AVAX analysis for short positionAVAX currency analysis
According to the chart, it is placed inside the order block area and it can have a good potential for a short position.
You can monitor and wait for the login trigger and confirmation candle.
Do capital management and meet the appropriate risk and reward
Good luck and profitable
AVAXUSDT
AVAX .P perfomance in last 8 months in 2023This year has been a rough year for crypto. Downward pressure appears with all coins.
With the AVAX 1h frame, we see the price continuously entering the red area (possibly signaling a downtrend).
This is test result from the beginning of 2023 to the present including the current bearish period. Let's see how the S1-TM performs in a downtrend.
If you have any idea or wanna see results with Spot AVAXUSDT, please leave a comment.
AVAX/USDT Best time to buy AVAX for a Long-term ?? Hello Paradisers, here's a gem to monitor closely!
💎 AVAX is consistently revisiting a strong demand zone, marking its fifth attempt.
💎Typically, with repeated tests, demand areas tend to weaken.
💎This suggests AVAX might pierce through this strong demand zone, aiming for fresh daily demand. Once there, expect a significant bounce-back, potentially indicating a liquidity sweep.
💎Additionally, on August 26th, AVAX is set to unlock a whopping 9.54 million tokens. This could exert downward pressure on the price. Stay alert
AVAX/USDT downward momentum? 👀 Avax Today Analysis It appears to be on the brink of a captivating shift, showing signs of waning momentum and a potential downward trajectory.👀
💎 After its initial touch on the OB, AVAX experienced a robust rejection. However, the subsequent 2nd and 3rd touches seemed less forceful. What's the implication? It suggests a depletion of liquidity, hinting at a possible move to address the Bullish Order Block, leaning towards a downward continuation.
💎 Alternatively, there's a chance that the price might bounce back from the previous order block, setting its course upwards.
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
AVAX is Preparing For a Long Bullish Rally 💎 AVAX is charting an optimistic path, securely nestled within a demand zone, and gearing up for an upward surge.
💎 Not long ago, it skillfully interacted with the Order Block, captured liquidity, established equal lows, and ignited a bullish momentum.
💎 At this crossroads, AVAX might either revisit the DZ level or aim higher, starting from the previous OB point.
💎 If AVAX fail to capitalize on its bullish energy from the last engaged OB level, brace for a potential drop of around -12.34%.
💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.
AVAX ANALYSIS (6H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the AVAX symbol.
We decided to send one of our arrows towards AVAX.
The green area is where you should ride this symbol, where you can ride the AVAX horses!
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AVAX Forecast: Cloudy Week Ahead ☁️ - Bearish OutlookAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like AVAX may encounter more ☁️ clouds over the one-week horizon, implying a downside risk.
Follow us for more crypto weather reports!
AVAXUSDT 1HSupport levels for AVAX/USDT are currently at 12.92 and 12.77. These represent price points where there has historically been enough buyers to reverse a downward trend.
On the resistance side the levels are at 13.42 and 13.75. If the price approaches these levels, investors may want to consider selling or reducing their positions.
The MACD , a trend-following indicator that shows momentum, is pointing down. This could indicate a possible downtrend or a weakening in the uptrend.
The relative strength index indicates that buyers are in control at the moment, which could hint at potential upward movement in the future.
Chop indicator is at 45.85. As the value is below 61.8, it could indicate that the market is trending and unconsolidated.
This could be a sign of temporary volatility, which can be common on Sundays in the cryptocurrency market, so this movement may not be indicative of a longer-term trend.
AVAXUSDT Sideways Trading Strategy! 📈 AVAXUSDT Sideways Trading Strategy! 📉
#AVAXUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket
Greetings, fellow traders! 🚀 Today, I've identified an exciting trading opportunity in the AVAXUSDT cryptocurrency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To take advantage of this situation, I have devised two trade plans using buy stop and sell stop orders, strategically placed around support and resistance levels.
📉 Trade Plan 1 - Sell Stop 📉
🎯 Entry: 12.85
🛡️ Stop Loss: 13.01
🎯 Take Profit: 12.69
In this plan, we are looking to capitalize on potential downward movement from the current sideways range. The entry point at 12.85 aligns with the sideways market theme, while the stop loss at 13.01 provides a safety net in case of a breakout to the upside. The take profit target is set at 12.69, aiming for a reasonable gain within the range.
📈 Trade Plan 2 - Buy Stop 📈
🎯 Entry: 13.75
🛡️ Stop Loss: 13.55
🎯 Take Profit: 13.95
In this plan, we are seeking to profit from potential upward movement. The entry point at 13.75 corresponds to a bullish breakout scenario, while the stop loss at 13.55 helps protect against potential downside risks. The take profit target is set at 13.95, offering a balanced reward-to-risk ratio.
However, it's important to exercise caution while trading in a sideways market, as breakouts in either direction can occur unexpectedly. Always implement proper risk management strategies and avoid risking more than you can afford to lose.
Good luck and happy trading! 🍀💹
AVAXUSDT at daily support and likely to bounceThe price is trading at daily support DS1. Very close to it is daily support DS2. The price may bounce from here from DS1 or may also go to DS2 and bounce from there. However, a long is favorable from DS1/DS2 towards daily resistance DR1 around 13.5 area.
AVAX price prepares for an upward impulse, as far as it can go?Now the AVAXUSDT price is in consolidation under a strong mirror level. Buyers are likely gaining the strength to up break out. Looking at the chart on a large timeframe, we can say that this is a difficult task.
So, at the moment, we are making notes for ourselves on a rather modest potential growth in the price of Avalanche token (by the standards of the crypto market)
The first target is $13.90 +8%.
The second target is $14.80 + 15%.
In the price range of $13.90-14.80, sales of those who bought AVAX long a few months earlier, but the growth did not work out, and the deposit was in drawdown, may increase. Usually, in such situations, the human brain thinks: "I can at least sell my coins at "break-even" and it will be good.
If the Avalanche project is interesting to you, write about it in the comments, and then we will try to update our thoughts on possible price movements of AVAXUSD more often.
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AVAX ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the AVAX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AVAX - daily chart analysisdaily chart:
AVAX in a bearish flag and below FIB 38.20% again
A huge volume profile resistance is waiting at FIB 50%
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
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.
AVAX/USDT bullish Scenario 🚀🔥Avax today analysis💎 AVAX is primed for an upward trajectory, as indicated by the RSI trading above 50, signaling positive momentum.
💎 Currently, it's retesting the demand zone and appears poised for an upward move. We've previously observed the demand zone transforming into a supply zone following market uncertainty.
💎 Above, there's a supply zone and a bearish order block that warrant attention.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey