BULL HARMBullish harmonic with price action coming up on the main TL. VPOC is around 17.30. Major double bottom is present around the 10.50 level.
AVAXUSD.P trade ideas
✴️ Avalanche | Cypher, Bat or Harmonics?I don't know about this pattern... The bullish bat, the cypher pattern, harmonics pattern, gartley, butterfly, crab, it has a hundred names... I don't know, I know it works pretty good when it shows up but I just don't know the maths of it...
The blue one on the chart.
First, let me apologize for keeping you waiting, I've been away for a few hours as I was meditating, you know I am very meditative, but this is great because it gives me a better perspective of the charts.
Long story short, Avalanche turned everything green and please, ignore the pattern on the screen.
AVAXUSD just closed above EMA50... While you might be thinking, "Yes, big deal, so what?"
Hold on... It moved above EMA50 for a while in March as part of a correction but the last time this pair moved above EMA50 to the upside after the end of a correction was in January and this lead to a more than 111% bullish wave. This is where we are at now!
You see... A big deal.
Since we have a higher low, this new bullish wave can do the same as before or even more.
Namaste.
Disclaimer: All the information shared here is for your entertainment and learning purposes only. None of it should be construed as financial advice.
AVAXUSD Crossed over the MA50 (1d). Buy signal.AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th.
Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 19.1500 (Fibonacci 0.786).
2. 21.5000 (Resistance 3).
Tips:
1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone.
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✴️ Avalanche Becoming Stronger, Bullish Bias StrengthensAvalanche can be seen with a small cup and handle pattern, trading above the moving averages ema21 and ema10.
This is still consolidation before the major bullish breakout.
After the low 10-June we get a bounce and a retest of support. With support tested, we see consolidation above resistance that can lead to a sudden jump anytime.
It can literally surprise and go from two weeks of small/sideways candles, to big strong candles typical of Cryptocurrency bullish waves.
Needless to say, this information is supported by the indicators being bullish and a long-term high lower.
The targets can be seen green mapped on the chart with potential ranging as 30% and 115 in the short-term. Medium and long-term much more.
Namaste.
AVAX: Classic bubble pop and future possibilities AVAX has all of the hallmarks of classic bubble pop.
I think that a bottom will be found around October 2022, hopefully somewhere in the white demand box. I will be accumulating here.
Then Avalanche will continue to grow over the years. I think a future valuation of at least $1000 is easily possible.
Consider that as of today, it is currently processing about the same amount of daily transactions as Ethereum but for 20x lower fees and with instant finality, all with over 1000 nodes, so highly decentralised.
AVAXUSDT Top down analysis.Multi timeframe PRICE ACTION analysis.
Please comment below anything you would like me to breakdown next.
✴️ Avalanche Ends Its Correction | 111% Bulls Potential NextAvalanche is definitely one of the top Altcoins, it sits at #18 in size by market capitalization and so far this year is up 21%.
The potential is huge as some other Altcoins are up 50%, 100% and even 300% or more YTD.
This pattern is just like the falling wedge, it has a high level of accuracy...
When it shows up, you know what comes next.
As for price action and the indicators, we have a lower low based on the candles wick yet a higher low based on candle close.
The RSI went oversold but is back above 50. Meaning that there is plenty of potential for growth as we have a bullish RSI with prices trading near support.
Maybe this bullish wave will go through July and quickly end or reach August, that is something to be seen... Or maybe it can go beyond to September? That would be interesting.
Here we can see an easy, short-term target of $17 for 33% and $28 for 115%+ in the coming months.
Keep in mind that the charts can always change.
Market conditions can change so it is good to plan and prepare for all scenarios...
If it goes down, will I hold or sell at a loss?
If I decide to hold, for how long am I ready to hold, 3 months, 6 months or 10 months?
If it breaks up, when will I sell and by how much?
Will I sell everything or keep a portion behind in case prices continue growing?
Answering these questions beforehand can really improve your trading, your peace of mind, your results.
If there is a sudden jump or crash it wouldn't matter to you as you already have a plan... Makes sense?
It takes time and effort but it pays.
Thank you for reading.
And thank you for your amazing support, it is truly appreciated.
Namaste.
AVAX (W) - Rejected on Fib and headed to $3.50.Morning/Afternoon/Evening,
Here is Avax on the weekly with MAs, Fib, RSI and MACD.
Chart is currently in a bear flag with the potential setup for a move to $3.00-3.50.
MAs signaled death-cross on May 29th, signaling more downside.
MACD and RSI are setting up rejections to the upside and movement to the downside.
Volume remains extremely low.
I'm remaining on the sideline until further evidence indicates otherwise.
-TNT
AVAX on THIN ICEBankrupt exchange Voyager Digital to shut shop after failed deals, details inside
According to Voyager Digital’s lawyers, the crypto lender will self-liquidate its assets after failing to reach an agreement on a sale to either FTX US or Binance.US.
The announcement, shared in a court filing on 5 May, comes just ten days after Binance.US abruptly backed out of a $1 billion deal to buy Voyager Digital’s assets when the US government intervened to prohibit part of it.
Prior to the agreement with Binance.US, the crypto lender made a similar offer to FTX. When FTX went bankrupt alongside Voyager in November, the first contract was cancelled.
Voyager stated in a filing that a number of digital assets on the platform that cannot be removed will be liquidated and returned to its users. These assets include major cryptocurrencies such as Algorand , Celo and Avalanche .
Avalanche’s latest collaboration with Chinese company Alibaba could change the game for AVAX in the cryptocurrency market. At press time, the excitement of the partnership was reflected on the AVAX charts.
Avalanche managed to secure a major partnership that could make it a stronger contender in the metaverse.
AVAX sees low demand despite the hype around a new partnership and supports retest.
Avalanche could be about to spice things up in the metaverse thanks to a major development that might be a game-changer. The development in question is a partnership with Chinese tech giant Alibaba.
According to Avalanche’s official announcement, the two secured a partnership through which Avalanche will be the conduit for Alibaba’s metaverse pursuits.
The partnership will focus on Alibaba’s Cloudverse, the cloud computing segment of the Chinese company which already has millions of customers. Avalanche will provide the decentralized technology to support this metaverse endeavor.
Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche!
With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers.
#Avalanche will provide all blockchain elements for Cloudverse
Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche!
With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers.
#Avalanche will provide all blockchain elements for Cloudverse
One of the ways to tell if the excitement has been converted into strong demand is to evaluate on-chain volumes. AVAX on-chain volume experienced a slight upside in the last 24 hours, although likely not strong enough to support enough bullish excitement.
Despite the lack of strong demand within the first 24 hours after the announcement, there was one key factor that may still support a strong bounce. AVAX’s price action had been trading within a tight range after finding support near the $16.50 price range. More importantly, the price was recently pushed into an ascending support line.
The same support level may act as a bounce-off zone if AVAX can secure enough bullish demand in the next few days. Its MFI already pivoted after previously registering outflows. Weak bullish demand or a surge in sell pressure may also manifest in the market sentiment shifts in favor of the bears.
Avalanche to tumble southward as the downtrend persistsThe daily and 4-hour price charts of Avalanche showed the bears were highly likely to drive prices lower, especially after the move below $13.88 on 5 June.
The higher timeframe charts showed that the mid-April rally failed to break key highs.
This was followed by a downtrend in May, but the $13.8 area posed some opposition to the sellers.
Avalanche had a bearish bias on the price charts. It is the fifth largest blockchain in terms of TVL but its DeFi activity stagnated in recent months. In other news, SushiSwap announced the launch of their v3 suite of products on Avalanche.
The price action presented short sellers with an opportunity. The structure was bearish, but the volatility has been high over the past 48 hours despite seller dominance. If the prices fall beneath $13.5, it would represent a continuation of the downtrend.
The market structure was bearish on the daily timeframe, and a downtrend was in progress. The 4-hour chart also showed a downtrend in progress. In May, the price formed a series of lower highs and lower lows.
The $13.88 level served as support, but AVAX still formed a low at $13.71 on 25 May. On 5 June, the price fell to $13.48, showing that bears remained dominant. Despite the bounce to $14.6 on 7 June, the market structure remained bearish.
Monday’s move was used to plot a set of Fibonacci retracement levels (pale yellow). It showed the 78.6% retracement level at $14.62, which explained the inability of the bulls to drive prices higher. Having established the bearish character of the market, a short trade can be entered upon a retest of the 50% retracement level at $14.21.
The 23.6% and 61.8% Fibonacci extension levels at $13.14 and $12.58 can be used to book profits. A move by AVAX above $14.93 would invalidate this idea as it represents a key short-term lower high.
It has been noted that the prices bounced to the $14.62 level on Wednesday. Despite that, the spot CVD continued to decline. Over the past 24 hours, the metric was flat, this showed buyers were in the minority and selling pressure was overwhelming.
The Open Interest picked up a little, amounting to close to $10 million. However, when AVAX faced rejection at $14.6, the open interest dropped further. This development hinted at discouraged bulls. Overall, the bearish sentiment was prevalent both on the low and high timeframes.
AVAX WEEKLY IDEA FOR POSSIBLE NEXT BULL RUNAvax idea now in accumulation mode.
Idea based on smart money movement - po3
Great opportunity to buy if the project resist the next bull run
AVAXUSD - Inverted H&S PossibilityAVAX has reached a strong horizontal support that has shown its potential many times.
I suggest that an inverted H&S leads to the trend change and the bulls return following the right shoulder formation.
The inverted H&S is in green circles.
Avalanche: Gardener 🌷🌹🌼🌻The weather is getting better and the ones who can prepare their garden for the incipient new season of barbecuing, sunbathing, harvesting or just savoring nature. In its green garden between $16.67 and $11.77, Avalanche still has got some work to be done as well and should advance a bit deeper to finish wave ii in orange. Ideally, our crypto gardener should turn upwards near the 100.00%-retracement at $13.64, heading for the resistance at $21.81. To develop wave iii in orange, Avalanche should then climb above this mark, which should provide the altcoin with further upwards momentum.
AVAXUSD Long It!I don't have a clue what this is or what it does, but it looks good I believe. Take it level to level. Average entry $20.54
AVAX 20% profit. 100% more to come !#AVAX / USD Update:
AVAX is currently trading at $20.54
According to Coinlion Trend Trader Indicator, AVAX is currently bullish.
We entered AVAX at $17.16 (03/31/2023) and already took some profits the days (14.15.16.17 of march) Exit 50% of our position (20% profit)
AVAX has crossed the descending channel that we have since 08/14/2022 and if the support and 200EMA holds at $19.17 we might see a huge performance.
Next target : $42.25
What do you think ?
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Coinlion Trend Trader indicator tells me
- When to enter short or long
- When to exit and take profit :-)
IF YOU WANT we can give you the link to our free indicators :
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AVAXUSD (1H) - Bearish reversalHi Traders
AVAXUSD (1H Timeframe)
Waiting for the downward break of 20.230 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 21.250 would cancel the bearish scenario.
Trade details
Entry: 20.230
Stop loss: 21.250
Take profit 1: 19.610
Take profit 2: 18.600
Score: 5
Strategy: Bearish reversal
AVAXUSD [D] Hopefully time to think daily!Even daily chart turn on GREEN, so hopefully it's time to aiming daily targets (29-33 band) instead of or charts.
Real decentralized platform and transparent management! Be your advisor!
AVAX three taps clearPrice since June 2022 is in a drawn range and will see some consolidation in certain areas. Based on the price movement, now BINANCE:AVAXUSD has touched three taps on the marked section and could re-test the previous resistance.
This is an overview of what will be my trading plan to take partial profits, namely:
TP1: $19.61
TP2: $22.26
TP3: $25.63
and change each TP to SL+
note: this is not a solicitation of investment, all risks are borne by each only expressing opinions and personal opinions
AVAXUSD ForecastAVAX is in a bearish trend. It has the potential to pulse up to the 18–18.20 area and fall again. The current momentum is high-risk for any long trades.
1750 is a subjective low; if it holds up, then this will be a bullish pullback; if it fails, then the current setup is in play.
So, bearish interest in this. There are two price targets for a bias of 1640.
AVAXUSD (Daily) - Bullish reversalHi Traders
AVAXUSD (Daily Timeframe)
Waiting for the upward break of 18.66 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 16.08 would cancel the bullish scenario.
Trade details
Entry: 18.66
Stop loss: 16.08
Take profit 1: 20.18
Take profit 2: 22.70
Score: 7
Strategy: Bullish reversal
AVAXUSD Significant upside potentialAVAXUSD is trading inside a Channel Up having formed a Golden Cross (1d) 6 weeks ago.
The RSI suggests that one last pullback is possible before a new 1 month rally starts.
Trading Plan:
1. Buy on the next pullback to the MA200 (1d).
Targets:
1. 25.00 (top of the Channel Up).
Tips:
1. The ideal buy entry would be when the RSI (1d) hits the 30.00 oversold level again.
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3 paths for AVAX (3 Day Heikin)AVAX is at its point of control (price level with highest volume traded over entire coinbase price history) while appearing to be in a newly established descending wedge reversal consolidation pattern. Granted, buyers did marginally outweigh sellers at this level. 60 period money flow is steadily remaining curved up and approaching a positive crossover.
I see 3 paths, one as a short term breakout scenario, and the other two as longer term consolidation with the potential of making new lows before an eventual macro reversal to the upside. Bollinger band width is pinched on this timeframe, potentially signalling some higher volatility will be in the cards over the coming weeks and months.
AVAX has been demolished and i'm building a bag to hold as we approach the next btc halving around a year from today.
