AVAX UpdateAvax broke out of the descending wedge and its currently moving as predicted 22% pump is expected from this move.
AVAXUSD.P trade ideas
AVAXUSD new resistanceAVAXUSD formed a bearish failing top at ATH, and consolidated down. The previous support from the ATH move has flipped to intraday resistance. I'll be waiting for this to breakout on a 1D close before reentering.
AVAX! TIME! Wonderland.moneyWe might see crazy increase in demand in AVAX c chain!
A lot people trading AVAX FOR TIME to stake in WONDERLAND.money.
I gotta be honest I did it myself I grabbed some sheared at 114$.
Just invest what you can afford to loss. It could be a scam!
End posting quote:
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AVAX/USD: New Kid in Town Still Capturing Speculative HeartsAVAX/USD has come off all-time highs achieved only two days ago, but Avalanche has remained rather firm as it flirts with its upper price realm.
AVAX/USD has captured the attention of many cryptocurrency speculators and has established itself as the number ten digital asset via its market capitalization in a short span of time. One of the attractive aspects about AVAX/USD is that while its trading life may be short regarding timeframes, it was established by respected a respected cryptocurrency team, and has the backing of major investment firms. Avalanche is a potential rival to Ethereum.
On the 21st of November, AVAX/USD hit a price of nearly 147.50000000 before suffering a short-term reversal which has seen lows since then of about 126.50000000. However, since moving downwards after establishing the record price, AVAX/USD has actually created an almost tranquil trading range in the past day and the price as of this writing is near the 131.50000000 ratio and looks relatively firm. Short-term support looks to be around the 127.00000000 while resistance targets could be perceived to be around 137.5000000.
Trading conditions within AVAX/USD have been fast the entire month of November. On the 1st of this month, the cryptocurrency was near 65.00000000 USD; yes, that is correct. AVAX/USD has more than doubled its value in about three weeks. Speculators should be impressed by the illustrious gains, but they also need to stay realistic and consider the possibility that they have missed the first couple of rocket rides upwards in AVAX/USD. What can go up can also go down in the cryptocurrency world.
Avalanche coin has created a blockchain which hopes to compete with Ethereum by allowing smart contracts to be traded on its technology in a more secure manner, in addition with the claim that its transactions will be much quicker. After reaching an all-time high only two days ago, intriguingly, AVAX/USD seemed to stumble near what can be considered an inflection point. When the 150.00000000 came into sight it seems as if AVAX/USD began to lose momentum. Can this juncture be surpassed soon?
AVAX/USD has garnered plenty of attention from a broad base of cryptocurrency speculators this month and it may be able to generate even more publicity in the near future. While the broad cryptocurrency market via Avalanche’s competitors have found rather stiff headwinds the past couple of weeks, AVAX/USD has found upwards momentum which may continue to be generated near term. If current support levels are sustained near the 128.00000000 to 126.00000000 marks, traders may be tempted to continue to look for upside traction.
Avalanche Short-Term Outlook
Current Resistance: 137.50000000
Current Support: 127.00000000
High Target: 148.00000000
Low Target: 122.47000000
Avax, FEMA, ETH, and Mr. GoxxFirst, a moment of silence for the #1 bockchain hamster.. Mr Goxx
Second, FEMA. Avax' tech being used to help make the federal department more efficient. Yes I used the words federal and efficient in the same sentence.
Avalanche has been around a little over a year, grown 3000% this year, processes more transactions than ETH, and has reached a MC of somewhere near $30b.
In this hamster's eyes AVAX is looking tasty where it sits, and entrance looks good for a long. Staying above the $112 resistance shows good support and I am looking forward to seeing if there are any hamsters on the moon.
The resistance in the 140s will be giving some leeway I hope.
AVAX could reverse hereI think AVAX retracement could be almost done here. More to follow, but fib almost to the tick, and now looking at that previous high for it to likely become support. More to follow.
AVAX Support levelsWatch the GREEN areas for support. I could see AVAX coming to test the top of wedge and regrouping there for further action back up in the next few days
Possible Short setup AVAX.Bearish divergence combined with Bearish engulfing, if the Daily closes like this.
Using Fib extension in price discoveryWhen you are in ATH territory also known as price discovery area it can be tough to know when to enter/exit a trade.
For this reason, I LOVE the Fib Extension tool to help identify potential areas of interest to take profit, exit, or scalp. It can also help you set targets before it gets to ATH territory.
Most popular levels 100%, 161.8%, 200%, 261.8%.
It’s good to wait to see how price action acts at these levels. Also, price could snag on levels before these, but good to know that these are the most popular areas of interest. This isn’t a full proof system but it is very common for traders to use these levels as exits and to take profits.
This could also be a good target to short or enter on a bounce off of support.
AVAX Trap or Consolidation?As a fairly new currency, I am currently waiting if 118.57 will act as a good support but candle wise, I can see AVAX correcting down to 108. Should 108 break, I will be re-entering for another shorting down to 97 but should that break, expect to consolidate for as low as 50+ USD.
My overall impression is that it will still go for a bull run but should consolidate first for formation of solid support.
Summary:
1st Entry: 136
1st TP: 108-110
2nd Entry: 108-118
2nd TP: 97
3rd Entry: 97-108
3rd TP: 66.7 (Derived from 0.5 of Gannbox)
Stop Loss: 150
This is my trading setup, do your own analysis. All values were estimated using Fib retracement and Darvas’s box but were removed for presentation purposes.
I am not a guru nor have a degree in Finance. I am a self-taught medical student and would very much like to find a mentor to further enhance my skills. Thank you.
Avalanche (AVAX) - November 22Hello?
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(AVAXUSD 1W Chart) - Medium to Long-Term Perspective
Above the 43.7108730 point: Expected to create a new wave.
Don't assume that you need to know how far it will rise so you can maximize your profits by selling then.
This thought can cause you to stop selling at the time you realize a profit.
Take profit is to make the mental state stable by selling in installments when there is a change in one's psychological state (anxiety, nervousness, exultation, hope circuit, etc.) as the price rises.
In addition, you can realize profits according to your investment period.
Usually, when you trade, you want to sell 100% to confirm your profit.
Once you have established a profit, you should not buy again until the price drops.
However, if the price continues to rise, you will often end up at a loss by buying again.
Therefore, it is necessary to calculate the purchase principal rather than selling 100% and sell the same amount of the purchase principal in installments to recover the investment and retain the amount of tokens corresponding to the profit so that the profit can be regenerated.
(In short-term trades, it is recommended to sell 100% to secure profits.)
The average unit price of tokens for revenue is 0.
Therefore, I think it is advantageous for additional transactions because the psychological burden will be reduced in future transactions.
(1D chart)
It is important to keep the price above the 70.0898075 point to sustain this uptrend.
Therefore, if it falls from the 70.0898075 point, Stop Loss is required to preserve profit and loss.
However, it is possible to touch near the 43.7108730 point and rise, so you need to think about how to deal with it.
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(AVAXBTC 1W Chart)
Above 0.0004889-0.0007164 section: expected to continue upward trend
0.0012-0.0014834 or higher: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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A noob hamster's look at AVAXLearning on the fly is the way to go when you are a hamster! Avax reaching ATH. I believe there are multiple support levels.
125ish and 134ish.
Yes 'ish' is acceptable as a technical word.
Avax can possibly keep it's upward trend but needs support at 134. It may not find it there and could possibly fall back to the mid 120's.
In my opinion a good indicator to enter is Avax pushing through the support at 134 to continue it's climb (or reverse avalanche?) Although it may consolidate before attempting to break through the resistance at 142.
AVAX, time to sell?Avalanche on the 5th wave. Currently seeing at the top of the ascending channel. Are going to see a correction?
AVAX Fib retracementsIF that was the local blowoff top...
Fib Level_ Likelihood_ $
------------------------------
__0.382_____High ___111
__0.50____Medium___99
__0.618_____Low____88
Delicious.
AVAX SHORT POSITION!I see a very great opportunity to short AVAX once it breaks out from the trendline, If it does breakout from the trendline then i will be opening my short position, My TP would be at $120
Avax $200+ easyNeed rep points for chat. Anyways Avax to take over wannabe carnado at #6. Plenty of more room to ride
AVAX Price Forecast - Path to $800 I maintain my long position from $40. I will continuing swapping between Wonderland, Snowbank & Avax
AVAXPERP Bearish SetupAs the uptrend accelerates, we can expect a trend reversal.
As the bearish candle pattern emerges, you can take a short position. :)
MY MINIMALIST CHART ANALYSIS FOR AVALANCHE$AVAX
11.20.21
1556H +8 PACIFIC
ALERT: EXIT AND MAXIMIZE AREA OF VALUE
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES.
REMINDER: "FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART (You can CLICK AND hold THE CHART and PAN or DRAG IT.)
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
AVAX MoonJust an idea; it's been a really strong coin.
Showing big power right now!
This is not financial advice.
AVAX Establishing New Support Levels Around $100Look for entries just over $100 or anything you can nail down below. Avalanche also has news behind it with many strong projects launching and seeing success on it, as promised. Note that in August of 2021 this year, AVAX was less than $20... so many investors from months ago are in major profits. Major mountains of support from volume profile (shown as horizontal bar chart on candlestick price action section) are then at approx $50 and $80.
Extrapolating, $100 to $110 level could become the new major mountain of support that is growing.
I am liking EXRD Radix as a new alternative and enhancement to AVAX, though it is no where near as established yet ;)
From the Daily chart, AVAX is a little high but look for stochastic RSI to oscillate down to oversold in lower timeframes such as 4HR and 1HR.
Staking AVAX is a great idea, and the community is coming along to be as strong as EGLD and ADA in my opinion.
Today I am neutral on AVAX, but in general and in the medium to long term I am very bullish on all coins mentioned. Especially watching EXRD.
AVAX Avalanche 4H - Support TargetsToday I am reviewing the 4H chart for Avalanche (AVAX) on a linear scale.
The price dropped today as did the entire crypto market except for a few outliers.
In the chart I noted:
1) The Ichimoku Cloud support in green which is looking strong.
2) 3 areas of Support in case there is a possible price drop further.
3) The 50/100/200 MA with the 100MA at Support 2.
4) The Volume Profile (VPVR) showing the major support areas going down.
The volume overall looks healthy. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline.
What are your opinions on this? I love reading your comments below.
Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
AVAX Sentiment Analysis - Crypto Power IndexLatest movement on AVAX in relationship to the current price action related to sentiment and amplification - data coming from our #cryptopowerindex
