AVAX Downtrend BreakoutLooking for a quick swing here, looking to exit at daily resistance to the top side with a stop loss close beneath for any lower lows.
AVAXUSD trade ideas
AVAX LONG POSITION!Patiently waiting on AVAX to get to my entry point which is the 78.60% level once price gets there i am going long, TP target is $122 while SL is $108
AVAX! Avax is about to fly! So much demand from TIME AND WONDERLAND STAKing.
Great risk and reward set up as well.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
AVAX LONG POSITION OPPORTUNITY!Great to see price moving towards my entry... once price hits the 78.60% level i will be opening my AVAX long position with 10X leverage, profit taking target would be $123.2 while stop loss would be at $100.8
WATCHING FOR AVAX TO BREAKOUTWatching to see if AVAX will break above the downward resistance for a 32% breakout to the upside.
AVAX FORMING W PATTERN AVAX is potentially forming a bullish w pattern at a key support trend line with a breakout target of 42%.
RSI divergence supports a bullish thesis.
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.
AVAX Fibonacci channel targetsWe touched the bottom of this channel today and I believe the bottom is in. From here I am looking for this to go on a massive bull run and touch the targets shown on the chart. I expect pullbacks to happen at those levels as profit taking takes place
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.
I follow the footprints and find a crab!crab harmonic pattern:
X=$913
AB=0.61 XA
BC=0.38 AB
0.78 XA=$204
1.6 BC=$207
0.88 XA=$411
2 BC=$433
2.24 BC=$687
2.6 BC=$1421
1.13 XA=$2263
1.27 XA=$6102
3.6 BC=$9722
1.41 XA=$15995
4.24 BC=$31904
1.6 XA=$68370
AVAX UpdateAvax broke out of the descending wedge and its currently moving as predicted 22% pump is expected from this move.
AVAXUSD new resistanceAVAXUSD formed a bearish failing top at ATH, and consolidated down. The previous support from the ATH move has flipped to intraday resistance. I'll be waiting for this to breakout on a 1D close before reentering.
AVAX! TIME! Wonderland.moneyWe might see crazy increase in demand in AVAX c chain!
A lot people trading AVAX FOR TIME to stake in WONDERLAND.money.
I gotta be honest I did it myself I grabbed some sheared at 114$.
Just invest what you can afford to loss. It could be a scam!
End posting quote:
TradingView
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
AVAX/USD: New Kid in Town Still Capturing Speculative HeartsAVAX/USD has come off all-time highs achieved only two days ago, but Avalanche has remained rather firm as it flirts with its upper price realm.
AVAX/USD has captured the attention of many cryptocurrency speculators and has established itself as the number ten digital asset via its market capitalization in a short span of time. One of the attractive aspects about AVAX/USD is that while its trading life may be short regarding timeframes, it was established by respected a respected cryptocurrency team, and has the backing of major investment firms. Avalanche is a potential rival to Ethereum.
On the 21st of November, AVAX/USD hit a price of nearly 147.50000000 before suffering a short-term reversal which has seen lows since then of about 126.50000000. However, since moving downwards after establishing the record price, AVAX/USD has actually created an almost tranquil trading range in the past day and the price as of this writing is near the 131.50000000 ratio and looks relatively firm. Short-term support looks to be around the 127.00000000 while resistance targets could be perceived to be around 137.5000000.
Trading conditions within AVAX/USD have been fast the entire month of November. On the 1st of this month, the cryptocurrency was near 65.00000000 USD; yes, that is correct. AVAX/USD has more than doubled its value in about three weeks. Speculators should be impressed by the illustrious gains, but they also need to stay realistic and consider the possibility that they have missed the first couple of rocket rides upwards in AVAX/USD. What can go up can also go down in the cryptocurrency world.
Avalanche coin has created a blockchain which hopes to compete with Ethereum by allowing smart contracts to be traded on its technology in a more secure manner, in addition with the claim that its transactions will be much quicker. After reaching an all-time high only two days ago, intriguingly, AVAX/USD seemed to stumble near what can be considered an inflection point. When the 150.00000000 came into sight it seems as if AVAX/USD began to lose momentum. Can this juncture be surpassed soon?
AVAX/USD has garnered plenty of attention from a broad base of cryptocurrency speculators this month and it may be able to generate even more publicity in the near future. While the broad cryptocurrency market via Avalanche’s competitors have found rather stiff headwinds the past couple of weeks, AVAX/USD has found upwards momentum which may continue to be generated near term. If current support levels are sustained near the 128.00000000 to 126.00000000 marks, traders may be tempted to continue to look for upside traction.
Avalanche Short-Term Outlook
Current Resistance: 137.50000000
Current Support: 127.00000000
High Target: 148.00000000
Low Target: 122.47000000
Avax, FEMA, ETH, and Mr. GoxxFirst, a moment of silence for the #1 bockchain hamster.. Mr Goxx
Second, FEMA. Avax' tech being used to help make the federal department more efficient. Yes I used the words federal and efficient in the same sentence.
Avalanche has been around a little over a year, grown 3000% this year, processes more transactions than ETH, and has reached a MC of somewhere near $30b.
In this hamster's eyes AVAX is looking tasty where it sits, and entrance looks good for a long. Staying above the $112 resistance shows good support and I am looking forward to seeing if there are any hamsters on the moon.
The resistance in the 140s will be giving some leeway I hope.
AVAX could reverse hereI think AVAX retracement could be almost done here. More to follow, but fib almost to the tick, and now looking at that previous high for it to likely become support. More to follow.
AVAX Support levelsWatch the GREEN areas for support. I could see AVAX coming to test the top of wedge and regrouping there for further action back up in the next few days
Possible Short setup AVAX.Bearish divergence combined with Bearish engulfing, if the Daily closes like this.
Using Fib extension in price discoveryWhen you are in ATH territory also known as price discovery area it can be tough to know when to enter/exit a trade.
For this reason, I LOVE the Fib Extension tool to help identify potential areas of interest to take profit, exit, or scalp. It can also help you set targets before it gets to ATH territory.
Most popular levels 100%, 161.8%, 200%, 261.8%.
It’s good to wait to see how price action acts at these levels. Also, price could snag on levels before these, but good to know that these are the most popular areas of interest. This isn’t a full proof system but it is very common for traders to use these levels as exits and to take profits.
This could also be a good target to short or enter on a bounce off of support.
