Avax
Is AVAXUSDT About to Crash? Here's What You Need to Know!Yello, Paradisers! Are you keeping a close eye on AVAXUSDT? We’re seeing bearish signals that could indicate a major move down! 📉
💎Currently, AVAXUSDT is forming a classic Head and Shoulders pattern from a key resistance zone—a strong indication of a potential bearish reversal. 🧐 On top of that, we’ve spotted a Change of Character (CHoCH) confirming a bearish market structure, further tilting the probability to the downside.
💎But that’s not all. If AVAXUSDT pulls back and we see an Internal CHoCH (I-CHoCH) on the lower time frames, it will strengthen the bearish sentiment and signal an entry opportunity. In this scenario, the right shoulder could develop on the higher time frame.
💎Don’t forget, there’s a supportive trendline nearby that could cause some price reactions. Manage your positions carefully and don’t get caught in a false breakdown.
💎However, if the price shows strength, breaks above the resistance zone, and closes a candle above, it will invalidate our bearish outlook. In this case, it’s a clear no-trade zone until we see a decisive break in either direction.
🎖With the markets always throwing surprises, remember: Stay patient and wait for the highest probability setups. Discipline is key to consistent profitability.
MyCryptoParadise
iFeel the success🌴
AVAX Long Spot Position (Support Entry)Market Context: AVAX has retraced to a key support level between $23.00 and $25.50, offering a strategic entry point for a long trade as it shows potential for a bounce.
Trade Setup:
Entry: In the current $23.00 - $25.50 level of support.
Take Profit:
First target: $30.50 - $33.00
Second target: $39.00 - $41.50
Stop Loss: Just below $24.50.
This trade aims to leverage the support level for a potential upward movement, maintaining a favorable risk-reward ratio. #AVAX #SupportTrade
#AVAXUSDT #4h (Bybit) Ascending channel breakdownAvalanche lost 50MA acting as resistance now, seems to be heading towards 200MA support.
⚡️⚡️ #AVAX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (7.0X)
Amount: 4.9%
Current Price:
28.095
Entry Targets:
1) 28.435
Take-Profit Targets:
1) 25.140
Stop Targets:
1) 30.085
Published By: @Zblaba
CRYPTOCAP:AVAX BYBIT:AVAXUSDT.P #Avalanche #Web3 avax.network
Risk/Reward= 1:2.0
Expected Profit= +81.1%
Possible Loss= -40.6%
Estimated Gaintime= 1 week
NOCHILL v2 or The Chill is over [MEMECOIN on AVAX]God it's been a while since I've posted here for the last time.
Real life is real. Inner work needs some time (the whole lifespan to be fair).
But you're here probably not to read some stories and the life lessons (If you are - tell me though), so!
Bought several Memecoins on AVAX on 1st Jan and forgot. Forgot so much that missed my 100x.
Well, anyways. It's on the breakout now after falling down and i think we might go at least to TP1 and all the way to 0,5 Fib (If it will go higher, I'll update).
On top of that, the volume seems to break out too:
Not the fin advice, just my thoughts.
Ngl wanted to post this thread when it was around .0044 but still wasn't sure. Now it seems more then real that we're gonna see the next leap.
Thanx!
A_Vision
AVAX IMPULSE WAVE #AVAX #LONGTERM #MONTHLY
"On the monthly timeframe, the coin is bouncing off the main support at $20. I also believe that the monthly candle close will be an engulfing candle.
Main target: $100 to $250.
The $500 target is a major goal that may or may not happen under certain conditions and significant market news."
STOP LOSS : 17$
"The recommended holding period for the coin is 6 to 9 months."
AVAXUSD Bottom formed & going for the ultimate bullish breakout.Avalanche (AVAXUSD) has just touched this week the top of the 6-month Channel Down. In cyclical terms, this is just a big Bull Flag half-way through the Bull Cycle, similar to those of the previous one, in August - November 2020 and March - June 2021.
The Cycle's 2nd bottom is in being doubt as the RSI held and rebounded on the 40.00 Symmetrical Support, which held and kick started the post June 2021 bottom rally. The only confirmation left to give us is to break above the 1W MA50 (blue trend-line) for the first time since late July.
As you can see both of 2020 - 2021 Bull Flags rebounded aggressively reaching the 2.0 Fibonacci extension. As a result once the 1W MA50 breaks, we expect a similar rally on AVAX, whether more aggressive like 2020 or marginally less like 2021, but our Target is at $250.00 (Fib 2.0 and above the All Time High).
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Avalanche: Knock, Knock...AVAX was able to gain further ground within our turquoise Zone (between $17.48 and $29.30) and is currently trying to break through the resistance at $28. As soon as the coin manages to establish itself above this level, this should provide further upward momentum. We then expect the remaining sub-waves of the blue wave (iii) to produce a decisive increase. Consequently, long positions can still be opened within our Zone, with stops placed around 1% below its lower edge or at the support level of $17.44. Should the price slip below the $17.44 level (33% likely), we will still have to locate it in the turquoise-colored wave alt.2.
AVAX scalp in H1📊 Analysis by AhmadArz:
🔍 Entry: Wait for a bullish confirmation around $26.80.
🛑 Stop Loss: Below $26.45.
🎯 Take Profit:
- TP1: $27.46 (Close 50% position)
- TP2: $28
- TP2: $28.88
- Re-entry: Consider around $25.00 for another position.
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Alikze »» ALGO | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern
- It is moving in a downward channel in the daily time frame.
- It was mentioned in the analysis presented in the previous post, after the failure of the supply zone, it will have the ability to continue the trend until the next supply zone. But it faced selling pressure in the first supply area, which led to a correction of 0.23 from the previous wave.
-Currently, it is in a corner pattern, which after the break of the channel, a pullback to the roof of the descending channel has been done.
- Also, with the support of dynamic trigger, it can lead to escape from density.
- Therefore, by leaving the density, it will have the ability to reach the specified goals and also the supply area.
💎 Alternative scenario: In addition, if it faces selling pressure in the area of the high dynamic trigger and does not have a correction in the form of a soft landing, it can continue to correct up to the range of 0.097 with the failure of the low dynamic trigger.
💎 Note: If Fibo 0.23 is not maintained and below the stabilization zone, the bullish scenario will be invalidated and should be reviewed and updated.
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BINANCE:ALGOUSDT
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at a price of 23
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 23.69
First target 24.81
Second target 25.70
Third target 26.86
AVAX : Potential Reversal in MACRO TFA downtrend, or bearish trend is characterized by a few things including making lower lows and lower highs. This is evidently seen when pulling up the macro timeframe and applying trendlines towards major bounce zones or wicks.
Similarly, an uptrend is characterized by the price making higher lows, and higher highs. Currently, we are only seeing ONE of these conditions met - the higher lows. This does not mean the price cannot retrace towards the trendline. However, as soon as the trendline is lost, the higher lows is invalidated and the price remains BEARISH.
A fall UNDER the trendline would likely lead to a revisit of a wick at $17.
While you're here👀 Make sure you check out yesterday's post on 3 Alt that are bearish right now:
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BINANCE:AVAXUSDT.P
AVAX Long Position (Potential Bounce in Conviction ZoneMarket Context: AVAX is still in a downtrend but has retraced over 60% from its previous high and is trading in a strong conviction zone. The price is setting higher lows and has reclaimed the 21-day EMA, signaling buyer strength.
Trade Setup:
Entry: Long spot position around $23.
Take Profit:
First target: $29 - $32
Second target: $40 - $44
Stop Loss: Daily close under $20.
(BTC) bitcoin "auto fib retracement - 100"BTC falling beneath the 100 auto fib retracement.
Other cryptocurrency also beneath the red layer of the auto fib retracement include;
AVAX, BADGER, CELO, COIN, CURVE, DASH, EGLD, HFT, KSM, MINA, RAD, SUSHI...and ICP is in the red unlike the other top traded cryptocurrency remaining in green, neutral or blue areas of the auto fib retracement.
Others below the red line include:
IMX, SUPER, AUCTION, PERP, IDEX, NMR, OGN, YFI, BLUR, DYP, STORJ, UMA, AXS, BTRST, SEI, APE, C98, DIA, LDO, METIS, GRT, TIA, MATIC (POLS), XCN and FX.
Still no info from the newly listed tokens/coins of 2024.
Sept 4Overview:
Today marks a mini anniversary—exactly one month since the 15% COINBASE:BTCUSD BTC crash on August 5th, which concluded a 7-day bearish correction. This correction was the third wave in a 28-day cycle. Why does this matter? BTC tends to follow relatively short cycles and typically doesn’t take longer than a month to make a decisive move in either direction. If there’s momentum left, it’s time to pump. If not, we may see a dump.
The Fed reported 7.7 million job openings in July, the lowest level since 2021. This was below the estimated 8.1 million and June’s 7.9 million. Job openings have been declining since March 2022, the month when the Fed first raised rates after cutting them to 0% in response to COVID-19. However, this figure is still higher than the peak of 7.6 million in November 2018. The Fed's goal isn’t to reach the same numbers as in 2018, but if we apply the growth in the U.S. economy since then, 7.6 million jobs in 2018 would be equivalent to 8.46 million in early 2024. Hence, discussions of an interest rate cut on September 18th are gaining momentum.
On Wednesday, the VANTAGE:SP500 and NASDAQ:QQQ both opened and closed lower than the previous day, though they posted green candles. Despite this, their relation to the previous day is bearish. So far, this September is shaping up to be like others—Labor Day weekend is over, professionals are back at their desks, and business cycles are picking up (the last three trading days have shown higher volume since August 9th).
As we mentioned yesterday, BTC’s new trading range is between $55.8k and $58.4k. It touched the lower bound of $55.8k at 9 PM NYC time and then climbed to $58.5k 15 hours later but has been sliding down since.
BTC ETF flows have been negative for the last 7 days, despite occasional daily green candles. At Evgen Capital, we believe ETFs represent a less crypto-enthusiastic crowd, akin to the shoe shiner who once gave stock tips to John Rockefeller—prompting him to sell. As with the Fear and Greed Index that we quote regularly, one should move in the opposite direction of ETF flows. If they are negative for an extended period, it’s time to start buying. If they’re posting all-time highs, it’s time to sell.
W: Up until today, it was a green weekly candle, but it has now turned into a red doji. Can it hold the $55.9k level? We don’t see many reasons for a quick dump, so BTC might remain in this range for another week. Big volatility is expected next week ahead of the September 18th rate cuts. Neutral.
D: RSI is at 41. The last time it was here was August 15th, which preceded a 15% pump over 10 days, trapping the bulls. Bullish to neutral.
4h: Neutral.
1h: At the lower bound of the Bollinger Bands with a low RSI. Neutral to bullish.
Alts relative to BTC: No divergences or major breakouts.
Bull case: There is still time before the historically bearish October to push BTC up to 60k. ETFs are showing signs of capitulation, with 7 consecutive days of sell-offs.
Bear case: There’s a lack of enthusiasm toward crypto, and negative news, like the SEC sending subpoenas to COINBASE:UNIUSD investors, continues to emerge.
Fear and Greed Index: 34. No change.
Prediction: For the rest of the week, BTC will likely retest the $55.9k level. If strong volume and buying power come in, bulls might be able to push through.
Opportunities: Weekly and 4-hour divergences in major altcoins. COINBASE:SOLUSD , BINANCE:ARUSD , and COINBASE:AVAXUSD show bullish MACD divergence. Even though BTC has been sliding lower, these altcoins reached their lows a few days ago, when we reported BTC-to-alts divergence. This is the time to decide which side to take and to set stop-limit orders.
Alikze »» TIA | Ready to pullback to the broken structure🔍 Technical analysis: Ready for a pullback from the liquidity zone to the broken structure
- According to the analysis of the previous post , TIA currency is moving in a downward channel.
- As can be seen, lower floors and ceilings are forming, which further reinforces the bearish view.
- Currently, in the 1D time frame, it is in the liquidity zone, which can target 3.17 with a pullback to the neckline and then the green box zone.
- Therefore, in the case of a pullback to the broken structure and selling pressure in the Fibo area of 1.618, it can touch the mentioned targets.
💎 Alternative scenario: In addition, if it can break the neck line, it will have the ability to grow up to the supply area of the previous ceiling and the ceiling of the channel.
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BINANCE:TIAUSDT
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap
- According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area.
- Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed.
- But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel.
- Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap.
💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again.
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BINANCE:SUIUSDT
AVAX analysis (1D)From where we put the red arrow on the chart, it seems that AVAX has entered the correction phase.
We now seem to be in the F wave.
The price can drop down soon.
If the g wave is normal, it can end on Entry 1.
But if the g-wave is extended, the g-wave can continue up to the Entry 2 range.
Risk-averse people can wait for Entry 2, and risk-taking people can enter the range of Entry 1 and Entry 2 in the form of martingale.
We have such a view on AVAX.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AVAX Technical AnalysisAvalanche (AVAX) Analysis
Avalanche (AVAX) has been gradually recovering after a significant drop that saw the price decline from the $31.89 level down to a low of $17.29. Recently, AVAX has been trading on a support zone (Yellow) at $20.69 - $23.04, indicating some consolidation as it attempts to regain bullish momentum.
Currently, AVAX is hovering around the $23.05 mark, just above the critical support zone (Yellow) at $20.69 - $23.04. Despite this recovery, AVAX faces strong resistance near the $24.53 level, as seen in the recent price action.
While the market is showing some signs of recovery, a further downside movement towards lower support zones, particularly the $20.38 level, seems possible if the buying pressure weakens. If AVAX fails to hold above the support zone (Yellow) at $20.69 - $23.04, it may re-enter a bearish phase, pushing the price back towards the lower support level that could determine its medium-term direction.
AVAX is currently at a crucial juncture, with the potential for further downside if it fails to break key resistance levels. Traders should watch for the price holds above the support zone (Yellow) at $20.69 - $23.04 for a potential bullish continuation or a rejection that could lead to a retest of the lower support levels.