AVAX/USDT : Bullish setup for long-term holders BINANCE:AVAXUSDT
Hello everyone 😃
AVAX had a pullback in BTC pair and now it's moving above bearish trendline !
As AVAX/BTC is above support zone, everything is good enough to hold some bags..
📌 Below 30$ would be good zone for entry and accumulating..
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
AVAXBTC
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMAAvalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 170% gain from current price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 170%+ Gain Triple Bottom Formed. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just below the 200 SMA signalling bearish sentiment but a possible test back to the 200 SMA and a break of this level would signal a very bullish sentiment, further a trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 170%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Avalanche (AVAXUSDT/AVAXBTC) Long&Short Trade Setups 2021/03/05Long Trade Setup #1: False Breakdown
1. Price Action: Price breaks below the then rapidly climbs above 0.00050000, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming
Short Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ 0.00055500 by the time price reaches it, and bounce back down.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
AVAXUSDT (AVAX) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- AVAXUSDT brokeout above the bullish flag resistance and had a retest.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the first horizontal resistance level.
TARGETS 🎯
- Second horizontal resistance level.
- Third horizontal resistance level.
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level.
AVAX price in Bull FlagAvax cryptocurrency price in bull flag breakout above 12.5$
Avax is very strong project also good liquidity on the project, eyes on breakout of the bull flag
Bull flag : Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation
Looking to Buy Back Into AltcoinsThe market is definitely at a point where profits are being taken from altcoins that had
significant runs. This is a time to look to buy back in on some good looking fib levels.
Ethereum is currently performing very well, and Bitcoin is very likely to follow suit.
This will further drive down the prices of such altcoins vs. BTC.
We are still within a bull market, so we should be looking for entries that have good
risk to reward ratios.
On AVAX, I believe that the 0.786 of this Fib retracement is a good point. It
coincides with a historically significant price level, and we can expect some type of
bounce from that level. The 0.618 is also a point where we are likely to see a bounce.
Putting in a buy order at the 0.786 is safer, but you can also trade off of the 0.618
and take some profits out of that position immediately if there is a bounce to the 0.50.
AVAX looking bullish*While Bitcoin hitting $25k ATH again, most of altcoins kept rising against USD too.
*But during this time AVAX was falling and retesting the dip and retest was successful
*After resting $2.75 ,AVAX is moving up and will start pumping soon when BTC stops
Targets are $3.55 , $4.1 and $4.5 for now.
Buy zone is below $2.9
Good luck .
AVAXUSDT - bullish chartprecondition:
-Pressure level
-Key level
-Local trend up
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AVAXUSDT - Potential sell entry 🔽AVAXUSDT brokedown below the trendline support.
Price retested the flip trendline resistance + 0.5 fibonacci retracement level.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle support.
Target 🎯 - Support levels.