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AVAXUSD.P trade ideas

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.
COINBASE:AVAXUSDLong
by UnknownUnicorn5148869
4
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...
BINANCE:AVAXUSD
by CryptoSanders9563
2
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!!
BINANCE:AVAXUSD
by TheCryptagon
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.
BINANCE:AVAXUSDLong
by movingwfx
#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.
BINANCEUS:AVAXUSD
by Cryptbergofficial