AVAX double bottom, breakout points and 50 day SMAI'm noticing this beautiful double bottom with handle on AVAX so I'm picking several points to prove my analysis. One the price continues to move up out of this handle. Two the price moves above the left side of the W. Three the price moves above the right side of the W. Four, if the price does fall down to the 50 day SMA as a test of support, it bounces off that support and moves higher.
AVAXUSD trade ideas
AVAX good for 5-10% gain in the next 48hrs or soMore details of the market trend are available here:
AVAX
Entry $83.41
Exit 1 $88.90
Exit 2 $91.49
TP Target 1 6.6%
TP Target 2 9.69%
I'm doing something a little different now. I'm posting what my entries and exits are. I plan to sell 50% of the coins at Exit 1 and another 50% at Exit 2. My overall plan projects over 10% of gains in the next 48hrs. However, I will take my profits at around 5% profit for the entire basket and close out the trades if the levels are close enough. Take your winnings! 😊
As a reminder, follow, like, comment. You haven't seen anything like this ever in TradingView. Get it while the getting is good cause I have no idea how much longer more I will do this to give back to the community that has given me so much over the past 10+yrs.
A kind reminder, trade at your own risk, and best of luck to you!
If this symmetrical triangle is valid on AVAX, target= $177These seem like the most valid trendline for the avalanche usd pair on the weekly chart. If this is a valid pattern and the top trendline is correct then we should see the breakout confirmed by early April. If so the target would be $177. *not financial advice*
AVAX.Usdt (Y22.P1.E3).Go longHi All,
Perfect bump and run structure and we just had a retest on the lead in trend line.
Once we pass this 618 resistance, up it goes to the fib ext. of 1 or near about.
We will likely see a consolidation under this resistance and it would surprise me we break out soon.
It is obviously a strong resistance as in the past.
How to trade this, look for smaller time frames for an entry.
For now, I'm looking at this level on the 4 hr chart for some sort of bull flag
#AVAX #Avalanche
All the best,
S.SAri
Why AVAX Price Is Positioned For Exponential GrowthAVAX has registered a spike of around 12% in the past 24 hours. The token is trading at an average price of $90.05, at the press time. The AVAX’s 24-hour volume of $2,105,943,120 has seen a surge of over 42%. It is interesting that the coin managed to stay above the $90 resistance level. According to CoinMarketCap, the Avalanche token is the 10th biggest cryptocurrency with a total market capitalization of $24.03 Billion.
AVAX, can it break through?The following is machine translation:
Reach the edge of the breakout triangle area.
If it can effectively break through, there will be a wave of market trends.
If it can't break through, it may also oscillate in the triangle area.
Judging from the macd indicator, there is a high probability of a breakthrough, and the macd golden fork is bullish. Unless a larger pullback tonight turns into a rejection of the golden fork.
AVAXUSD close to breaking a flag and going up!Market is about to finish retracement to the uptrend, we are 50% fib zone and a strong support, we are looking for market to break the flag and rise up. MACD is bouncing between long and short it means we are losing momentum for short position completing consolidation and reversing to go back up, also we bounced off of a bottom Bollinger band.
Entry: 73
Target 1: 95.62
Target 2: 115.65
Invalidation: 62.55
Ratio to first target: 1:2
Ratio to a second target: 1:3.74
If you want a safer entry wait for market to break a structure up, you will have a bigger stop loss and less profit, but you will have no more confirmation to which side market is going.
avax 3-4 update ~good evening,
i'm a little bullish on avax.
i think we could potentially see a move up to about $100 in the weeks ahead.
it's been preparing for this move for quite some time, and it looks primed as of right now.
pretty large squeeze that it's in on the larger frames, and it can actually launch a lot higher than what i've got shown here.
$120 is my conservative upside target for avax.
avax 3-3- updatemorning,
quick update to my previous post via:
we hit my target to the penny, and now it's looking like it wants to expand.
expansion target sits at $96 - this level is the absolute key.
if avax could push above it, a larger move up can easily take place.
few big levels after that: $102, $108, $119.
Avalanche (AVAX) Big Resistance at $100Avalanche (AVAX) like most of the market has been in a slow steady downtrend since November of year. Since then Avalanche has been struggling getting back past $100 and has been trading under the 0.5 Fibonacci level between $60 - $95 since the beginning of this year so far.
In terms of Total Value Locked (TVL) in DeFi Avalanche ranks 5th with a total of $11.22 Billion locked. Despite the market crash and volatility Avalanche has held over $10 Billion in DeFi locked since November 2021 and has remained pretty steady. There's a huge resistance for Avalanche at $100 and even though we've had some relief we're still not quite out of this downtrend for Avalanche until we can break past $100.
Much peace, love, health, and wealth!
AVAX HAS BEEN RANGING AFTER A RALLY UP.AVAX has seen some positive moves. this asset is currently around FIB 61.8 ($80) which is also acting as a support level.
This asset may see a move up to the next FIB level at around $92 if fundamental favours this direction.
If this asset breaks down below $85, the next support will most likely be around FIB 50 ($81)
avax swing~looks like avax is gearing up for a little move,
potentially for wave C of an a-b-c.
it's possible this is also a 1-2 as well, in which case it would go a lot higher than what i have projected on my chart.
the burgundy 100% extension is the target for this trade,
a safe exit is at the green -0.236
(if it pushes to the yellow 1.618, expect a larger move to the upside).