AVAXUSD ❕ declineAfter the double top, the chart started to form a downtrend.
RSI went below 50 points.
AVAX broke below the 50EMA on the 4H TF.
I think the asset will continue to decline.
AVAXUSD
AVAXUSDT at 4h support, likely to head towards 14The price the weekly resistance WR1 and got rejected from there. This rejection led the price to hit 4h support 4HS1. This support seems to be good one for a bounce and attempt to the weekly resistance again. Therefore, a long seems to be favorable from this level to price zone around 14. However, in case this support is lost, the daily support DS1 is another level where the price will find the support and a bounce will be favorable for the long trade towards the zone where currently 4h support 4HS1 lies.
AVAXUSD Crossed over the MA50 (1d). Buy signal.AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th.
Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 19.1500 (Fibonacci 0.786).
2. 21.5000 (Resistance 3).
Tips:
1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone.
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The 12.40-17.15 section is the buy sectionHello?
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(AVAXUSDT chart)
Looking at the 1M chart,
A rise above 17.70 is expected to sustain the price before a full-fledged uptrend begins.
Looking at the 1W chart,
Currently, it is located in the section formed by the HA-Low indicator on the 1W chart.
Therefore, the key is whether it can rise with support in the current section.
However, since the HA-High indicator on the 1W chart is located nearby, it is not easy to actually buy.
The reason is that the resistance zones are so close together.
If the HA-Low and HA-High indicators are close together, you can see that they are converging as you can see by looking at the Bollinger bands.
Therefore, in this case, it is necessary to check whether it is supported or resisted in the section consisting of the HA-Low and HA-High indicators, and it corresponds to the buying section.
An upward breakout of the 19.73-23.96 zone is expected to release the converged forces.
To put the above 1M chart description and 1W chart description together,
If support is found at 17.70 on the 1W chart's HA-High indicator, it can be said that the uptrend is expected to begin.
Looking at the 1D chart,
The support and resistance points of the 1M, 1W, and 1D charts are combined in order of importance.
Therefore, many lines are drawn.
The interval of the HA-Low indicator on the 1W chart is the range of 12.40-13.83.
Therefore, if the price rises from support in this zone, it is more likely to break out of the downtrend line and continue the uptrend.
Accordingly, the key is whether the price maintains the price by rising above 13.83 based on the volatility period around July 15th.
If this is not the case and it declines, you should check for support near the HA-Low indicator on the 1D chart. (11.56-11.80)
The 14.99-17.15 section consists of the HA-High indicator on the 1W chart.
Therefore, it is expected that the price will turn into an uptrend only when it breaks above this section.
As I mentioned earlier, it is expected that a full-fledged uptrend will begin when the upward break of the 17.15-17.70 section and the 19.16-19.73 section.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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AVAX Avalanche Double BottomAVAX (Avalanche) has shown a promising chart pattern with the formation of a double bottom, indicating a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, and a shift towards upward momentum may be on the horizon.
With the double bottom formation in place, AVAX has the potential to rally, and the first price target of $17 seems achievable. As the market sentiment improves and buying pressure increases, AVAX could experience a notable price appreciation.
Looking forward to read your opinion about it!
AVAXUSD ❕ uptrendAVAX has broken through 50EMA on the 4H TF.
RSI in the buy zone on 4H TF.
50EMA broke up 200EMA on 1H TF.
The asset will continue to rise if it holds support.
AVAXUSD ❕ correctionTD Sequential has formed a down reversal signal (4H TF)
RSI is moving into overbought area (4H TF)
Trading volumes declined.
The price chart and RSI form a bearish divergence on the 1H Timeframe.
I believe that AVAX will correct after overcoming the support.
Avalanche to tumble southward as the downtrend persistsThe daily and 4-hour price charts of Avalanche showed the bears were highly likely to drive prices lower, especially after the move below $13.88 on 5 June.
The higher timeframe charts showed that the mid-April rally failed to break key highs.
This was followed by a downtrend in May, but the $13.8 area posed some opposition to the sellers.
Avalanche had a bearish bias on the price charts. It is the fifth largest blockchain in terms of TVL but its DeFi activity stagnated in recent months. In other news, SushiSwap announced the launch of their v3 suite of products on Avalanche.
The price action presented short sellers with an opportunity. The structure was bearish, but the volatility has been high over the past 48 hours despite seller dominance. If the prices fall beneath $13.5, it would represent a continuation of the downtrend.
The market structure was bearish on the daily timeframe, and a downtrend was in progress. The 4-hour chart also showed a downtrend in progress. In May, the price formed a series of lower highs and lower lows.
The $13.88 level served as support, but AVAX still formed a low at $13.71 on 25 May. On 5 June, the price fell to $13.48, showing that bears remained dominant. Despite the bounce to $14.6 on 7 June, the market structure remained bearish.
Monday’s move was used to plot a set of Fibonacci retracement levels (pale yellow). It showed the 78.6% retracement level at $14.62, which explained the inability of the bulls to drive prices higher. Having established the bearish character of the market, a short trade can be entered upon a retest of the 50% retracement level at $14.21.
The 23.6% and 61.8% Fibonacci extension levels at $13.14 and $12.58 can be used to book profits. A move by AVAX above $14.93 would invalidate this idea as it represents a key short-term lower high.
It has been noted that the prices bounced to the $14.62 level on Wednesday. Despite that, the spot CVD continued to decline. Over the past 24 hours, the metric was flat, this showed buyers were in the minority and selling pressure was overwhelming.
The Open Interest picked up a little, amounting to close to $10 million. However, when AVAX faced rejection at $14.6, the open interest dropped further. This development hinted at discouraged bulls. Overall, the bearish sentiment was prevalent both on the low and high timeframes.
AVAXUSD ❕ low volumeAVAX tried to rebound, but trading volumes on the rebound immediately noticeably decreased.
I believe that the asset will again move to the decline after fixing under the resistance level.
AVAX ROADMAPIf price can stay above 14$ than next step will be 16$ around.
If price can not stay above 14$ than we can see 11$-12$ levels.
Take your risk, make some profit !
AVAX: UPTREND VIEWAVAX also showed an interesting view last time with entering the new uptrend pattern.
We will follow the coming-to-time AVAX to see if it can build new uptrends.
$30 USD seems an important level where AVAX can gain.
AVAXUSD ❕ fixed above the channelAVAX broke through 50EMA on the 4H TF and fixed above 200EMA on the 1H TF.
The asset has successfully fixed above the descending channel.
I believe that the chart will continue the upward movement after overcoming the current resistance level.
avaxusdt are you rdy ?🧨😉Avax currency
First, I must say that there should be a downward trend until the target of $10.79. The short trend for this currency is up to this target.
The upward trend for this currency has two attractive targets and the entry is $10.79, then the targets it will see will be $21.34 and the doom target will be $30.49.
All analyzes are done with the knowledge of banking transactions.
AVAXUSD ❕ downward channelAVAX is moving in a downward channel.
The price is moving from the upper boundary of the channel.
Indicators have not formed any reversal patterns.
I believe that the asset will continue to decline.
AVAX, finally long?It finally looks like a breakout and retested, so we'll see, there's no place for failure, if there is fail then stop loss
Avalanche AVAX to 19.99$ ?👑 #AVAX/USDT BUY 👑
Entry:
14.60✅
Targets:
1️⃣15.89🎯
2️⃣16.96🎯
3️⃣17.84🎯
4️⃣18.73🎯
5️⃣19.99🎯
$AXAX spotcallI would likely buy it under 10.70 and 9.36. It seems like its going to complete the double tops
AVAX Elliott wave Daily countAVAX is trading now into an important support zone.
If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again.
All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to complete a WXY complex correction and than to go up maybe for a wave 3.
If you have questions feel free to ask, also I want to see your thoughts about AVAX.
Good luck and hit the like button if you like my analysis and follow me for future count updates!
AVAXUSD ❕ under a liquidityAVAX has reached the upper limit of the channel.
The asset is moving under liquidity.
I believe that the price will correct after holding in the channel.
Avalanche: Gardener 🌷🌹🌼🌻The weather is getting better and the ones who can prepare their garden for the incipient new season of barbecuing, sunbathing, harvesting or just savoring nature. In its green garden between $16.67 and $11.77, Avalanche still has got some work to be done as well and should advance a bit deeper to finish wave ii in orange. Ideally, our crypto gardener should turn upwards near the 100.00%-retracement at $13.64, heading for the resistance at $21.81. To develop wave iii in orange, Avalanche should then climb above this mark, which should provide the altcoin with further upwards momentum.
AVAXUSD ❕ reboundAVAX has fixed above 50EMA (1H TF)
50EMA broke above 200EMA (30m TF)
The asset may continue to rise after consolidating above the resistance level.
Avalanche AVAX price preparing for a new wave of growth ?It is very likely that the AVAXUSDT price is now completing a correctional wave (2)
Critical support below which the AVAX price should not fall is $13.90-16
If this is the case, then the Avalanche token holders will face a (3) growth wave ahead.
The targets for growth in this wave are currently "smeared" at 37-50$
If this asset is interesting to you, then be active in the comments, we will see them and make more ideas for AVAXUSD as the price grows
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AVAXUSD ❕ fixed above the rangeAVAX has fixed above 200EMA on 1H TF.
TD Sequential formed an up reversal signal on the 1H TF.
The asset will continue to rebound.
