Avaxusdtlong
AVAXUSDT:Bullish Flag & Volume Surge, Over 20% Upside Potential?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:AVAXUSDT
AVAXUSDT is currently demonstrating a robust bullish trend, asserting its strength above the EMA90 line. This trend is poised to persist as the price surpasses the upper trendline of the bullish flag pattern, supported by a notable increase in trading volume. Additionally, the bullish crossover indicated by the MACD Indicator further solidifies the positive momentum in the market.
With these indicators aligning, there is a favorable outlook for continued price appreciation towards our designated target. Investors can anticipate a rewarding trajectory ahead, guided by these insightful market dynamics.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Avalanche."
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Bullish Cup and Handle Pattern in AVAX/USDTThe AVAX/USDT pair has formed a bullish cup and handle pattern, which suggests that the price is likely to continue its upward trend. The target price for the cup and handle pattern is 60$. The cup and handle pattern is a reliable bullish pattern, and it has a high probability of success. However, it is important to note that no technical analysis pattern is 100% accurate.
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 12-hour frame
We have a commitment to the limits of that channel
Now we have a breakout of the downtrend
We have buying momentum on the MACD indicator
Entry price is 36.29
The first goal is 37.96
The second goal is 40.78
Third goal 43.59
AVAX : high risk SL📊Analysis by AhmadArz:
🔍Entry: 43.66
🛑Stop Loss: 44
🎯Take Profit: 43.27 - 42.60 - 41.82 - 39.94
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AVAXUSDT Avax looking to breakoutMany cryptos breaking out of short term downtrends.
Keep your trades simple. Look for Avax to break the downtrend, wait for the retest to confirm.
Take profit at;
38.1878
40.745
42.971
Caution, if BTC has a small pull back look for atls to have a big move down invalidating the trend breakout.
Buy Signal for AVAXUSDTAnalysis:
RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum.
MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias.
Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point.
Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3.
Trade Plan:
Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD.
Take Profit:
TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile.
TP2: Place the second take-profit level at the next zone of higher volume in the volume profile.
TP3: Target the third take-profit level at the subsequent zone of higher volume.
Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
AVAX to go much higherAVAX came down to my buy zone and now ready to take off for the next leg up. The long term chart looks great for massive move to the 90 dollar range.
My next target is $52. And after that the door opens up for $93 to $100. I added to my longs at $34 dollars.
Not a financial advise. DYOR.
AVAXUSDT Elliott Waves (Investment Idea)Hello friends.
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Everything on the chart.
Main(investment) target zone: 250-300
Targets: 75 - 150 - 250
Cancellation of setup - consolidation under ~11
RR: 1 to ~35
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
I expect AVAX to rise to $65.
Hello everyone!
#AVAX has established itself above the 0.5 Fibonacci level amid market growth. I anticipate further movement in the near future towards $65.
All targets are on the chart.
This is not financial advice, everything you do is at your own risk!
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AVAX/USDT - Avalanche: Trend Reversal◳◱ On the $AVAX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 37.55 | 40.22 | 45.52 and support near 32.25 | 29.62 | 24.32. Entering trades at 35.29 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Avalanche
▣ Rank: 10
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
◰◲ Technical Metrics :
▣ Mrkt Price: 35.29 ₮
▣ 24HVol: 97,441,798.042 ₮
▣ 24H Chng: 2.796%
▣ 7-Days Chng: 4.15%
▣ 1-Month Chng: 1.68%
▣ 3-Months Chng: 139.28%
◲◰ Pivot Points - Levels :
◥ Resistance: 37.55 | 40.22 | 45.52
◢ Support: 32.25 | 29.62 | 24.32
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.92
▣ Last 90D: 3.90
▣ Last 1-Y: 1.04
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.89
▣ Last 90D: 1.17
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth AVAXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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free in R/2📊Analysis by AhmadArz:
🔍Entry: 30.71
🛑Stop Loss: 30
🎯Take Profit: 31.32 _ 32.14 _ 33.26 _ 34.34
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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AVAX → Avalanche Making Another Attempt to Break $50? Yes!AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade?
How do we trade this? 🤔
The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 15% away from the Support zone with plenty of runway before hitting the previous high at $49.85. These are optimal conditions for a long trade.
Take half profits at 1:1 Risk/Reward, a price target of $39.50, then move the stop loss up to the entry price to lock in profits for the second take profit. This eliminates initial risk and allows the second half of the trade to be executed without the fear of loss.
💡 Trade Idea 💡
Long Entry: $34.50
🟥 Stop Loss: $29.50
✅ Take Profit #1: $39.50
✅ Take Profit #2: $44.50
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes down in the pullback from $49.85
2. Three failed attempts to break a new low in the trading range
3. 15% away from the Support Zone and 37% away from the previous high of $49.85
4. RSI at 48.00 and above the moving average which are ideal conditions for a long
5. Bitcoin showing signs of a move toward the previous high
💰 Trading Tip 💰
Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Avax/Usdt Trading Idea 💹AVAX/Usdt is currently showing bullish signs 📈. The market structure has turned into a bullish pattern, and the price is retracing to test a new demand area 🔄. This could signify a potential upward movement. I anticipate a rise in price from this point, potentially ranging between 15-30% 📈🔥.
Remember, this analysis is not financial advice ❌📉. Always conduct your own research (DYOR) and make informed decisions. Happy trading! 💪💰📊