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AVAXUSD trade ideas

AVAX Avalanche: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Avalanche (AVAXUSD), a cryptocurrency. Quick Analysis: 1) The price has been respecting a multi-month parallel channel it formed in early 2021. 2) Since August 2021, the price has been supported by a trendline, which it is hovering above/below over the past few days. 3) If the price does not come back above the support trendline, keep an eye on the lower trendline of the parallel channel. 4) The RSI (relative strength index) has formed a multi-month bearish divergence. 5) Volume has reduced over the past few days compared to the past few months. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:AVAXUSD
by MillionaireEconomics
3
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BITFINEX:AVAXUSDLong
by JhonMontana
1
avax 12-16 updatemorning ~ avax is bae. - but i think avax has one more little dip to go before it truly takes off. - >i'm not going to talk about how high it's going to go after, as that is genuinely not important right now. >what is important though, is buying it at the end of a massive correction. >what follows after is self explanatory. --- a wise man once said to me, "I can care less about impulses, I only care about completed corrections". --- previous avax updates 👇
FTX:AVAXPERP
by notoriousbids
13
Making Sense of AVAX Price through Elliott Wave AnalysisAvalanche (AVAX) has been one of the top-performing cryptocurrencies in the past 24 hours, with the price standing above the considerable psychological number of $100. Throughout this analysis, we'll show you how to apply the Elliott Wave theory to identify where we are in the overall bullish cycle. AVAX Elliott Wave Analysis Long-term Elliott Wave analysis suggests that AVAX price is in a bullish cycle from the September 22, 2020 low. Up from there, wave I ended with the $63.30 swing high with an internal subdivision as a 5-wave structure. Then, the price resumed lower in wave II towards the $9.25 low. The rally in wave III ended at the current all-time high of $151.22. We're currently resuming lower in wave IV, which has a high chance of being completed at the $72.0 swing low. Usually, there is an alternation between wave II and wave IV in Elliott Wave analysis. If wave II is an extended consolidation, then wave IV is a sharp correction, which is the case for the AVAX's price. Short-term, as far as AVAX's price remains above the $72 low, we can expect another rally in wave V to complete the five Elliot Wave sequences. We can already see the return of the bullish momentum on the RSI oscillator as the RSI already broke above the mid-level 50.
BINANCE:AVAXUSDLong
by cryptohopper
1
Avalanche (AVAX) - December 17Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (AVAXUSD 1W Chart) Over 63.3093173-80.9999458 section: Expected to create a new wave. We need to see if we can continue the uptrend along the uptrend line. If it falls from the 56.5183378 point, it may fall near the 24.0049795 point, so a stop loss is needed to preserve the profit. ------------------------------------- (AVAXBTC 1W Chart) Above 0.0014834 point: Expected to create a new wave. Since the wave is not well formed, it is necessary to increase the holding quantity corresponding to the profit along with a short-term response so that the profit can be regenerated. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:AVAXUSD
by readCrypto
$AVAX break out above 114 will produce new ATHsAVAX has enough momentum to reach November highs at the very least. It has preformed well while fear was very high, establishing trust and affirming investor commitment. TA also indicates we are headed in this direction. On the daily chart below, there is a clear pattern on the daily GC and MACD as indicated by the blue arrows and signal/MACD crossing near the midpoints of the histogram. The chart above is a 4H that shows trend breaks, 114 was everyone last chance to reap some good profits out of Novembers bull market. If we break out past 114, expect buy confidence to increase at a significant rate.
BITFINEX:AVAXUSD
by OneGoodHit
AVAX POSSIBLE BULL RUN avalanche is close to breaking the daily chart's neutral zone. if it happens to break and close above, the price tends to look for new tops that I left drawn on the chart. remembering that if it is a search for a new historical top, the price may exceed 2 take levels if it remains below the neutral zone and the price returns to the reference channel breaking the 50% level of the reference channel, the price will be indicating a possible new downtrend to seek a new bottom
BINANCE:AVAXUSDLong
by leonardogazola
Avalanche looks like it’s close to finished with its correctionThis ascending yellow line was essentially a neckline for an ascending head and shoulders pattern. Once we broke down from this the actually target was around $57, but being a bearish pattern during a bull market probability favors that it would not hit 100% of it’s measured move breakdown target…by bouncing where it has though it has created a much more standard horizontal neckline of a more stereotypically shaped head and shoulders pattern (the neckline shown here in red). The target for breaking down from this head and shoulders is well under $10. Personally this seems highly unlikely to me. Something like this would likely only occur during a sever and unexpected black swan and would only stay at that price range for a very short time if it did happen, which would i anything only be a tremendous opportunity to stack one of the more fundamentally strong crypto projects in the space. Due to avalanche’s strong fundamentals and utility, I think probability much more highly favors that we maintain the horizontal red line as support before inevitably confirming the correction is over and heading higher. Until I’m certain that we are fully finished with he correction however I will have to leave this as a neutral idea, even though I’m definitely leaning bullish on it. *not inancial advice*
COINBASE:AVAXUSD
by DrDovetail