Avax swing trade idea @ 26.6Swing trade opportunity for Avax at 26.6 (100% fib extension ABC, log scale)
Limit Buy @ 26.6
SL @ 19.50
TP1 @ 32.09
TP2 @ ATH
Risk 2%
AVAXUSD trade ideas
Avalanche scalp longIm going to buy AVAXUSD for a scalp trade. SL should be place at below swing low
AVAX Bounce back Eyes $50 With This ReversalBullish Bounce Back: AVAX showcases a promising recovery within a falling channel, hinting at a breakout potential.
Rejection Candle Signals: The presence of a lower price rejection candle in AVAX's chart suggests buyers are stepping up for a bullish charge.
Fibonacci Retracement Target: Eyes are set on surpassing the 38.20% Fibonacci level at $54.59, marking a crucial resistance.
Bitcoin's Recoil Impact: AVAX follows Bitcoin's lead, rebounding towards the $40K mark, fueling optimism in the altcoin sector.
Pullback Phase Nearing End: Avalanche seems poised to conclude its pullback, with market sentiments tilting towards a bullish breakout.
Falling Wedge Pattern: The bearish trend of past weeks morphs into a falling wedge, setting the stage for a potential rally.
Support Confluence: The amalgamation of the 50% Fibonacci level and the $30 psychological mark bolsters the bullish outlook.
Intraday Pullback: A minor retracement to $30.5 indicates buyers are gathering strength for an assault on the resistance line.
RSI Indicator: The sideways RSI trajectory near the oversold zone suggests a weakening bear grip, with a potential upward crossover.
Breakout Anticipation: The falling wedge pattern's impending breakout fuels hopes for an upswing, aligning with bullish market predictions.
$50 Milestone Within Reach: If the market's recovery momentum sustains, AVAX could challenge and potentially breach the $50 barrier.
Downside Risk: A slip below the $28 support could push AVAX to reevaluate the $24 level, testing the resilience of the recent recovery.
AVAX: Thoughts and Analysis, potential low discussion.
Today's focus: AVAX
Pattern – 50% Fibbo, HL low analysis.
Support – 29.22
Resistance – 33
Hi, and thanks for checking out today's update.
Today, we are taking a look at AVAX (Avalanche) on the daily chart. Looking at price with a Fibonacci retracement tool on the chart, we can see that price lines up at the 50% point. This point also lines up with a previous high. We discuss the significance of the 50% Fib point and when price lines up with previous highs in today's update.
We have also run over what we are looking for to start calling a confirmed low and continuation. Signs are building, but buyers still have some work to do.
Good trading.
Bullish breakout will take avalanche to 52Most of the alt coins shows similar setup... bullish flag... ill only entered once the trendline was broken... will update more
AVAX on Breakout Watch to $50This pattern has been accumulating on AVAX we got a slight break then back into the triangle, we are at the end of the pattern where it will either breakout retest and go towards $50 or breakout and get rejected and stay sideways. My money is on the first option as we are in a change of markets.
Head and Shoulders Here is a possible head and shoulders on AVAX. Target is in the upper 20's. Price broke the trendline, but confirmation is needed.
Not FA.
AVAX JUST A LOOKING FOR SOMETHING :)Hi guys :) its been a while :)
Here we see an analogy in the Avax harmonic table that we have not looked at for a long time. it may be very simple data for someone. But since i think 2024 will be the year of "Real World Assets", i think the chart will work positively. it is not recommended to invest based on this study. Do your own technical and fundamental analysis without getting caught up in the manipulations on social media.
Have nice year :)
$AVAX Head and ShoulderHead and Shoulders pattern forming on CRYPTOCAP:AVAX
with Bitcoin news on Wednesday, volume shouldn't be a problem (logically)
AVAX: Set Up for a bounce Amidst BTC ETF WeekThis week may be remembered as the BTC ETF week. Regardless of the outcome, we don't want to miss the opportunity to place another swing trade in AVAX. As mentioned here and the highlited area should provide at least a bounce to the 37.40s. Our trade plan is to take a partial profit at that area, create a risk-free position, and let the market play its path. Our minimum upside target is 72 area. Risk 2%.
Limit @ 31.60
SL @ 23.00
TP1 @ 37.40
TP2 @ 72.00
In trend-bear (AVAX)📊Analysis by AhmadArz:
Next break renge
🔍Entry: 33.416
🛑Stop Loss: 34.504
🎯Take Profit: 32.346
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Bear market may be starting.AVAX has created a H&S on the 12h timeframe. If it breaks the purple support level, it is over for the bulls.
AVAX Buy the dipsAVAX developed a 5 wave impulsive rally from the October '23 lows.
Wave 3 extended to the 161.8% Fibonacci extension of wave 1-2,
Wave 4 retracing into the 23.6-38.2% Fibonacci retracement of wave 3,
Wave 5 extending into the 123.6-161.8% inverse Fibonacci extension of wave 4.
We are now in a correction and may revisit two important overlapping areas:
1) the 100-161.8% Fibonacci extension of the 3 waves down from the peak at 50's, and
2) the 50-60% retracement from the October lows.
Buying the dips in these areas offers a potential swing trading opportunity.
We will buy at 31.60 with SL at 23.
The highited areas should offer at least a bounce where we will create a risk free position.
Minimum target for the upside is 70-100 area.
Keep shorting, the cycle is done Avax had a massive run , but now it's time to go short. My two potential entries are the blue boxes at the 50% and 61.8% fib.
AVAX - Possible reversal areaIf the retracement's structure does not change we can see 36-29 area where we will be buyers again. Swing trade opportunity.
Avax long swing opportunity from 31- 23 areaAvax is correcting the cicle from the lows and we are approaching 50% 61.8% fibo retracement as well as the 100% fibo extension of ABC correction. We are going to take a position for a swing trade into new ATH
AVAX - LongGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
AVAXUSD - 2:1 Sell SetupSimple setup. Waiting for retest of the ascending resistance to consider a short sell position.
Trade SetupAVAX looks like wee could get an opportunity to add some more AVAX if BTC trends down in its current channel. I just want to catch the bounce. Trade risk is Medium. Check levels for accumulation zone 10% range split at every 3%. Risk management NFA. Like & Follow for more calls.
