AVAX/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this AVAX/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report.
AVAX/USD moved to a peak of $16.11 earlier in the day, which comes less than 24 hours after falling to a bottom of $12.41.
Thursday’s spike in price pushed avalanche to its highest point since November 8, when the price was at a peak of $18.15.
Looking at the chart, earlier gains have somewhat eased, with AVAX now trading at $15.18.
This came as the 14-day relative strength index (RSI) failed to break out from resistance at the 80.00 level.
As of writing, the index is now tracking at 69.94, which is still deep in overbought territory.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Avaxlong
AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick AVAX/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
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.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
avax local |$19a ton of fairly good setups out there. continue looking for the high beta plays.
from a macro perspective, if we get this zone as the swing low, avax should run much higher..
but from a local perspective, we think $19 is a conservative 10% target where we'll likely start to see some turbulence.
avax scalp long | tp $26closed all shorts this morning. will look to reopen post bounce.
going to be away from my desk all day, so this is the only chart i'll be posting. I like avax for the bounce here.
strong bounce off eth pair support and held overnight vs usd while everything else dumped.
if we get even the slightest bit of recovery here, avax should be high beta.
$avax target remains $28-30should have stuck with this game plan as avax bounce right at our w4 completion zone.
still targeting $28-30 minimum.
only area i'm concerned about is the ? white box. rejection there would signal another wave down and likely the end of this bull run.
until then, long your longs.
avax vs eth for additional context. think avax outperforms again:
Risky Trade - AVAX LongToday`s trading idea is based on AVAX and going long with strict risk applied to it, and the ability to use leverage to your advantage. This trade might be a bit too risky for some of you , but for those that don't shy away from taking a bit extra on their accounts, it can be a great idea and way to generate a bit extra right before the holiday season in August
Long AVAX/USDT x10
➡️Entry: 23.48
✅Targets: 24.01(50%) - 24.59(25%) - 25.30(25%)
❌SL: 22.99
AVAX - Ready for Triangle Breakout!!AVAXUSDT(4h Chart) Technical analysis
AVAXUSDT(4h Chart) Currently trading at $19.75
Buy level: Buy after Breakout
Stop loss: Below $16.50
Target 1: $22
Target 2: $26
Target 3: $29
Target 4: $33
Target 5: $50
Max Leverage 3x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
AVAX LONGAvax Bounced of the 21$ 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$.