AVAX, is expected to form a head and shoulders bottom pattern.The following are machine translations:
In the 4-hour chart, the right shoulder is currently rebounding after forming a double bottom support near 16, which is bullish.
The fast and slow line of the indicator macd runs above the zero axis, and the energy column shrinks below the zero axis and leans toward the zero axis, showing a bullish trend. The RSI indicator is currently rushing above the neutral 50, a bullish range.
In operation, the head-and-shoulders bottom pattern and indicators are bullish, wait for a long break of the neckline, and look at the vicinity of 22.
AVAXUSD.P trade ideas
$AVAX still to go lower?personally i was aiting for it go 11$ when btc goes 20k but btcD started dumping and avax didn't reach. As accumulation zone might start from 10$ but personally i want near 1-4$ first and then lower. it feels unrealistic but this is the bear market where 99% coin will go too zero.
AVAX finds support at $18, can the bulls defend the level?The Avalanche price analysis shows that AVAX has finally found support at the $18.00 mark, which has caused significant bearish pressure to subside. However, it is unlikely that the asset would show a sharp recovery since the trading activity remains low across the short term.
The broader cryptocurrency market observed a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include BNB and ETH observing an 8.99 and an 8.04 percent decline, respectively.
The MACD is currently bearish, as expressed in the red color of the histogram. Moreover, the indicator shows strong bearish momentum as observed in the high depth of the histogram. Furthermore, the indicator’s lighter shade suggests an increasing bearish momentum as the price action finds support around the $18.00 mark.
The EMAs are currently trading below the mean position as net price movement over the last five days remains negative. However, as the AVAX market turned sharply bearish, the EMAs have started moving downwards, with the 12-EMA taking the lead. At press time, the 12-EMA is diverging sharply from the 26-EMA as selling activity increased in recent hours.
The RSI was trading in the neutral zone since 30 May as the price volatility for Avalanche dwindled across the short-term charts. However, yesterday the indicator dived into the oversold region as. The indicator is currently moving upwards as the price action finds support at the $18.00 mark. However, strong bearish pressure still weighs on AVAX markets.
The Bollinger Bands were narrow until June 10 but then exhibited sharp divergence as the price action observed sharp volatility. Currently, the indicator is still expanding to facilitate the sharp bearish activity. At press time, the lower limit provides support at the $18.02 mark while the mean line presents resistance at the $22.32 mark.
AVAX/USDT Long scalp possibilityHey Colleagues,
Hey there, the market was bloody red today but we see some possibilities to scalp some longs. We are opening a long position for AVAX here with Stop at $14.5. Profit all the green zone
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Still Accumulating These are the times fortunes are made and yes there can always be more downside - however to people with a longer time horizon accumulating in this current climate is a great opportunity - I have been buying all the way down and I'm having flashbacks to 2018 when ETH was in the $100~ area and nobody wanted to buy it, Fast forward years ahead and look how that played out. I believe alt layer ones are extremely under valued and will follow similar paths to what ETH has done specifically Solana and Avalanche.
AVAXUSD (4H) Bearish BreakoutHi Traders
AVAXUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 21.3 support level. Only the upward break of 29.1 would cancel the bearish scenario.
Trade details
Entry: 21.30
Stop loss: 29.10
Take profit 1: 16.40
Take profit 2: 11.40
Score: 7
Strategy: Bearish Breakout
AVAX LongA long entry based on a 1H bullish order block. I marked out the bullish 1H order block and when price returned near it, I drilled into the 5M chart. Price was ranging but then formed an impulse higher high. I identified the bullish 5M order block from which this move originated. I waited for a retest and entered when price hit the top range of the 5M orderblock.
My stop loss was just below the 1H order block.
My take profit was just under a potential 1H bearish order block.
AVAX LONGAvax Bounced of the 21$ resistance.
Expecting a retest of the Support. If we stay above it after the retest and break above the downtrend line,will be a good buy signal.
MACD is in positive momentum and RSI looks positive too and close to oversold.
Our First Target will be below the Major resistance of 51$ and the Second at 38.2% FIB retracement near 70$.
AvalancheAvalanche has a chance to recover!
The steady demand for the Avalanche coin allowed a short-term trend to form and come close to the resistance level of $30 per coin. $30 resistance is a key area for continued growth, where a lot of pent-up investor demand can be concentrated, which will increase momentum. Steady growing demand from the $30 support level is able to form a medium-term trend with the aim of testing the $40 levels and the subsequent $60 levels, which is the key level and the point of intersection of the trend line of the long-term descending channel within which the coin is located after updating its high level of $145 per coin.
Avalanche - Short Term Swing Trading Idea - 29 May 2022FTX:AVAXUSD for a few days dropped over 35% and on bigger time frames start forming good price action upwards. In the next 3-4 days I expect gains of over 30% and hit a strong resistance level of over $31 per coin.
What is the supported thesis technically for the expected scenario on Avalanche?
- Price-action will be a strong signal in the next couple of hours
- By Elliot waves - there are 5 waves impulse and expecting classic A-B-C correction
- The RSI indicator will hit a bit lower before curving up
If you have any questions related to this trading idea I will be happy to provide you with answers. FTX:AVAXUSD
AVAX, the rebound is relatively smooth.The following are machine translations:
On the daily chart, it fell to around 22.3 on May 12, stopped falling and rebounded, and then fell in shock. After falling below the short-term rising trend line, it accelerated and fell back to the previous low. It fell to around 22.5, stopped falling and rebounded. Yesterday’s rebound was positive and negative. Continue to rebound today, which is currently in a stable state, and it is expected that the short-term rebound will continue in the future.
The indicator macd is the bottom background state, the energy column is running above the zero axis, and the bearish power is gradually weakening. The RSI indicator rebounded below the oversold area of 30, which is also a bottom divergence state, and began to turn upward and rushed above 30, showing a short-term bullish trend.
In operation, if there is a step back, you can look for a low point and do more, and the maximum drop is below the 20 stop loss, and the short-term target is near 30.