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Avaxlong

$AVAXUSDT: Bullish Breakout Ahead!CRYPTOCAP:AVAX has broken out of a long-term downtrend channel and is now forming a symmetrical triangle. With exciting news like the Avalanche CRYPTOCAP:AVAX Visa Card launch for crypto payments, we’re expecting a breakout from this triangle that could lead to a significant upward move. Overall, the outlook is bullish—let's see where it goes! BINANCE:AVAXUSDT Currently trading at $27.6 Buy level: Above $27.5 Stop loss: Below $23.5 TP1: $30 TP2: $35 TP3: $40 TP4: $50 TP5: $65 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
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. --- 🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀 Please boost and 💬 comment to share your thoughts with us!
Long
by ahmadarz
2
#AVAX/USDT#AVAX The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside. We have a bounce from a major support area in green at 24.00 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 27.00 The first target is 30.35 Second goal 32.33 Third goal 34.71
Long
by CryptoAnalystSignal
AVAX → Avalanche Falls to $22! Heading Back to $50?Since my May 18th update, AVAX has fallen into a pullback, as expected. We found resistance at $41.80, took half profits, and then pulled back in two strong legs. Should we be bearish or bullish on Avalanche? How do we trade this? 🤔 As expected, AVAX found resistance at the 2021/2022 resistance area of $60.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us near Push #1 support at around $25.00. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $25.00. I would not enter a long yet unless you're fading into your total position size. What we need now is two or three tests of the Push #1 support area between $23.00 and $25.00, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in AVAX. A final point of data is the RSI low and below the moving average of around 42.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us. 💡 Trade Idea 💡 Long Entry: $27.00 🟥 Stop Loss: $21.33 ✅ Take Profit #1: $32.70 ✅ Take Profit #2: $44.00 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Three legs up into a resistance zone after a breakout 2. Head and Shoulders reversal pattern 3. Two-legged pullback to Push #1 Support 4. Wait for a double-bottom followed by a strong signal and confirmation candles 5. RSI at 42.00 and below the moving average. Supports waiting for a long entry. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
3
Avalanche (AVAX) Rises: Can It Break Thru $30?Avalanche (AVAX), a prominent smart contracts platform, is currently experiencing a surge in price. As of July 1, 2024, AVAX is trading confidently above the $28.65 resistance level, hinting at a potential breakout. This article delves into the recent AVAX price rally, explores the technical analysis behind it, and examines whether AVAX can conquer the critical $30 resistance zone. A Bullish Breeze for AVAX The ongoing AVAX price rally offers a sigh of relief for investors after a period of price stability. The current movement signifies positive momentum, with AVAX climbing steadily from its $27.40 support level. This upward trend is further bolstered by the fact that AVAX is currently trading above both the $28.65 resistance level and the 100-hourly simple moving average (SMA). Technical Indicators Paint a Breakout Picture Technical analysis is a valuable tool for understanding price movements and predicting future trends. In the case of AVAX, a crucial technical indicator is the recent break above the declining channel with resistance at $28.40 on the hourly chart. This breakout suggests a shift in momentum, potentially paving the way for a further price increase. The $30 Hurdle: A Crucial Test While the current trend is undoubtedly positive, a significant hurdle awaits AVAX at the $30 resistance zone. A decisive break above $30 would be a strong bullish signal, indicating continued upward momentum. If achieved, this breakout could lead to further price appreciation, with potential targets around $32.50 or even $34.00. Support Levels: A Safety Net It's crucial to remember that the cryptocurrency market is inherently volatile. Even in a bullish scenario, there's always the possibility of price corrections. For AVAX, the $29.35 and $28.65 levels act as critical support zones. If the price fails to surpass $30, these support levels can prevent a significant decline. Additionally, the 50% Fibonacci retracement level of the upward move from $27.37 to $29.95 provides another layer of support around $28.65. A drop below $28.65 could lead to a slide towards the $28.00 level and the 100 SMA (4 hours). The $27.40 zone would be the next important support to watch in case of a deeper correction. MACD and RSI: Bullish Whispers Beyond price action, other technical indicators offer valuable insights. The Moving Average Convergence Divergence (MACD) indicator for AVAX/USD is currently climbing in positive territory. This suggests increasing bullish momentum. Additionally, the Hourly Relative Strength Index (RSI) is hovering above 50, indicating that the market is neither overbought nor oversold. This neutral RSI reading implies that there's still room for the price to rise before a potential correction. Looking Ahead: A Promising Future for AVAX The current price rally for AVAX is a positive development, with technical indicators suggesting a potential breakout above the $30 resistance level. If achieved, this breakout could lead to further gains. However, investors should exercise caution and be aware of the crucial support zones at $29.35 and $28.65. Monitoring the MACD and RSI indicators can also provide valuable insights into the ongoing price trend. Overall, the outlook for AVAX appears promising, and a break above $30 would be a significant bullish signal for the cryptocurrency. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
Long
by bryandowningqln
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 Analysis: Entry into Main Trend and Peak ExpectationAVAX is currently entering the main trend in the middle. If this is successful, I expect a strong peak after the second half of June. I want to highlight two important dates: June 21 and August 5. As seen in the chart, AVAX is moving within a strong upward trend. Currently trading at 40.500, I foresee the possibility of AVAX moving towards the 148.000 levels. Closures above this level may indicate the continuation of the trend and pave the way for new peaks. Key Levels to Watch: June 21, 2024: I expect significant price movement on this date. It is likely that the trend entry will be confirmed and the upward momentum will gain speed. August 5, 2024: During this period, a strong move towards the peak could occur. If AVAX successfully enters this trend, we may see much higher levels in the remainder of the year. However, it is important to manage risks well and diversify your portfolio when investing. Disclaimer: This analysis is not intended as investment advice. You should make your investment decisions based on your own research. As cryptocurrency markets are highly volatile, always be cautious and prioritize risk management. The responsibility for investments made based on this analysis lies entirely with the investor. Invest smart, stay safe. Atilla Yurtseven
Long
by AtillaYurtseven
AVAX → Avalanche Falls to $30! Heading Back to $50?AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up? How do we trade this? 🤔 We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. We tested the 30EMA as resistance followed by a strong bear bar closing on or near its low on April 9th. That was our confirmation to enter the short down to $27, we took profits just north of $30 where the run ended. This completed a two-legged pullback, which is a signal that the price may want to re-test $50 and beyond. We've had several attempts to break that low since and found ourselves in a nice trading range. The longer a trading range continues, the greater the chance the price will reverse direction from the price action to the left of the range. With Bitcoin in a nice pullback and seeming to want another run for $74,000, AVAX is likely to follow toward the upside. Wait for a strong bull candle to close on or near its high at this level, then enter a 1:2 Risk/Reward trade, taking half profits at 1:1 R/R ($42.000). Move the stop loss up to the entry price and swing the latter half of the position to $49.00, just before the left resistance area. 💡 Trade Idea 💡 Long Entry: $35.00 🟥 Stop Loss: $28.00 ✅ Take Profit #1: $42.00 ✅ Take Profit #2: $49.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up into a bull trend. 2. Price has made contact with a 2021 resistance area. 3. Strong sell signal pushing below the Daily 30EMA 4. Two-legged pullback from bull run, price has run sideways for an extended time, look for long entry. 5. RSI at 40.00 and on the Moving Average, supports long bias. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
Avax Premium SignalAlright, folks, check this out. I've got a premium signal straight from the consulting chatroom where we've been hashing things out. Our analysts are in on the juicy stuff, only dealing with insider info from the big players like market makers and whales. Forget about all that technical analysis mumbo jumbo when the heavy hitters are making moves. This deal's set to hit its targets in the next few weeks. None of that trend line or Fibonacci nonsense here. Our endgame? Making bank, plain and simple. And let me tell you, these free signals ain't gonna come around often. Use your noggin, do your own research, and make your moves wisely, alright?
Long
by HedonistTrade
AVAXUSDT Next Target $100AVAXUSDT broke through its resistance and is now aiming for $100. Traders are excited about the surge and expect it to keep going up. With this momentum, AVAXUSDT could soon hit its target, making a big move.Despite AVAXUSDT’s upward push towards $100, it’s essential to maintain a stop loss strategy. AVAXUSDT (1D Chart) Technical analysis AVAXUSDT (1D Chart) Currently trading at $61 Buy level: Above $58 Stop loss: Below $47 TP1: $70 TP2: $80 TP3: $90 TP4: $100 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
AVAX LONG Future ForecastHello friends, With Bitcoin breaking its all-time high, we are on the verge of entering a mega bull season. While Bitcoin has led the bull run so far, and although the altcoin market has shown some upward movement, it's premature to say that the altcoins' rally has begun. I believe the real surge for altcoins will start from today onwards. AVAX, which has shown strong performance even during the pre-ATH bull season, I anticipate will continue its performance more efficiently in the coming days. Looking at the situation technically, in the short term, we are within a cup and handle formation, and we have reached our initial target of (50.03$). If we break the target resistance, the RSI on the 4-hour and daily charts will turn into overbought territory from the 70 levels, and according to the formation, our next target will be 59.20$, triggering overbought conditions on the daily chart and initiating a new daily uptrend wave. Easily, we will reach our current resistance levels (79.91$, 99.42$, 127.38$) and then ATH (148$) levels. Stay tuned for more gains, my friends! Wishing you all profitable trades.
Long
by KriptoTraderr
1
AVAX → Avalanche Pullback Complete? Long to $50 or Higher!AVAX ran three pushes up in a bull channel just shy of the 2022 Resistance area topping out at $50. That was followed by a pullback and a strong bull signal. Is it time to long? How do we trade this? 🤔 A long entry is close to being justified! Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $50 (psychological number because it's even) just below the 2022 resistance price of $53.25, followed by three pushes down in a micro-bear channel, the final push of the bear channel ended in a strong bull signal bar, and we have a good bull bar close on the third after the signal bar. What we need now is a strong bill close above the 30EMA. A desirable data point would be a re-test of the micro-bear channel resistance as support to add probability to our long. However, I do not believe this is required to justify a long entry. I believe we need to be conservative longing at this stage in the crypto market, which is why I only advocate for a 1:1 scalp at a lower than maximum position size allowed for your trading strategy. I think Bitcoin and Ethereum have a larger pullback on the horizon, but do believe the market will come up a bit before it goes down. 💡 Trade Idea 💡 Long Entry: $34.90 🟥 Stop Loss: $23.90 ✅ Take Profit: $45.90 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three pushes up in a bull channel ending at 2022 Resistance. 2. Micro Bear Channel forms with three pushes down. 3. Strong bull signal buy bar on the third push. 4. Wait for a close above the Daily 30EMA to enter a long position. 5. RSI at 46.00 and above the Moving Average, supports long bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
AVAX → Avalanche Making Another Attempt to Break $50? Yes!AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade? How do we trade this? 🤔 The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 15% away from the Support zone with plenty of runway before hitting the previous high at $49.85. These are optimal conditions for a long trade. Take half profits at 1:1 Risk/Reward, a price target of $39.50, then move the stop loss up to the entry price to lock in profits for the second take profit. This eliminates initial risk and allows the second half of the trade to be executed without the fear of loss. 💡 Trade Idea 💡 Long Entry: $34.50 🟥 Stop Loss: $29.50 ✅ Take Profit #1: $39.50 ✅ Take Profit #2: $44.50 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes down in the pullback from $49.85 2. Three failed attempts to break a new low in the trading range 3. 15% away from the Support Zone and 37% away from the previous high of $49.85 4. RSI at 48.00 and above the moving average which are ideal conditions for a long 5. Bitcoin showing signs of a move toward the previous high 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1