AVAXUSD.P trade ideas
AVAX/USD - Bear Time PumpIf the price retraces the recent FTX dump and closes above $14 (June lows), then I can see it squeeze up to the area highlighted in red in the chart ($30 - $36), and even higher ($55 - $60). I plan on buying at where the red arrow points.
Keep in mind that if the price starts closing back below $14 after closing above it, then this prediction is invalidated. What I mean is that my prediction holds only if the coin finds support above $14.
This doesn't just go for AVAX. The chart looks the same for a lot of other altcoins, and even for BTC, too. The idea remains the same: if they close a daily candle (or weekly, preferably) above the point at which the market began dumping on news from FTX, then they're likely to pump hard. See my recent XTZ chart which shows the same sort of setup.
Bull Forecasting...As stated in other ideas I'm kind of an alt Layer one Bull - this is actually looking like to be a leader in this next bull cycle and start climbing earlier than others - $450-500~ seems reasonable for this.
Has the Downtrend in AVAX Resumed?Primary Chart: AVAX's rally from August 29, 2022, to September 12, 2022 Appears Corrective
It appears that the downtrend in AVAX's price has resumed. But one need not speculate based solely on the recent days of selling. Price charts for AVAX have left plenty of evidence to show where price may go next.
First, it's important to define the overall trend. The most basic way to do so is by looking at the major highs and lows on a higher time frame, like a daily or weekly chart. Then, evaluate whether the price has formed higher highs and higher lows or lower highs and lower lows. Below is a daily chart, where anyone can see that a series of lower highs and lower lows has appeared since November 2021.
Supplementary Chart A: Defining AVAX's Trend
Furthermore, the downtrend channel—with its trendline across the major swing highs since November 2021—leaves little doubt that price has remained in a downtrend. The return line (the lower line of this parallel channel) also helps visualize the downtrend.
The 21-day EMA is also a helpful trend gauge. For the majority of the distance that the 21-day EMA has printed on this chart, the slope has been negative and this EMA has made downward progress. Yes, a few upward segments appear, but they are a smaller proportion of the overall line.
Next, an anchored VWAP can help see where price is relative to where it has been over the summer. The VWAP in the chart below is anchored to the lows of June 2022. Note how price action has been very choppy over the summer, much like the price action in major equity indices like the S&P 500 SP:SPX and the Nasdaq 100 NASDAQ:NDX . Price broke above this anchored VWAP at least four times, and some of the rallies were sharp and powerful as bear rallies can be.
Supplementary Chart B: Anchored VWAP with Several Failed Breakouts
The fact that price has broken above the anchored VWAP at least four times and failed back below it each time supports the notion that this summer's upward price move was a countertrend bear rally. The last breakout attempt over the anchored VWAP in early September was by far the weakest, suggesting that buying pressure is waning and that the downward trend is likely to begin again in earnest in the short-term.
One need not have an infallible Elliott Wave (EW) count to analyze the price action and draw useful inferences with EW concepts. The chart below defines the two essential types of waves under Elliott Wave theory. These basic definitions may be applied to the downtrend since November 2021. The result supports the same conclusion reached using other methods of technical analysis discussed above—that price is trending down with upward rallies being countertrend and corrective in nature.
Supplementary Chart C.1: Elliott Wave Analysis for Entire Downtrend
Even the price action since the June 2022 low can be examined under EW principles for helpful inferences as to whether the downtrend has resumed. Since even the best EW analysts can disagree about precise counts, a more useful approach to EW can be to evaluate motive and corrective price action by its basic characteristics, as shown in the chart immediately below.
Supplementary Chart C.2: Elliott Wave Analysis for June-September 2022 Price Action
And AVAX's price action for the rally of the past several weeks can also be analyzed using EW concepts. The Primary Chart above shows how the two legs of the rally are nearly equal. They have a common proportion of 1.272, a Fibonacci relationship common in corrective patterns known as zigzags, and also a common corrective pattern known as a complex W-X-Y correction. (For the non-EW readers, it helps to know that an EW corrective pattern constitute an upward price move in a downtrend as well as a downward price move in an uptrend.) Because the legs of the rally fall into a 3-wave pattern in which wave A = 1.272 x wave C, a Fibonacci relationship that is near equality, one can conclude that the entire summer rally was a corrective and countertrend move. From this premise, one also may infer that the trend, when it resumes, will continue downward.
Lastly, AVAX has lost all its major retracement levels from this summer's rally. Importantly, it has lost its .618 and .786 retracements. If one were to question whether the summer rally was the start of a new uptrend, one would want to see the .618 and .786 retracements hold as support before price turned higher again. These retracements typically hold as support when price retraces only a portion of an uptrend move. But they have failed as support as shown below, which suggests the downtrend is likely resuming as of last weeks price decline.
Of course, the .786 retracement at $17.39 could easily be retested and even broken briefly similar to the way the .618 retracement was in previous days this month.
Supplementary Chart D: Fibonacci Analysis as to Summer 2022 Rally
AVAXUSDNot a bad looking chart and considering its still making LL, we just need to bulls to step in and take control of these bears. AVAX ticks a lot off my check list when it comes to location, indicator confirmation but still lacking price structure. Another thing to add is that I like to look at charts that have a decent risk reward which AVAX seems to have. As always, trade at your own risk and never go full retard on any one trade.
AVAXVery simple ... Very clear!
Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
AVAX - LongAvax is another L1 that I like to keep my eye on. I traded in and out of this a few months ago but after doing some research and using the blockchain itself personally, AVAX has been a name thats grew on me.
Im bullish on many L1s including AVAX. So what is Avalanche? Its an open-source platform for launching decentralized finance applications and enterprise blockchain deployments similar to Ethereum. Avalanche is actually Ethereum Virtual Machine (EVM) compatible, so there is a good feeder system of developers who are familiar with Solidity and can build DApps cross-chain.
Investors can use AVAX for:
1. Staking Rewards
2. Liquidity Provision
3. Blockchain gaming
4. NFT Purchase/Sales/Storage
5. etc, etc, etc,
I have been an ETH holder and remain bullish on the price but less so on the practical usage of the network going forward (I will post a separate idea on ETH). As I have been frustrated with the speed, congestion, and cost of the Ethereum network I started to use Avalanche as an alternative and found the experience to be orders of magnitude better than Ethereum (but not Algorand, well get to that in another idea too).
The chart shows that AVAX may be beginning a period of consolidation before potentially moving higher. If you are able to stomach potentially dropping to the mid-60s here, its decent place to take a long position. My suggestion would be to scale into the position over time, something like 30% initial allocation and then increments of 10% over time... manage your risk how you see fit. Many of my trades are longer TF than the TV community is used to. These trades are typically 3-6mo in length, if not longer.
As always, do your own research. NFA.
Ill be posting some additional analyses/thoughts as updates - so scroll down for more.
AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick AVAX/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
AVAXUSD Don't get excited until it breaks these levelsAvalanche is having a good stretch in December but we can't lift our hopes yet as it remains below the 1D MA50 . Even if it breaks it, it will still be contained inside the Falling Wedge of June. Our signal to enter AVAXUSD will be when it breaks the 1D MA200 , which is untouched since April 10th. The bullish target will be $30.00.
Until this happen, with the RSI pattern looking increasingly like the last 1D MA50 rejection, it is more likely to see the Falling Wedge break downwards and make a new low on the 1.236 Fibonacci at $9.00.
Follow us, like the idea and leave a comment below!!
AVAXUSD (1H) - Bullish breakoutHi Traders
AVAXUSD (1H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 13.91 resistance level. Only the downward break of 13.40 would cancel the bullish scenario.
Trade details
Entry: 13.91
Stop loss: 13.40
Take profit 1: 14.21
Take profit 2: 14.71
Score: 8
Strategy: Bullish breakout
AVAX - Possible breakout loomingLook for a break and hold over $13.26 on decent volume.
Accumulation and BBWP indicators supporting break
Of course entire market hinges on bitcoin breaking and holding 17100 then 17800 so caution is always advised.
AVAX USD Ascending Log ChannelAVAX versus US Dollar - Ascending Log Channel analysis with fib level channels
Christmas Has Come Early...Probably imo one of the best l1s out there, Currently things in crypto don't look good overall but it's a natural part of the down cycle and usually the biggest mistake ppl make here is not buying at all, I imagine in the future this will be well above $1000~ per coin as the world flips onto web 3.
BTD...Assuming this is the first Bullish retrace of our new up move for now - most won't buy here as they're still too scared and it's probably one of the best times.
AVAX - Similar Double Bottoms AVAX has printed a nice double bottom which is very comparable to a past double bottom that saw great bullish results
A double bottom is a bullish reversal pattern
Bull opportunity
Avalanche USD - AVAX USD - Bearish consolidation completedHey 'whale calves' - Following this week-end short term bearish consolidation, Avalanche to stop falling and resume its rise on the current levels. The RSI is lying on a support area, while SMA is supporting the market. Currently on the lower end of its ascending channel.
Safe Safe! Have Fun!
AVAXUSD -possible longHello fellow traders,
Referring to the chart above, price has close above the downward trendline suggesting that price might rally to the supply zone (drawn on the chart). If price does close above this zone, there's a possible chance that price might start to rally to the next zone.
however, if price does close below the weekly supply zone , there's a possible chance that price might retrace back to the weekly demand zone.
note: This is just our thoughts and opinion based on technical analysis that we see. This article is not a trading or financial advised. Kindly do your own research and risk what you can afford.
blessed trading everyone.
Cheers.
#AVAXUSDTTrade setup: Trading in a Sideways Channel ($15-$20). Swing trader can trade the channel (Enter near $15 support, Exit near $20 resistance). Trend trader: wait for breakout. (set a price alert).
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $15. The nearest Resistance Zone is $25 (previous support), then $40.
Avax breakout is realBroke out of a longterm c-fork, first target is top of the descending channel. Breakout of the channel has a measured move to $22.
RSI has bullish divergence.
AVAX scalpTarget to completion of wave5.
H&S on smaller tf where is my entry is based on. Stop will be invalidation of ABC correction
Trade # 14: AVAUSD Long Long Position
Entry: 16.52
Stoplose: 15.64
TP: 17.64
Bullish Spinning top and probability of formation of Morning Star
AVAX ANALYSIS
#AVAX UPDATE.
#AVAX is currently trading in falling wedge and got a huge bounce back from the previous support level,if breaks above the falling wedge white box area could be next resistance for AVAX.
