Avaxusdtlong
AVAX Long Based on my TA, it shows that AVAX is in a primary uptrend and on the secondary it completed wave 1 and currently its in wave 2.
I would wait for another weekly green candle before opening a long position
with SL: $44.5
and I'd take profits as follow:
TP1:$66.7
TP2:$70
TP3:$73.4
TP4:$ 80
p.s: it can easily rally all the way to $110 in the long run
AVAX - potential trade ❗❗AVAX is near its trend line. Additionally, we see a squeeze, which is a good signal for a breakout and continuation of the rise. Good buying opportunity will be after a breakdown or retest of the trend line as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
AVAX Time To Buy?Hello Friends!
There is no prominent trading opportunity in this coin at the moment. However, we should consider only buy entries for this coin because it has bounced back up from a very strong support zone below and currently trading in the resistance zone. I believe this resistance zone should not be respected this time. If you are a spot trader BUY Avalanche AVAX now or wait for a retest of the resistance zone only if you are a Margin trader.
But to me, time to buy is around.
Good Luck!
Happy trading
Regards,
CrypFo Trader
Avalanche analysis, will AVAX continue the bull run ?* AVAX is still in uptrend respecting the below major trend-line as support and the above descending trend-line is working as resistance for the price.
* Every time the price get's rejected from the above resistance it gains support around $58-$57
* If the price breaks the above resistance we can expect a bullish move till $79.5
Avalanche (AVAX) is about to brake out!!!Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.
According to my view It can be depicted cup & Handle pattern, now it's performing handle, If it can be break out upward my first technical target is $ 170 and then it will hit $ 225.
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
40% positive, or 15% negative🔵The blue line is the entry price (enter a little late)
🟢the green line is the target (do not forget to collect profit)
🔴The red line is the loss limit (do not forget capital management)
⚫️The black line is the probable path (it may not be)
⚠️Have capital management
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💰Be in profit💰
AVAXUSDT Resistance Breakout!AVAXUSDT (1h Chart) Technical analysis
AVAX/USDT(1h Chart) Currently trading at $3060
Buy level : Above $66.3
Stop loss: Below $60.4
TP1: $69
TP2: $74
TP3: $77
TP4: $82
Max Leverage 3x
Always keep Stop loss
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Avax updateAfter hit first target and creating inverted head and shoulders,
There was a pullback and again bounce back from 66-68 levels
But I think at current cmp (70-72) level it won't go directly to our second target 🎯
I assume a sideways for next few hours, halting near to 72 level it can create a buildup to push the price further towards 82