AVAXUSDT Bullish Pennant or Correction?Here is an updated chart for AVAXUSDT. After seeing a bullish pennant, I decided to take profit already. Let us see first if this pennant will manifest or will its market structure move for consolidation to become a bullish flag.
Disclaimer: This is for educational purposes only. I am not a guru nor am I a licensed financial analyst.
AVAXUSD.P trade ideas
$AVAX: Why I Think We Are Going To See Some Upward momentum Given how far $AVAX has gone down compared to the rest, I think the bounce will be equally impressive (not as impressive as $SOL but maybe close). It all depends on $114 acting as support and then off we go. I am adding more here as I think the benefit outweighs risk here. However, there's a very good chance we head to $100. Going to take a chance here by going all in. Not financial advice, my trading journal.
AVAXUSDT Correction on the Way!With AVAXUSDT finally reaching point E of the Elliot Wave, it should soon start the Elliot wave correction pattern. We are looking for a major dip at point C and current potential of going back to 100 value. So far, not much data can support since it is a new currency.
Disclaimer: This is for educational purposes only. I am not a guru nor am I a licensed financial analyst.
Solana (SOLUSD) or Avalanche (AVAXUSD) - which to choose?If I would be allowed only to choose between one of these two coins...
... just by looking on the daily chart without a view on the fundamentals.
AVAX has two chart-advantages IMO:
1. The price is above the OBV and not below a resistance
2. In case of a massive dump (whatever reason) the next volume support is closer to current price
But if you don´t have to choose between both... perfect 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
AVAXUSD (4H) Bullish reversalHi Traders
AVAXUSD (4H Timeframe)
Waiting for the upward break of 119 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 101 would cancel the bullish scenario.
Trade details
Entry: 119
Stop loss: 101
Take profit 1: 130
Take profit 2: 148
Score: 8
Strategy: Bullish reversal
AVAX! Avax is about to fly! So much demand from TIME AND WONDERLAND STAKing.
Great risk and reward set up as well.
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Avalanche Price Analysis: AVAX loses another 20 percentAvalanche price analysis is bullish today.
AVAX/USD has lost 20 percent since yesterday.
Further downside currently rejected above $110.
Avalanche price analysis is bullish today as we saw rejection for further downside over the last hours after a spike to the $110 mark. Therefore, AVAX/USD is ready to recover some of the loss over the next 24 hours.
MY MINIMALIST CHART ANALYSIS FOR AVALANCHE$AVAX
11.26.21
2105H +8 SINGAPORE
ALERT:
LOOKING FOR BEST TOP-UP ENTRY BEFORE the end of the SWING CYCLE.
We are now looking at an ENTRY that we can TOP-UP for our Investment FIB 0.618 or LOWER.
A little more till we finish this swing and move to the next swing cycle.
VITAL SIGNS: RSI, STOCH are all looking good. We will just wait for the oversold. While the VOLUME shows SUPPLY building up for DEMAND (FUD).
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION. Volatility for this market is healthy.
and we have gone a long way from the bottom of the SWING.
Happy Trading!
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART
"FOLLOW THE WHITE RABBIT!"
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 of a MARKET'S CHARACTER.
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 turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes 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).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), 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!
Three Reasons Why AVAX is still HOT!!TLDR; three reasons to buy AVAX
1. Strong competitor to ETH
2. Strong Technicals
3. Overtook Dogecoin on Coinmarketcap
Avalanche has appreciated 33% last week to solidify its position as one of the strongest Ethereum competitors. In fact, it has usurped Dogecoin for the number 10 spot on coinmarketcap. Despite retracing much of its move to new highs just under $150, the technicals are remarkably strong. We are hugging support from the upper bound of our Fibonacci anchors, corresponding to the previous high from last week. The Kovach OBV is still very strong, despite the correction from the first Fibonacci extension level. Despite how drastic this pullback appears, it is completely reasonable from a technical perspective. If support does not hold at current levels, see the Fibonacci levels below for ideas to buy back.