive short-term setups, as they are quite reasonable at this stage. The initial target could be to remove liquidity behind the wick (x) at 27.24, and further targets could be to fill the imbalance on the daily timeframe (FVG) around 23.70. The third target involves withdrawing liquidity at 18.90(x) and then targeting a significant imbalance (FVG) over a one-week period. Here we can already start looking for good setups in the downward movement, we are waiting for our confirmation!
Short
by truepersonal
AVAX - Big One? Hi, this is my new update for AVAX. As you see we are in a big range over 6 months now and I expect we are going to takeoff in the next couple of weeks. In the picture above you see Ethereum in 2017 and it seems that we are going to try something similar to what Ethereum did. Right now we are in the yellow circle and we are backtesting the trendline. If it holds then we are getting ready for 170% upside with the main target 95-100$. We have still things to settle, like the RSI and the moving averages. The RSI is still bellow the trendline. We have good support level around 28 -31$ and big resistance around 55-65$. Good things take time, be patient.
COINBASE:AVAXUSDLong
by GOAT1375
2
AVAX/USDT upward momentum from descending resistance breakout? 💎 Paradisers! Keep a close watch on #AVAXUSDT as it shows strong indications of a bullish continuation following a breakout from its descending resistance. 💎 Reviewing recent movements, #Avalanche has effectively broken above its descending resistance and is now positioned for a rise starting from the demand level at $36.72. If it can maintain this momentum, we expect a vigorous advance toward higher levels, although some initial resistance might provoke a significant uptick. 💎 It’s crucial to consider that if the price struggles to maintain momentum at the current demand level, it could signal a softening of the bullish scenario. In such an event, we are prepared to capitalize on a bullish rebound from a lower support level at $35.11. The substantial liquidity at this level indicates that CRYPTOCAP:AVAX could mount a strong bullish recovery. Nonetheless, a breach below this demand level could lead to a notable decline in price. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
AVAX LONG! Potential Swing Play to the upsideAVAX Long Position. on the 4-hour chart we see the wick is bouncing off of the 50 moving average. Confirmed the position with the Stock RSI indicator crossing over. Most Cryptos will be extremely Bullish Today. Also US30 stocks have a potential push as well, including Boeing. It is possible we could see a huge wick to the downside so minimize your lot size for example, if you have a $10,000 account, minimize lot size to .10 lots on a 100:1 account. place 2 x .05 lots. STOP LOSS @ 35.15 TAKE PROFIT @ 40.53 ENTER NOW @ 37.14 or at US open for better entry.
Long
by OfficialPapaRico
3
AVAX/USDT It looks fake out, is need reclaim for back to upward!💎 Paradisers, #AVAX is indeed a coin worth monitoring closely. 💎 It has experienced a fakeout, indicating uncertainty in the market. This could lead to a potential test of the OB (Order Book) to gather liquidity before attempting to reclaim or break the resistance level for continued upward movement. 💎 However, if AVAX successfully reclaims the price above the resistance without testing the OB first, it may signal strong bullish momentum, potentially leading to a move towards the supply area around the $47 level. 💎 Breaking through the supply area is crucial to confirm a bullish trend reversal, indicating further upward movement for AVAX. 💎 Conversely, if AVAX fails to break through the supply area and experiences a strong rejection, the price may retreat and test the support level around $39.8, which previously acted as resistance. 💎 A concerning scenario would be if AVAX fails to bounce upon reaching the OB area, potentially leading to a breakdown and a move towards the key support level. 💎 In such a case, a bearish invalidation would occur if AVAX breaks below the key support level and the daily candle closes below it, signaling a continuation of the bearish movement with potential further downward momentum. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2