AVAXUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry zone: 8 - 6.5$
Targets: 12 - 16 - 22
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
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AVAXUSDT
AVAX Bullish Cup and Handle 🚀🚀🚀Bouncing Back:
AVAX recently faced a formidable resistance zone that tested its mettle. However, instead of succumbing to the pressure, it resiliently rebounded, signaling strong buying interest in the market. 📊
The Cup and Handle Formation:
What's catching the attention of traders and analysts is the unmistakable Cup and Handle pattern taking shape. This pattern typically consists of a rounded bottom (the cup) followed by a consolidation period (the handle) before a potential breakout. In this case, it's a bullish signal. 🏆🚀
Why It Matters:
Cup and Handle patterns are often seen as bullish continuation patterns. The breakout from the handle portion indicates a potential price surge, making it an enticing prospect for traders and investors. 📈
Trading Strategy:
Confirmation: While the pattern looks promising, it's vital to wait for a clear breakout from the handle before considering entry positions.
Risk Management: Use risk management strategies, like setting stop-loss orders, to safeguard your investments.
Fundamental Analysis: Keep an eye on AVAX's fundamentals and any news that could impact its price.
Conclusion:
The crypto market is full of opportunities, and AVAX's Cup and Handle pattern is one of the compelling stories unfolding right now. However, it's essential to approach trading with diligence and caution.
The bullish signal provided by this pattern can be exciting, but remember that markets can be unpredictable. Stay informed, stay patient, and adapt your strategy as needed.
As the saying goes, "fortune favors the bold," so seize the opportunity but do so wisely.
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AVAX/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this AVAX/USDT 1DAY chart update by CRYPTOSANDERS.
CHART ANALYSIS:-Avalanche (AVAX) was a big mover on Friday, as the cryptocurrency rose by as much as 7% during the day.
Following a low of 9.85 on Thursday, AVAX/USD rose to a peak of 10.80 earlier in today’s session.
The move pushed the avalanche to its highest level since August 29, past a key price ceiling of 10.00 in the process.
the relative strength index (RSI) also escaped a resistance level of its own at 65.00.
price strength now resides at 68.54, which is its highest point since mid-April this year.
The next target for current buyers will likely be 11.00, however with the price now overbought, a reversal could also be on the cards.
This is not a piece of financial advice.
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Brief Analysis——AVAXAVAX, the token of the blockchain Avalanche, has performed better than many other tokens in recent times. The maximum rise is 20% from the low on September 25. But AVAX's upward trend may be coming to an end in the near future.
Stars Arena, a copycat of friend.tech on Avalanche, is live starting September 27th. As Stars Arena TVL increases, The utility of AVAX has been improved in disguise. Based on the supply and demand relationship, the slope of AVAX's increase gradually becomes steeper. But not long ago, our research learned that Stars Arena was attacked, directly losing almost all TVL, and the loss in US dollars was close to 3 millions. This is undoubtedly a major blow to Stars Arena or Avalanche.
Back to our technical analysis, on the daily level, we can see that AVAX has maintained falling with fluctuation for most of 2023. It started rising on Sep.25 On the way up the slope steepens and trading volume increases. As can be seen from the WTA indicator, during the phase of increasing slope, the inflow of whales begins to increase significantly. So far, no whales have disappeared, which is a good situation. It can be seen from the MBF indicator that before the rebound, the bottom-buying sentiment gradually increased.
Switching to the 4h level, we can see that the long upper pin-bar has been formed (this has not yet been determined at the daily level), and significant trading volume has appeared. From the WTA indicator we see a familiar pattern. The whale disappeared in the black rectangle and reappeared as AVAX stopped rising and began to callback. The whale made an urgent departure. We didn't correlate the whale's behavior with the attack on Stars Arena, but the situation now is not good. There is a possibility that AVAX’s rise may be ended.
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/USDT Break the Key area, Bullish Momentum for Avax ???💎 Paradisers, AVAX has undeniably made waves with its stellar rally post breaking out of the descending channel and touching the supply zone.
💎 On its initial attempt, AVAX faced a setback from the supply zone, retracing to a robust support level. However, with resilience, AVAX surged again, turning the supply into a demand zone.
💎 Currently, AVAX is facing hurdles at the resistance zone, and there's a likelihood of it retracing to the demand zone for a retest before making another push towards the resistance. Should it conquer the resistance, the path to the Bearish OB zone seems clear.
💎 Conversely, if AVAX struggles to hold onto the demand zone and breaks below, it might set its sights on the strong, and possibly even the crucial, support zones.
Technical and Fundamental TailwindsAvalanche (AVAX) has been gaining traction in the crypto sphere, with its price showing a bullish trend recently. As of October 6, 2023, the price of AVAX is $10.61. The crypto asset has seen a remarkable price surge of 7% and 10.41% in the recent past, making it a top performer among major cryptocurrencies. Several analyses suggest that the upward momentum will likely continue, propelled by technical and fundamental factors.
On the technical front, AVAX is showing signs of consolidating in a flag formation, which is often seen as a bullish indicator. The bulls are making efforts to push the price above the upper boundary of this channel, which could lead to further upside. Moreover, recent trading activities have seen AVAX rebounding from the $8.6 support zone and challenging the resistance at $10, with the latter being a crucial level for the asset to sustain its bullish momentum. The market sentiment has been turning bullish, with the asset overcoming a notable resistance trendline and targeting levels beyond the $10 value area.
On the fundamental side, the launch of StarsArena, a crypto-based social media application, has been mentioned as a potential catalyst for AVAX's price movement, indicating a positive ecosystem development. Also, the broader market sentiment, often influenced by Bitcoin's performance, has been a supporting factor for AVAX's price trends.
Most Probable Scenario:
The most probable scenario for AVAX would be continuing the bullish trend, targeting new highs. The critical support and resistance levels to watch are $8.6 and $11.21, respectively. A successful breakout above the $11.21 resistance could propel AVAX to target higher levels, while a failure to maintain above the $8.6 support may pause the bullish narrative. However, the recent bullish momentum and encouraging ecosystem developments position AVAX favorably in the market, hinting at a promising outlook.
AVAX/USDT bullish move incoming? 👀 🚀 Avalanche Today Analysis
💎 Paradisers, Heads Up! An intriguing opportunity is unfolding with AVAXUSDT as it steadfastly holds a key support level and is aligning for a bullish ascent.
💎 EURONEXT:AVAX has encountered robust rejection at the daily support of 8.68 and is setting the stage for upward momentum, likely aiming to retest the daily resistance zone shortly.
💎 A few days ago, a notable shift occurred as demand turned to supply, causing Avalanche price to plummet significantly. Currently, the RSI is indicating a bullish divergence, signaling that Avalanche is potentially on the brink of a bullish trajectory.
💎 If you are planning to trade, remember to strategically place a stop loss at 1.75% to safeguard your position. Trade wisely and stay tuned for more insights.
Recovering time | Long BiasWeekly Chart
AVAX has broken and closed below the support 9.37 then recovering phase now
Chart 4H TF
AVAX created bullish structure then broken out and closed above resistance 9.65 so I expect price will continue go up higher if AVAX won't close below 9.1
So, BINANCE:AVAXUSDT has strong resistance around 14.5 and support 9.1
Wait for next move
AVAX.USDT (Long Term) Ladies and Gentelman, It's Ho3ein again. Thank you for your time 👋👋
It's a new day and I want to tell you all about the support zone on Avalanche.
I think it will be interesting. Because I wanna tell you where is the best zone to buy and Hold Avalanche for the long term. Please be patient 👌👌
Before that, Please don't forget to Like 👍 , share ✌️ with your friends, and also write your comments ✍️ below the post. It gives me more positive energy to continue publishing my analysis.
As you see, we have Three main support zones. I'm sure the first one around 7.2-7.5 USD will be lost soon.
We will talk about the second and third ones.
The Second support zone is around 4.6 – 5 USD and it's really strong. I expect the price drops to this zone to stop dropping and the price after touching this zone to move up.
I bet it's not the End of the correction. Because I expect the Second zone could NOT hold the price and it will break and the price will move to the 3rd support zone.
Let me say something frankly, I don’t believe that the 3rd support zone around 2.6-2.9 will be broken. It's really strong more than you think and big whales are waiting to buy Avalanche in this zone.
Please be patient. control your emotions 🙏🙏
Opportunities in the market flow smoothly like a river 🧞♀️🧞♀️
It was my duty to tell you all the things you need to know.
Please ask me all your questions below the post.
Wish you Health and Wealth
Sincerely Yours 🙏
Ho3ein.mnD
avax on verge of massive breakout over all in downtrend but now showing signs of reversal and on verge of massive breakout
formed falling wedge in higher timeframe and currently testing multi year trendline incase of breakout expecting massive bullish rally in midterm
incase of successful breakout expecting 3 to 4x bullish wave
Need to check if it can rise above 10.81Hello?
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(AVAXUSDT chart)
The key is whether the price can be maintained above 9.76 and rise above 13.47.
(1D chart)
It is supported and rising in the 8.81-9.36 range.
The key is whether it can rise above 10.81.
If it receives support in the 10.81-11.56 range, it is expected to lead to an upward movement to around 15.69-16.94.
If this is not the case and it falls below 8.92 and shows resistance, caution is needed as it is expected to fall to around 7.72.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Uptrend Forecast for AVAX Future with Short-Term Target at 9.496In-depth Analysis and Bullish Outlook on AVAX Future:
🚀 Current Price: 9.319
🎯 Target Price: 9.496
🛑 Stop Loss (SL): 9.286
📈 Bullish Rationale:
I am sharing a bullish perspective on AVAX Future with a short-term trading idea, taking into consideration the current market dynamics and potential driving factors.
Market Sentiment: The broader market sentiment towards cryptocurrencies and specifically AVAX seems to be positive/negative (depending on the actual sentiment).
📊 Trading Strategy:
Entry Point: Now/9.319 (depending on your risk tolerance and strategy)
Take Profit: At 9.496, which represents a ~2% increase from the current price.
Stop Loss: Strictly at 9.286 to manage risk effectively.
📝 Note: Trading involves risks and it is crucial to always conduct your thorough research or consult with a professional before making any investment decisions. This idea is based on current market conditions and technical analysis, which are subject to change.
🔄 Updates: I will keep you updated on the progress of this trade idea, and potentially adjust targets and SL depending on how the market evolves.
Let’s navigate through these market conditions together and see how AVAX Future unfolds in the near term!"
AVAXUSDTAVAXUSDT is trading in more like of falling wedge pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the wedge.
Currently the price has given the breakout from falling wedge and now forming a local support around 8.9 region.
Will the bulls take charge again continue for leg higher?
AVAX ☀️ 24 Hours (Bullish), 🌧️ Next Week (Bearish)Clouds ☁️, indicating a slightly bearish trend, hover over the global crypto market in the next 24 hours. Some sun ☀️ may shine through over altcoins such as Cardano, Avalanche, and Uniswap, signaling a slightly bullish trend.
Over a one-week horizon, the forecast is mixed with a slightly bullish sun ☀️ returning over Bitcoin, Litecoin, and Chainlink. Slightly bearish clouds ☁️ will continue to prevail over Ether, XRP, Binance, and Dogecoin. Bearish rain 🌧️ is likely to fall over Avalanche over this longer time horizon. 📉
AVAX where to buy for a long-termHi traders,
Let's have a look at AVAX.
AVAX has been in a long-term downtrend and it still can drop lower.
The price seems to be creating some kind of a falling wedge now.
Our buy area is shown on the chart and it's between 3 and 5 $. This is when in our opinion it's worth to accumulate AVAX.
Targets for the next bull market cycle:
1. 40 $
2. 52 $
3. 76 $
4. 98 $
As we can see from previous market cycle, most Altcoins don't reach their previous ATH therefore we don't believe that AVAX will do so.
What's your opinion?
Good luck traders!
AVAXUSDT - Catch This Move! ✅Avalanche is currently in a simple ABC pattern. We have completed wave A and now in wave B that looks like an ABCDE pattern.
Looking to catch wave C once we finish subwave E of wave B.
Trade idea:
- Risk entry on break of orange trendline
- Safe entry on break of red trendline
- Stops below lows after we break either of the aforementioned trendlines
- Targets: 16.5, 21, taper
Goodluck and as always, trade safe!
AVAX coin is on the short list with a level of 9.89Hello everyone!
AIHermes today identified the coin AVAX on the short list with a level of 9.89
Entry model - breakout! Leverage 10-20X
Stop short.
We see a long accumulation and a gorgeous squeeze!
1st target 9.75
Trade with us, trade better than us!
Today:
13 coins on the short list
16 coins on the long list.
A lead in the long zone.
The full list of coins is delivered by our bot every day at 9.00 am
AVAX is on the long list with a level of 4.537Hello everyone!!!
AIHermes today identified the coin AVAX on the long list with a level of 4.537
Entry model - breakout! Leverage 10-20X
Stop short.
We see a long accumulation and a gorgeous squeeze!
1st target 4.69
Trade with us, trade better than us!
Today:
19 coins on the short list
17 coins on the long list