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AVAXUSD trade ideas

AVAX - correction may have endedAVAX correction may have ended on January 24th. The three legs down bounced from both the 50%-61.8% retracement of the move from the lows and into the 61.8-78.6% Fibonacci extension related to the XWY correction. These conditions suggest that wave 2 in yellow may have already completed. A possible trade would be to buy a pullback intoto the 50/60% retracement against the 27.15 lows. However, a double correction into the 20s area is still a possibility.
BINANCE:AVAXUSDLong
by AlmaClub
Avalanche is a good long term investmentAvalanche looks to be in a downtrend, but in this trend it still has a target to go up to the 45usd region, which is 30% up from today. From there, a break-out can be virtually limitless. Under perfect market circumstances, like in a bullrun which many analists will take place later this year, I won't be too surprised when it reaches above 500 or even 1000. Though, it can also take 5 years to break through the magical 1000 border, say in the next bull-run in 5 years. Avalanche has 2 main advances over other crypto projects. The fundamentals are amazing, for instance it is a very flexible, fast network, and still more safe then BTC or ETH blockchains. It is compatible with the EVM so companies that use the Ethereum blockchain can move easily to Avalanche. Furthermore, the maximum supply cap of 720 million is relatively low, so there will a certain scarcity for this coin, which tends to drive the price up. Low maximum supply cap is the best tool against minimal deflation, which makes the coin a good option for investors in the long term.
COINBASE:AVAXUSDLong
by Trado33
Avalanche (AVAX) - Rounding Bottom & RetestAvalanche is looking ready to move higher after a rounding bottom formation. It broke out and now has retested the neckline and formed a semi decent hammer reversal. Avalanche as many of you would be aware has got one of the highest transaction speed compared to the likes of Ethereum and Polkadot. I would no way claim to be an expert on blockchain but from what I have read, AVAX is deemed to have a lot of potential. Stop just below 27 Target would be 60.
COINBASE:AVAXUSDLong
by Kemsdale
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.
BINANCE:AVAXUSD
by Coinpedia-Market-Insight
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.
EIGHTCAP:AVAXUSDLong
by Eightcap
2
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 :)
BINANCE:AVAXUSDLong
by KaraYugen
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
BINANCE:AVAXUSDLong
by AlmaClub