AVAXUSDT
🔥 AVAX 1H Triangle Formation - Short Then Long🔥 AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! 🚀
Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. 📈
✨ Brief Short Opportunity:
On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position.
📉 Entry Point: $22.0
🎯 Target: $18.3
🛑 Stop-Loss: $24.7
✨ Subsequent Long Opportunity:
Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above .
📈 Entry Point: $18.3
🎯 Target: At least $30
🛑 Stop-Loss: $16.5
🔍 Conclusion:
This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.
AVAX AVALANCHE EW countAVAX EW COUNT
momentum looks weak to me, hasn't made impressive move up (compared to many other alt charts). Technical target according to my count should hit $30.00 - $38.00 area as wave 4 retracement, looking at the current move as a minor degree ABC to start a larger degree ABC. The (B) in question relates to current structure and market condition, it could end lower near the lows (as long it remains above the current low), we can count it as the ABC. The other outlook favoring bullish thesis is the move up from (B) is just wave (i). It will all depend on how the markets play out to end April going into May.
We are favoring the bearish sentiment, looking at BTC as possible move up completed but also considering 1 more leg higher left to complete is still possible.
For the moment theres no entry or trade setup. If you bought AVAX at the lows, hopefully you secured some profits by now.
Will update the counts as candles print.
Feel free to share and comment, if you find it helpful please click like to show support.
Thank you & Safe Trading,
Cheers
AVAX's bullrun is nearFrom where I inserted "Start" the big B branch started. Our big B branch seems to be a diametric that has recently been hit by an F wave Only one G wave of this structure remains. I specified "Buy Zone". If you come back to this area, it is a shopping opportunity.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Avalanche (AVAX) Potential Next MilestoneThis morning, AVAX reached a new yearly high at $24.05. Over the past month, the asset has soared by 170%, with its price moving from $16 to $24 in just the last three days.
The likelihood of further growth for Avalanche remains. Potential next targets for buyers might be the resistance levels at $25 and $26.5. However, this will require solidifying its position above the new yearly high of $24.05.
Should a correction occur, the asset could fall to support zones between $20.92 and $22.00, $20.4, and between $17.83 and $18.80. These levels would present favorable buying opportunities on the spot market, especially if the BTC price remains above $35,000. Conversely, a more aggressive correction in BTC could lead to a significantly steeper decline in altcoin prices, potentially erasing many support areas.
AVAX: Resistance BreakoutAvalanche (AVAX) technical analysis:
Trade setup : Price broke above 200-day moving average and above $14.00 resistance, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked above $16.00, $18.30 and most recently $22.00 resistance levels. Price is now very overbought (RSI ~ 80!), hence, near-term, we’re likely to see it pause here on some profit taking, before resuming its Uptrend. Upside potential to $26 and $30 thereafter.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $16.0 (previous resistance), then $14.0. The nearest Resistance Zone is $18.3, then $22.0 and $26.0.
Brief Analysis——AVAXBTC suddenly pumped during the pullback yesterday, with the price approaching 38000 again. While there is no update on the BTC ETF, our research department noticed an increase in the total number of stablecoins in the market yesterday. FOMO interrupts the pullback.
Previously we wrote a brief analysis of SOL and gave a bullish conclusion. SOL was at 30 at that time. It turns out that SOL performed better than most tokens on the market after that. Today we will focus on AVAX. Avalanche, Matic, and Solana have all been cited as Ethereum killers. Even now when L2 is booming, it still occupies a certain market share. In the crypto market, there has sector rotation, and we believe that chain tokens such as AVAX will succeed SOL.
After Coinbase announced the launch of the AVAX perpetual, AVAX began to accelerate, with long green candles accompanied by obvious trading volume. AVAX has updated the year's high. The next resistance level will be at 29. Judging from the strength of this week's rise, bulls take control.
On the MBF indicator, we can see that from September to October, there was frequent dip buying sentiment on AVAX. The wavy area on the ME indicator has switched from yellow to purple. On the WTA indicator, although destructive candles and the blue column representing whales appeared at the same time (shown as the black dotted line), which was a signal of bullish periodic termination, but AVAX quickly repaired the problem in the following days.
At the 4h level we can see it more clearly. We distinguish AVAX's recent rise and fall with two green areas and one red area. Obviously, at the position indicated by the red arrow, the red candle completely covered the previous green candle, the blue whale also disappeared, and the bullish trend was temporarily ended. After a few hours of correction, a second green zone appears, in which the whales are back again. The two green areas are independent of each other and AVAX are now in a healthy state.
To sum up, AVAX is currently in a healthy upward process at both the daily and 4h levels.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
AVAX ANALYSIS🔮 #AVAX Analysis - Breakout 🚀🚀
💲💲 There is a breakout of falling wedge pattern in #AVAX in weekly time frame. $20-$22 is a crucial resistance level and if #AVAX holds this level then we will see the price range of $30 in next target. 🚀🚀
💸Current Price -- $20
📈Target Price -- $30
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#AVAX #Cryptocurrency #Breakout #DYOR
🔥AVAX HODLERS IN 90% LOSS! IS THIS A BIG CHANCE FOR WHALES❓The AVAX holders are in a huge loss since highs, so I think the updating the low at $9.3 will be the last stage of final capitulation where we will have the huge opportunity to add this altcoin in our portfolio.
Huge gree area should become the resistance, but it will become a huge support after the breakout of the price.
This is worth nothing for crypto market to turn $3.5M cap altcoin into $10M cap.
💥 is it worth to add to your watchlist? Yes, definitely.
Like♥️ and follow!
AVAX/USDT Perfect Break from the resistance. Need retesting!!💎 AVAX has unquestionably attracted significant market attention. It executed a flawless breakout from the resistance area, characterized by substantial volume and a robust green bullish candle. However, on the daily timeframe, AVAX is yet to undergo the retesting phase at the support level, which previously served as the resistance area. There's a probability scenario where AVAX engages in a retesting phase at the support before resuming its upward trajectory toward the formidable supply area, representing our target zone.
💎 Yet, there's a possibility that AVAX might skip the support retesting phase at $15.70 and directly ascend to the potent supply area, encountering a formidable bearish rejection that triggers a downward movement towards the support level.
💎 In the event that AVAX eventually reaches the support level and undergoes a breakdown, there remains a chance for a reversal. A successful bounce from the demand area at $12.30 could pave the way for AVAX to reclaim the support level at $15.70.
💎 The unfavorable scenario unfolds if, during the retesting at the demand, AVAX struggles to sustain its position and breaches the demand area. In such a scenario, AVAX would revert to a bearish movement, potentially retracing to the key demand area.
AVAXUSDT.1DBased on the provided market data, AVAX (Avalanche) is currently trading at $17.95 against USDT. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 78.40, 93.36, and 65.58, respectively. The Moving Average Convergence Divergence (MACD) for the same periods are 1.32, 1.40, and -0.83.
RSI values above 70 typically indicate that the asset may be overbought, suggesting a potential price correction could occur in the near future. The high RSI values on the 4-hour and 1-day charts suggest that AVAX is currently overbought and could be due for a correction.
The MACD values for the 4-hour and 1-day charts are positive, indicating bullish momentum. However, the negative MACD for the 7-day chart suggests a bearish trend in the longer term.
The Bollinger Bands (Bb) for the 4-hour, 1-day, and 7-day charts are 19.15, 17.62, and 18.0. The current price is above the Bb for the 1-day chart, which along with the high RSI, could indicate overbuying and a potential price correction.
In terms of support and resistance levels, AVAX has support at $15.20, $12.46, and $11.10 for the 4-hour chart, and resistance at $19.15, $22.34, and $23.00. For the 1-day chart, the support levels are $12.46, $8.81, and $8.37, with resistance at $22.36, $24.13, and $30.90. The 7-day chart shows support at $11.76, $10.50, and $7.60, and resistance at $23.00, $30.00, and $35.80.
Based on the above analysis, while there is short-term bullish momentum, the high RSI values suggest a correction might be imminent. The long-term trend, as indicated by the 7-day MACD, is bearish. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops.
Please note that this analysis is based on the current market data and does not take into account unforeseen future market events. Always do your own research and consider your financial situation before making investment decisions.
AVAX Avalanche Buy AreaLooking at the chart, in my opinion, the buy area for AVAX between $7.20 and $10.40 presents a great potential entry opportunity for long term investors.
This range provides a relatively wide margin for investors to consider entering a position in AVAX.
AVAX, the native token of the Avalanche blockchain platform, has shown promising growth and adoption in recent times.
The lower end of the buy area, around $7.20, could be seen as a more attractive entry point for those seeking a potentially lower risk position. On the other hand, the upper end of the range, around $10.40, may offer a higher potential reward for investors willing to take on more risk.
Looking forward to read your opinion about it!
AVAX Rockets to New Heights! Get Ready to Ride the Bullish Wave
I witnessed Avalanche (AVAX) make a stunning 15% pump, propelling it towards its next resistance level of 0.34. Brace yourself, my friend, because AVAX is about to take off like never before!
AVAX has been on a remarkable journey lately, defying expectations and gaining significant momentum. The recent 15% surge has brought it tantalizingly close to breaking through the 0.34 resistance level, marking a potential turning point for this incredible cryptocurrency. This is not just a random spike, but rather a clear indication of the bullish wave that is building up behind AVAX.
Now, you might be wondering, "How can I ride this wave and make the most of this opportunity?" Well, my friend, it's time to consider taking a long position on AVAX. By going long, you can potentially capitalize on its upward trajectory and reap the rewards of its anticipated surge. The market sentiment is overwhelmingly positive, and AVAX's technical indicators are aligning perfectly to support this exciting rally.
Here's your call-to-action: Don't miss out on this golden opportunity to maximize your gains! Seize the moment and consider opening a long position on AVAX today. Take advantage of the current bullish sentiment and position yourself for potential profits as AVAX confidently smashes through the 0.34 resistance level.
Remember, timing is crucial in the crypto market, and AVAX's journey is just getting started. By taking a long position now, you position yourself ahead of the curve, ready to ride the wave as AVAX surges to new heights.
So, my friend, buckle up and join the AVAX revolution! Let's ride this bullish wave together and make the most of this exciting opportunity. Your potential for profit awaits!
Should you have any questions or need assistance in executing your trade, feel free to reach out by commenting below. I'm here to help you navigate this thrilling journey and ensure you make the most informed decisions.
Wishing you an exhilarating and prosperous trading experience!
AVAX ANALYSIS (12H TF)AVAX has been bullish for several days. By examining the waves, we found that AVAX is inside a complex pattern. In fact, AVAX is inside a large diametric, which is now inside wave E of this diametric. The E wave itself has rewrapped and formed a diametric that we are now inside the f wave of this diametric. In the red area, we expect the f wave from E to end and enter the g wave from E. In the following, we also specified the possible fluctuations.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AVAX Under ☁️ Skies: Is it Time to Sell? Bullish sun ☀️ shines over most of the global crypto market, indicating a continued upward trend in the coming 24 hours. Cloudier ☁️ bearish trading conditions linger over Ripple’s XRP, Avalanche, and Binance Coin, signaling a downward trend, ATTMO shows.
Over a one-week horizon, the bullish sun ☀️ will continue to dominate the crypto universe, though Litecoin and XRP may face cloudier 🌥️ conditions and a downward trend.
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AVAX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this AVAX/USDT update from Crypto Sanders.
Chart Analysis:- Avalanche (AVAX) made sizable gains to start the week, moving by as much as 6% higher during the day.
AVAX/USD peaked at 11.60 on Monday, which comes less than 24 hours after falling to a bottom at 10.92.
This has resulted in the avalanche rising to its strongest point since October 7, when the price last surpassed a ceiling at 11.70.
Earlier gains have marginally faded, with AVAX now sitting at 11.57, and this comes as the RSI hit a ceiling at 70.00.
Price strength is now hovering at 69.40, however, bulls will likely look to break this mark and force a move above 70.00 in the coming days.
I have tried to bring the best possible results in this chart.
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