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AVAXUSDT

AVAX: Approaching ResistanceTrade setup : Price is in an uptrend. Following a bullish break above $43 key level, price has reached our near-term target of $50 for a +15% gain. This is where price got rejected in late 2023, which makes it a significant resistance level. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $50 to signal continuation of uptrend, with + 30% upside potential to $65 next, or 2) pull back near $43 support for another swing trade entry in Uptrend with +15% upside potential back to $50. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $40 - $43, which it broke, then $50 and $65.
Long
by altFINS
AVAX LONG Future ForecastHello friends, With Bitcoin breaking its all-time high, we are on the verge of entering a mega bull season. While Bitcoin has led the bull run so far, and although the altcoin market has shown some upward movement, it's premature to say that the altcoins' rally has begun. I believe the real surge for altcoins will start from today onwards. AVAX, which has shown strong performance even during the pre-ATH bull season, I anticipate will continue its performance more efficiently in the coming days. Looking at the situation technically, in the short term, we are within a cup and handle formation, and we have reached our initial target of (50.03$). 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 ABC Correction PlaybookAVAXUSDT has recently encountered a formidable psychological barrier at $50, coinciding precisely with the 661.8% Fibonacci retracement level. This alignment presents an opportune profit-taking level for buyers, suggesting a potential shift in market sentiment. Traders could be inclined to initiate short positions on AVAX, possibly giving rise to an ABC corrective pattern in line with the Elliott Wave theory. The critical factor to monitor is the adherence to the $50 level. As long as this psychological resistance holds, it signals a preparation for a robust C-Wave down, indicative of a corrective move in the broader market. Staying vigilant around this key level will provide insights into potential developments and opportunities in AVAXUSDT's price action.
Short
by CryptoPAMM
Ascending Reversal PatternOn the weekly timeframe the support area marked by the blue box plays a key role in supporting the price and initiating a growth phase. After the price approached this support area, we witnessed a positive market reaction and the start of an upward trend. During this uptrend, the price reached the orange-colored resistance box, which had been previously identified as a major obstacle to price growth. However, the market managed to break through this resistance level and move beyond it. The formation of bearish candles on the chart, indicating a correction and pullback to the broken level, is considered a natural part of the upward trend cycles. This pullback serves not only as a correction phase but also as a setup for the formation of an ascending reversal pattern. With the completion of the pullback and the emergence of signs of an ascending reversal pattern, it is anticipated that the AVAX price in this timeframe will experience significant growth. The price is expected to move towards the next resistance area, previously set as the next target Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
TOP 50 CRYPTO BREAKDOWN - Where In The Wave D Are We???At our cryptotrading hub, we're all about maximizing profits while minimizing time investment. Hence, I've devised a novel strategy. Why not classify cryptocurrencies according to the progress of their corrective patterns? As one movement concludes, another begins, enabling us to swiftly transition to new crypto trades, rinse, and repeat. This approach capitalizes on a unique opportunity we're currently experiencing. We've barely scratched the surface; there's a whole realm to explore, including gaming coins and potentially other metrics for further filtering based on additional criteria. Let's embark on this journey now.
by AriasWave
5
AVAXUSDT ANALYSIS 1H You seem to want to conduct a technical analysis of the AVAX/USDT trading pair. Here's an interpretation based on the information you provided: Critical Resistance Zone: You've identified a significant resistance zone between 39 USDT and 39.7 USDT. This suggests that the price is struggling to break above this range, indicating potential selling pressure in this zone. Sell Position: You propose taking a sell position in this zone, indicating an anticipation of a potential price decline from the identified resistance. Risk-Reward Ratio (RR): You mention a risk-reward ratio of 1:4. This implies that your profit target is four times larger than your stop loss level—a common approach for better risk management. Stop Loss and Gain Levels: You suggest placing the stop loss at 40 USDT, slightly above the resistance zone, and setting the gain at 35.8 USDT, based on supply and demand zones. Supply and Demand Analysis: Your approach is grounded in the theory of supply and demand, considering areas where supply and demand are likely to interact. It's crucial to note that trading always involves risks, and market movements can be unpredictable. It's recommended to exercise caution and conduct thorough research before making trading decisions. Additionally, keep in mind that financial information is subject to rapid changes, and staying informed about real-time market developments is essential.
Short
by CRYPTO_SETUP
🏔️📈 AVAX - Support and Potential Entry Points! 🚀💰🔍 Current Situation: Support Found: AVAX has identified local support at $34.74. Price Movement: The price is gradually advancing toward $42.30. 🚨 Contingency Plan: Next Major Support: If the current level is lost, the next substantial support lies at $28. 📊 Trading Strategy: Laddering In: It's considered safe to ladder into positions as long as AVAX maintains and constructs structure at $35.27. 📢 Note: Always stay vigilant about market conditions and adjust your strategies accordingly. Keep an eye on broader trends and potential scenarios. 🏔️📈 #AVAX #CryptoTrading #SupportEntry 🚀💰
Long
by Richtv_official
AVAX WEEKLYBullish on AVAX/USDT / Weekly Chart. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing.
by CryptoTrend-Alerts
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