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AVAXUSD trade ideas

AVAXUSD Re-testing the 1D MA50. Breakout and rejection scenariosAvalanche (AVAXUSD) is recovering from the recent rejection on the 1D MA50 (blue trend-line) last week. That would be the third attempt that close to the MA50 in 3 weeks and with the 1D LMACD on a strong rise, it appears it could be the decisive one to break it. In fact the same LMACD sequence was last spotted in July 2021, a year ago, when the price eventually broke above the 1D MA50 and initiated an extremely strong rally. Now with the general crypto market attempting to find a bottom on this Bear Cycle, such a rally would be difficult to re-create yet but the Fibonacci retracement levels within this long-term Channel Up can help us set some short/ medium-term targets leading eventually to the 1D MA200 (orange trend-line). On the downside, if the price gets rejected again and breaks below the Higher Lows trend-line (Fib 0.0), it can go for a Bearish extreme near the -0.236 Fib, similar to the Bullish extreme at 1.236 Fib that shaped the top of the market on November 22 2021. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:AVAXUSD
by TradingShot
3
Avalanche (AVAX) to $400 / 22xOn the above 3-day chart price action has corrected 90% since the sell signal back in November. A number of reasons now exist to be bullish, including: 1) A ‘incredible buy’ signal. 2) RSI resistance breakout. 3) Price action confirms support on Fibonacci 0.786 as measured from the July 2021 low. 4) Dragonfly DOJI candle prints on 2-day chart (not shown here). Why $400? Very simple, the previous cycle top was predicted perfectly @ $120 by the Fibonacci 1.618. Repeating the extension takes the market top prediction to $400, see chart below. Is it possible price action falls further? Fur sure. Is it probable? No with bells on. Ww Fibonacci target
BITFINEX:AVAXUSDLong
by without_worries
23
Long $AVAXBTC update likewise for the movement of Avalance. We have seen some nice 20% pumps across board now from the lows of 19k so what’s next?? Is bottom in?? First of all NO, bottom is not in yet not until BTC flip 22,700 & 24,360. Then we can start having conversations of 30ks and reversals. My entire bias is bearish and I am still looking out for shorts when I spot a weakness unless proven otherwise. Enjoy your weekend ..long AVAX for a quick profit at the key major resistance area of $23.00
BINANCE:AVAXUSDLong
by Abstaina44
Avalanche Crypto WorldwideSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
FTX:AVAXUSD
by Sunstorminvest
AVAXUSD Daily TA BullishAVAXUSD Daily bullish. Recommended ratio: 95% AVAX, 5% Cash. *A technical relief rally is underway for cryptos and equities as markets seem to have priced in more rate hikes, I know I focus solely on the Federal Reserve in most of my TA but that's because not only do they fund liquidity for many other central banks but they have been instrumental in setting the tone for the rest of the world for the past decade or more. The Fed was the first central bank to aggressively raise rates in response to global inflationary pressures and in doing so may have earned back a bit of the credibility they lost in being largely responsible for this inflation quagmire. Crypto and equity markets seem to think that the Fed has a plan to navigate us to a soft landing, but it is becoming more and more apparent that a hard landing is likely; when that will be priced in to risk-on markets is the question. Whatever the answer to that question is, we are 'technically' getting close to a short term bottom.* Price is currently following that of other altcoins like Kava and Polygon and trending up out of an eleven day consolidation out of the second largest supply/demand zone on the chart. Volume remains Moderate, fairly balanced between buyers and sellers (indicative of consolidation) and has been shrinking for what is on track to be a fourth consecutive session (indicative of an impending breakout/breakdown). Parabolic SAR flips bearish at $13.80, this margin is neutral at the moment. RSI is currently trending up at 39 after bouncing off of the descending trendline from August 2021 (breaking out of a 10 month descending trend), this is very bullish in the short term. Stochastic remains bullish and is currently trending up at 88 as it aims to resist a bearish crossover on its way to retest max top. MACD remains bullish and is currently trending up at -3.66 as it aims to break out above -4.23 resistance after being rejected the first time on 06/10/22. ADX is currently trending down at 40 as Price is pushing higher, this is mildly bullish at the moment. If Price continues up then it will likely retest the largest supply/demand zone on the chart at $25 before potentially retesting the upper trendline of the descending channel from November 2021 at ~$35. However, if Price breaks down here, it will likely retest the lower trendline of the descending channel from November 2021 at ~$10. Mental Stop Loss: (one close below) $15.
BINANCE:AVAXUSD
by dailytaguy
2