AVAXUSDT
AVAXUSDT is approaching a significant resistance areaHey Traders, in today's trading session we are monitoring AVAXUSDT for a selling opportunity around 33 zone, AVAXUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 33 support and resistance area.
Trade safe, Joe.
AVALANCHE/AVAXUSDT REDISTRIBUTEWe might think were super bullish, as a trader Im following my own ideology on charts not on hyping or whatever other people say about a coin. they dont even know what they are doing.
Im expecting higher price on CRYPTOCAP:AVAX @55-60$ per coin.
Not shorting unless we have confirmation, other people automatically trade without knowing it.
how come you know the trade is valid if price or current momentum has no confirmation.
Trade at your own risk.
Im not here to make a execution of your own trade, own it or trade it.
Leverage thing is a dangerous on your account.
Not biasing the short but selling my spot at that current level.
AVAX LongMarket Structure:
The price is currently in a downtrend, making lower highs and lower lows.
The chart shows a significant recent low near the $24.40 level, which is identified as "Sellside Liquidity."
Key Levels:
Imbalance (Monthly): This area, marked on the chart, suggests a zone where there was an imbalance in trading volume, likely indicating potential resistance or a target area.
Sellside Liquidity: This level at approximately $24.40 is where there may be a cluster of stop-loss orders for long positions, representing potential liquidity for the market to tap into.
Fib Retracement Levels: The chart indicates the 0.5 Fibonacci retracement level, suggesting it as a potential resistance or target area.
Potential Trade Setup:
Long Position Entry: A potential long position could be considered around the $24.40 level, targeting the upper blue shaded area (around $34.00 to $36.00) as a take profit zone.
Stop Loss: A stop loss could be placed slightly below the $24.40 level to manage risk, considering it as the last significant support area.
Take Profit: The target take profit zone is indicated by the blue shaded area, aligning with the previous resistance and Fibonacci retracement levels.
Summary:
The trade idea involves entering a long position near the identified "Sellside Liquidity" level around $24.40, with a stop loss placed below this level. The target for the trade is the blue shaded area between $34.00 and $36.00, which coincides with the Fibonacci retracement level and previous market structure highs. This setup is based on the expectation that the price will rebound from the current support level and move towards the identified target zone.
#AVAXUSD: On the way to 66.00, Buy Swing! Dear Traders,
Hope you are doing great, we have an excellent buying opportunity in form of AVAXUSD which is crypto pair with high potential, we can see price filling the imb zone and reversing from that area. Our main aim here is to wait for price to breakthrough the solid bearish trendline, and then enter when price does confirmation.
Team Setupsfx_
Avalanche (AVAX) Analysis: Testing Critical Support Amid Market📆 Coin of the Day: Avalanche (AVAX)
About the Project:
Avalanche is a highly scalable blockchain platform aimed at decentralized applications and enterprise blockchain deployments. AVAX is the native token used for staking, transaction fees, and governance within the Avalanche ecosystem.
🧩 Technical Analysis
Daily Timeframe
This analysis focuses on daily trends, identifying critical levels and potential scenarios.
📉Support and Resistance:
Key Supports:
31.98
23.03
Key Resistances:
41.42
49.96
60.71
🔍 Current Scenario: Testing the Demand Zone
Demand Zone:
AVAX is currently testing a crucial demand zone around 31.98. This zone has historically acted as a strong support level, indicating high buying interest at these price levels.
Implications of Holding the Demand Zone:
Potential Reversal:
If AVAX can hold above the 31.98 level, it may indicate that buyers are stepping in, potentially leading to a reversal. This could lead to a bounce towards the next resistance levels at 41.42 and 49.96.
Confirmation Needed:
For a bullish reversal, it's essential to see confirmation through increased volume and a break above the descending trendline.
📉 Bearish Scenario: Break Below Demand Zone
Immediate Implications:
If AVAX breaks below the 31.98 demand zone, it would suggest that the selling pressure is overwhelming the buying interest, leading to further downside.
Next Support Level:
The next significant support level to watch is around 23.03. A break below the demand zone could lead to a swift move towards this lower support, as the lack of strong support in between could accelerate the decline.
Volume and RSI Analysis:
Volume Analysis:
Recent trading volume has been moderate. An increase in volume is needed to support any significant move, whether it be a bounce from the demand zone or a break below it.
RSI Analysis:
Current RSI: 34.11, indicating that AVAX is nearing oversold territory. This could suggest a potential buying opportunity if the price holds the demand zone.
👨💻 Trading Positions
Long Position
Entry Trigger: Hold above 31.98 with confirmation from RSI and volume.
Strategy: Open a position if the price confirms a hold above this level, targeting higher resistance levels at 41.42 and 49.96. Use tight stop-loss orders to manage risk.
Short Position
Entry Trigger: Break and retest below 31.98.
Strategy: Open a position if the price confirms a break below this level, targeting 23.03. Adjust stop-loss orders accordingly.
📝 Avalanche (AVAX) is at a crucial demand zone, and its price action around this level will be pivotal. Traders should closely monitor the 31.98 level for potential bullish reversals or bearish breakdowns. Volume and RSI trends will provide additional insights into momentum shifts.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
AVAX Long Trade SetupCurrent Situation:
Price Level: AVAX is trading around the 0.618 Fibonacci retracement level, a critical support area.
Bullish Bias: Holding above $29 is crucial to maintain a bullish outlook. Losing this level would suggest a return to bearish conditions.
Trade Strategy:
Entry Criteria:
Deviation and Reclaim: Wait for the price to deviate below the support and then reclaim it by breaking the trend.
Change of Character: Alternatively, wait for the price to form higher highs and enter on the subsequent higher low.
Entry Point: Enter a long position between $31 to $33.
Take Profit Targets:
Primary Target: $42
Secondary Target: $50
Stop Loss: Set a stop loss at a daily close below $29 to manage risk.
Summary:
For AVAX, maintaining the 0.618 Fibonacci retracement level is essential for a bullish outlook. Enter a long position between $31 to $33 if the price reclaims support or shows a change in character. Set take profit targets at $42 and $50, and place a stop loss at a daily close below $29 to limit potential losses.
#AVAX/USDT#AVAX
The price is moving within a channel pattern on a 1-day frame, which is a retracement pattern
We have a bounce from a green support area at 30.00
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends
Entry price is 31.00
First goal 41.46
Second goal 48.39
The third goal is 56.45
AVAXUSDT.1DOn the AVAX/USDT daily chart, the price of AVAX appears to be consolidating after a significant downtrend. The price is currently hovering around the S1 support level at $27.27, which seems to be holding as a key support zone after several tests.
The MACD indicator is showing signs of convergence below the signal line, which might indicate waning bearish momentum. However, it's still in negative territory, suggesting caution. The Relative Strength Index (RSI) is currently just below 45, reflecting neither strong buying nor selling pressure but leaning towards the lower side, which indicates slight bearish sentiment in the market.
If AVAX maintains its position above the S1 level, there might be potential for a short-term rebound towards the R1 level at $43.37. Conversely, a break below S1 could lead to further declines towards S2 at $18.94. Given the current setup, traders should monitor the S1 level closely for potential buying opportunities if the support holds, but also remain vigilant for any signs of a breakdown which could signify a continuation of the downtrend.
AVAX Long Trade SetupCurrent Situation:
Price Level: AVAX is trading at a support level of around $36.00, offering a good opportunity for a long trade.
Trade Strategy:
Entry Point: Enter a long position around $36.00.
Take Profit Targets:
First Target: $40.00 - $44.00
Second Target: $50.00 - $53.00
Stop Loss: Set just below $34.40 to manage risk.
Summary:
AVAX is at a strong support level around $36.00, presenting a good entry point for a long trade. The take profit targets are set at $40.00 - $44.00 and $50.00 - $53.00, with a stop loss just below $34.40 to protect against potential downside.
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations.
On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX.
One possible strategy to consider is buying four assets that you like the most.
AVAX Analysis and Signal on 4HAVAX Analysis and Signal on 4H
🔵Entry Zone 35.00 - 35.96
🔴SL 33.48
🟢TP1 38.68
🟢TP2 41.42
🟢TP3 43.66
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Avalanche Buy OpportunitySo far, I have profited 450%, 56% and 223% from Avalanche. I have already shared the profits I made in 2023 in my X report, and my followers have profited with me. I don't have any Avalanche at the moment. I am waiting for this moving average to pick up. If Avalanche falls below the moving average, I will wait for my Dip Finder indicator to turn green to buy. But if it is rejected from the moving average, I will buy and hold it until my indicator lights white. I will update this post again when I buy, so I recommend you to stay tuned.
AVAX - Big One? Hi, this is my new update for AVAX. As you see we are in a big range over 6 months now and I expect we are going to takeoff in the next couple of weeks.
In the picture above you see Ethereum in 2017 and it seems that we are going to try something similar to what Ethereum did.
Right now we are in the yellow circle and we are backtesting the trendline. If it holds then we are getting ready for 170% upside with the main target 95-100$.
We have still things to settle, like the RSI and the moving averages. The RSI is still bellow the trendline.
We have good support level around 28 -31$ and big resistance around 55-65$.
Good things take time, be patient.
AVAX/USDT upward momentum from descending resistance breakout? 💎 Paradisers! Keep a close watch on #AVAXUSDT as it shows strong indications of a bullish continuation following a breakout from its descending resistance.
💎 Reviewing recent movements, #Avalanche has effectively broken above its descending resistance and is now positioned for a rise starting from the demand level at $36.72. If it can maintain this momentum, we expect a vigorous advance toward higher levels, although some initial resistance might provoke a significant uptick.
💎 It’s crucial to consider that if the price struggles to maintain momentum at the current demand level, it could signal a softening of the bullish scenario. In such an event, we are prepared to capitalize on a bullish rebound from a lower support level at $35.11. The substantial liquidity at this level indicates that CRYPTOCAP:AVAX could mount a strong bullish recovery. Nonetheless, a breach below this demand level could lead to a notable decline in price.
MyCryptoParadise
iFeel the success🌴
AVAX LONG! Potential Swing Play to the upsideAVAX Long Position. on the 4-hour chart we see the wick is bouncing off of the 50 moving average. Confirmed the position with the Stock RSI indicator crossing over. Most Cryptos will be extremely Bullish Today. Also US30 stocks have a potential push as well, including Boeing.
It is possible we could see a huge wick to the downside so minimize your lot size for example, if you have a $10,000 account, minimize lot size to .10 lots on a 100:1 account.
place 2 x .05 lots.
STOP LOSS @ 35.15
TAKE PROFIT @ 40.53
ENTER NOW @ 37.14 or at US open for better entry.