AVAX on the Path to Growth: A New Bullish Wave Ahead๐ AVAX has recently completed an ABC correction and appears to be entering a new bullish wave. Waves 1 and 2 have formed well, and it seems we're now heading towards completing waves 3 and 5. This bullish movement presents a great entry opportunity! ๐
๐ Entry Point: $41.3
๐ Stop Loss: $34.7
๐ฏ Target Profit: $56
๐ These levels are based on Elliott wave analysis and the current structure of AVAX, indicating a logical short-term bullish trend. With this analysis, you can approach this movement with more confidence. ๐
AVAXUSDT trade ideas
AVAX buy setup (4H)Considering the breakout of the trigger line, the price structure shift, and the creation of a demand zone, we can look for buy/long positions on AVAX during pullbacks.
The target could be the red zone.
We should enter the position at the green zone to minimize risk.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Monthly C&H + Fib LevelsHere we see the monthly levels for AVAXUSDT. We can see the handle is showing good support. However we are at that major resistance level on the Fib retracment. The price measurements are rough estimates in H1H2 pattern for C&H. We can see how good they align with the Fib levels.
Need strong trading support and volume.
Stop loss @ $31.46
First price Target $44.11
Second Target 50.99
AVAXUSDT.1DThe daily chart of Avalanche (AVAX) against Tether (USDT) presents a complex wave pattern, indicative of the typical volatility seen in cryptocurrency markets. The chart highlights potential recovery zones and resistance barriers that may influence future price movements.
Price Action and Trend:
AVAX has shown a series of peaks and troughs, forming a zigzag pattern that reflects fluctuating investor sentiment and market conditions. Currently, the price is hovering near a support level, suggesting a potential area for reversal or stabilization.
Key Technical Levels:
Resistance Levels (R1 and R2):
R1: $43.43 - This near-term resistance might act as a barrier to upward movements and a target for short-term bullish sentiment.
R2: $56.20 - A breach of R1 may open the path to R2, suggesting stronger bullish momentum if achieved.
Support Levels (S1 and S2):
S1: $31.22 - Current levels are testing this support, crucial for maintaining the current trading range.
S2: $20.30 - A significant drop below S1 could see prices test this lower support, indicating a more substantial bearish outlook.
Technical Indicators:
MACD: The MACD is currently below zero, which denotes bearish momentum. However, the narrowing MACD histogram suggests decreasing bearish intensity.
RSI: The RSI is around the midpoint, indicating neither overbought nor oversold conditions. This can suggest a period of consolidation or indecision in the market.
Volume:
Trading volume appears moderate, without significant spikes, implying a lack of strong conviction in recent price movements, which aligns with the current consolidation phase.
Conclusion and Forecast:
AVAX's position near the support at $31.22 is critical. A hold above this level might suggest the potential for a rebound towards $43.43, particularly if supported by an increase in trading volume and bullish signals from technical indicators. Conversely, a break below this support may lead to a further slide towards $20.30.
Trading Strategy:
Bullish Scenario: Watch for stability or a bounce off the $31.22 support level, with a potential target at $43.43, followed by $56.20 if upward momentum strengthens.
Bearish Scenario: If AVAX breaks below $31.22, consider a bearish outlook with a next possible stop at the $20.30 support zone. This scenario would necessitate close monitoring of further bearish indicators and increased sell-side volume.
Summary:
The current technical setup for AVAX/USDT suggests a critical juncture; the asset's response to its immediate support level at $31.22 could dictate the trend for the near term. Traders should use a combination of volume analysis and other technical indicators to refine their strategies as the situation develops.
#AVAX (SPOT) entry ( 32.00- 37.00)T.(88.00) SL(30.59)BINANCE:AVAXUSDT
#AVAX/ USDT
Entry ( 32.00- 37.00)
SL 1D close below 30.59
T1 47.00
T2 53.00
T3 65.00
T4 88.00
______________________________________________________________
Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
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AVAX Analysis: Key Levels and Trend Outlook 2024.12.29Hello, this is Greedy All-Day.
Todayโs analysis focuses on AVAX (Avalanche).
Daily Chart Analysis
Looking at the daily chart, AVAX is testing critical resistance and support levels.
Resistance Zone:
The green box zone between 60 and 65.5 represents a strong resistance area.
The recent rally was rejected near the 60 level, indicating significant selling pressure in this zone.
For AVAX to confirm a bullish continuation or aim for a new all-time high, it needs to break above and stabilize above 65.5.
A conservative entry point would be after the price holds above 65.5, as it has faced three major rejections at this level. If this resistance is broken, there is a high probability of reaching the previous high or even higher levels.
Support Zone:
On the downside, the blue box zone around 27 is critical.
Historically, this level has acted as strong support, even during sharp declines.
If 27 fails, AVAX is likely to break below the red box, which would signify a clear breakdown of the short-term ascending trendline and trigger additional selling pressure.
Downside Target:
A break below 27 could lead to a potential 28% drop, as the market would enter a strong bearish phase due to the lack of support below this level.
Historical Comparison
AVAXโs current price action is reminiscent of a mirror image (decalcomania) from early 2024.
Similar patterns can be observed in the past data, with AVAX hovering below the Ichimoku Cloud and facing resistance at the daily 20 EMA and 60 EMA.
If a death cross occurs in the current setup, it could trigger another sharp decline, similar to the one seen in early 2024.
Conclusion
AVAX is at a critical juncture:
Bullish Scenario: A breakout above 65.5 and stabilization above this level could pave the way for a strong rally to the previous high or beyond.
Bearish Scenario: A breakdown below 27 could lead to a significant decline, potentially triggering a 28% drop.
For now, cautious trading is advised, with close monitoring of key levels like 65.5 and 27. Letโs trade wisely and stay prepared for both opportunities and risks. ๐
AVAX Teetering on the Edge: Will It Soar or Plunge into Chaos?Yello, Paradisers! Are we on the verge of witnessing AVAXโs next big breakout, or is a devastating collapse brewing? The chart is screaming volatility, and this is where disciplined traders either thrive or fall behind. Letโs dive into the analysis.
๐#AVAXUSDT is approaching a key demand zone, raising the high probability of bullish continuation from $32.90โ$34.98. This zone is currently holding as a vital barrier for the bulls. If this level continues to act as a floor, we could see a reversal back toward $45โ$54, where significant resistance awaits. A clean breakout above this resistance could spark a bullish rally, with the next targets around $59 and beyond. However, without strong buying pressure, the upward momentum may stall.
๐If the bulls manage to defend this demand zone $32.90โ$34.98 with conviction, we could see a rapid upward rally, pushing prices higher. However, if #AVALANCHE fails to hold this demand zone, the lower support zone at $29.30โ$30.21 will come into play. Breaking below this support would confirm a bearish breakdown, potentially dragging #AVAX down to $25 or even $20 in an accelerated sell-off.
๐Patience is key here, Paradisers. This setup could result in massive gains for those who wait for confirmation rather than jumping in prematurely. Emotional trading in moments like these often leads to losses, so stick to your plan, manage your risk, and let the market come to you.
Play it like a pro, and let patience be your edge. The market rewards the strategic, not the impulsive.
MyCryptoParadise
iFeel the success๐ด
Avalanche (AVAX)AVAX Analysis ๐๐ฅ
Introduction
AVAX (Avalanche) is one of the most powerful and prominent cryptocurrencies, created to address scalability issues and provide fast, low-cost transactions. With its impressive progress, AVAX has carved out a special place among other altcoins. Now is the perfect time to take a closer look at AVAX's price trend and identify key entry points to capitalize on this massive move. ๐ฅ๐
1. Technical Analysis
Key Supports:
AVAX is currently in a strong upward channel ๐. The price has bounced well from the lower trendline of the channel, which serves as a strategic support level, and continues its bullish movement. After this rise, the price entered a retracement in the 0.5 Fibonacci zone ๐. This support range (32.19 - 35.83) presents an excellent buying opportunity and could be the starting point for a powerful rally.
Key Resistances:
On the daily time frame, the red resistance zone is a significant level. Breaking through this could signal the beginning of a larger bullish trend. If AVAX breaks this resistance, the next target will be the weekly green zone, known as the PRZ (Price Reversal Zone), which includes the weekly resistance and the middle line of the upward channel. This zone acts as a safe entry trigger for investors, and its breakout could trigger a new wave of buying.
2. Price Prediction
Fibonacci Levels:
If the bullish trend continues, the price could reach the 1.272 Fibonacci level (between 73.74 - 82.67) and even the 1.618 Fibonacci level (between 108.31 - 120.16). These are long-term target levels that AVAX could potentially reach on its upward path. ๐
RSI:
The RSI has risen well from the middle zone (49.23 - 52.83), indicating potential strength in the bullish momentum. ๐ฅ
3. Investment Strategy
Dollar-Cost Averaging (DCA):
Dollar-cost averaging is the best strategy in this market. This involves entering at key support zones like 32.19 - 35.83, and if the price rises to higher levels, gradually adding to your position with the right volume. This strategy allows you to ride the marketโs movement at every stage. ๐ช
Proper Volume:
Never forget to monitor trading volume carefully at support and resistance levels. If market volume is insufficient, the price may easily retrace and move back towards the lower part of the channel. Therefore, entering with proper volume and conducting precise analysis is crucial for your success. ๐
4. Risk Management
Stop-Loss and Risk/Reward Ratio:
It is recommended to set your stop-loss (SL) at support levels such as 19.37 - 21.87 to prevent large losses. The risk/reward ratio should be at least 1:2, meaning the potential profit should be twice the amount of risk. ๐ฐ
Critical Scenario Prediction:
If the support at the lower part of the upward channel is broken, the price could retrace to the gray support zone (19.37 - 21.87). Always be prepared for market crises and make decisions based on them. โ ๏ธ
5. Volume Analysis
Volume Analysis:
Trading volume is one of the most important indicators for confirming trends. If we see increased volume at support and resistance zones, it may signal the possibility of a strong price movement. Therefore, carefully monitoring volume helps confirm the validity of price movements. ๐
Conclusion
AVAX is in a great position for growth, and with careful analysis, dollar-cost averaging, and proper risk management, investors can take full advantage of this opportunity. Pay close attention to support and resistance levels, and enter the market with suitable volume when necessary. Always stay alert to price trends and volume fluctuations to capitalize on potential profits. ๐ก
avax long midterm"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
AVAX/USDT Chart Analysis #AVAX /USDT Technical Analysis
CRYPTOCAP:AVAX is trading at $40.973, with a +12.02% gain, showing bullish potential as it approaches key Fibonacci retracement levels. The price appears to be forming a corrective wave, providing a strong opportunity for a bounce toward higher targets.
Key Levels:
Support Zone: $34.714
Deeper Support Zone: $28.960
Target 1 (T1): $64.04
Target 2 (T2): $79.77
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 4-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 34.51
Entry price 37.44
First target 41.56
Second target 48.20
Third target 55.62
20.12.24 - is AVAX ready for the party?๐๐ Bullish or Bearish on AVAX? Letโs Dive In! ๐
Hey everyone! ๐ Hereโs my take on AVAX โ a crypto with big potential but at a critical juncture!
Key Levels to Watch:
๐ผ Resistance Levels:
$50.27 (0.618): Immediate resistance, bulls need to conquer this! ๐๏ธ
$65.39: A major swing high to aim for. ๐
$92.13 (0.382): Larger Fibonacci retracement โ the moonโs next stop? ๐
๐ฝ Support Levels:
$37.49 (0.786): Closest support, critical to hold! ๐ก๏ธ
$23.97 (0.886): The key level below if $37.49 breaks.
$8.55: Historical low โ long-term support in case things get messy. ๐
Whatโs Happening Now?
The chart still looks bearish on the macro level. AVAX has yet to reclaim critical levels. Breaking below $37.49 could send it spiraling toward $23.97, but holding this support and breaking above $50.27 would be a game-changer for bullish momentum! ๐๐ฅ
Global Perspective:
๐ Bearish Signs: The recent rally hit resistance hard, and failure to hold support suggests the downtrend may continue.
๐ Bullish Hope: A decisive breakout above $50.27 could spark a rally, first targeting $65.39 and then reaching for $92.13!
Itโs a pivotal moment for AVAX! Will it hold the line and climb, or crumble under pressure? Only the market can decide of course.
I would say, odds are 60/40 for bullish scenario! I wish it goes up to the sky and break previous highs!
#Trading #AVAX #Crypto #SupportAndResistance #Investing
Share your thoughts below โ bullish, bearish, or just watching? Letโs see where this journey takes us! ๐ค๐
AVAX Short entryhello to everyone.
in this analysis the AVAX after changing character and becoming bearish completed its pullback phase and came and swept all the liquidity marked with the dollar sign.
this a very good confluence and after waiting for confirmation on lower time frame we finally got it and price became bearish in LTF as well.
so I set a limit order at a 30-minute order block and wait for the price to tag me in the trade if that happens the price could potentially go lower.
remember to manage your risk.
thank you and have a good night.
avaxusdt long"๐ Welcome to Golden Candle! ๐
We're a team of ๐ passionate traders ๐ who love sharing our ๐ technical analysis insights ๐ with the TradingView community. ๐
Our goal is to provide ๐ก valuable perspectives ๐ก on market trends and patterns, but ๐ซ please note that our analyses are not intended as buy or sell recommendations. ๐ซ
Instead, they reflect our own ๐ญ personal attitudes and thoughts. ๐ญ
Follow along and ๐ learn ๐ from our analyses! ๐๐ก"
AVAX Long Signal: Golden Opportunity with Low Risk๐น Entry Point: $56.00
๐น Target: $86.00
๐น Stop Loss: $41.00
๐น Risk to Reward: 2
๐ธ Analysis and Reason for Entry:
The $56.00 level in AVAX is a key area with strong historical price and time reactions. It aligns with the 2.618 Fibonacci extension, making it a critical support zone. A breakout from this level could confirm the continuation of the upward trend.
๐ธ Why is success highly likely?
In the previous signal, after breaking the 1.618 extension, the price reached the target. Now, with the current market structure and the strength of the bullish trend, the next target at $86.00 aligns with the 4.23 Fibonacci extension level.
๐ธ Risk Management:
Given the high probability of success, this position is suggested with low risk. Only risk up to 1% of your total capital in this trade, and adjust your position size according to the stop-loss distance.
๐จโ๐ป Reminder: Always stick to your stop loss and manage your capital wisely!
Avalanche ($AVAXUSDT): 30-Minute Analysis for Short Trade SetupI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Avalanche ( BINANCE:AVAXUSDT ): 30-Minute Chart Analysis for Short Trade Setup
Trade Setup:
- Entry Price: $52.72 (activated)
- Stop-Loss: $54.09
- Take-Profit Target:
- TP: $46.74
Fundamental Analysis:
Avalanche ( BINANCE:AVAXUSDT ) is a high-performance blockchain platform known for its scalability and low transaction fees. Despite its robust ecosystem and increasing developer adoption, current market sentiment reflects short-term bearish pressure, likely due to profit-taking after recent rallies.
Technical Analysis (30-Minute Timeframe):
- Current Price: $52.50
- Moving Averages:
- 20-EMA: $53.00
- 50-EMA: $53.20
- Relative Strength Index (RSI): Currently at 42, showing increasing bearish momentum.
- Support and Resistance Levels:
- Support: $51.50
- Resistance: $54.50
The 30-minute chart indicates a downtrend, with BINANCE:AVAXUSDT forming lower highs and breaking below key support at $53.00. This setup aligns with short-term bearish sentiment, providing a favourable risk-to-reward ratio for a downside target of $46.74.
Market Sentiment:
Short-term sentiment on BINANCE:AVAXUSDT appears bearish, with selling pressure increasing around key resistance levels. Broader market movements, especially in Bitcoin and Ethereum, may further influence CRYPTOCAP:AVAX โs direction.
Risk Management:
A stop-loss at $54.09 limits potential losses, while the take-profit target at $46.74 provides an attractive downside reward. This setup requires disciplined execution given the short timeframe and potential market volatility.
Key Takeaways:
- Ideal setup for short-term traders capitalizing on bearish momentum.
- Clear downside target supported by technical indicators.
- Risk management is critical given potential reversals in a volatile market.
When the Marketโs Call, We Stand Tall. Bull or Bear, Weโll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
From $46 to Glory or Gloom โ Avalanche AVAX JourneyAvalanche is trading at a crucial juncture near $49.08, with price action consolidating in range zone where we will continue to see slow and choppy price action.
1. A bounce from the support level at $46.09 and a subsequent push above $51.62 could signal bullish momentum for AVAX, paving the way for a rally toward the next resistance level at $59.39 (Dashed Green Projections).
2. A breakout beyond this zone would confirm strong buyer interest, potentially targeting higher levels near $66.63 as the next key milestone (Green Projections).
3. A failure to maintain the $46.09 support could open the door to further declines, with the price likely retesting the next major support at $38.32 (Red Projections).
AVAX/USDT Price Prediction - 1WTrend Prediction - AVAX/USDT Forecasting
Resistance and Support Lines
In the weekly time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way. Caution is advisable.
Are big events on the way????!!!!!
**** Yousef Sharafi ****
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Trading opportunity for AVAXUSDTBased on technical factors there is a Sell position in :
๐ AVAXUSDT
๐ด Sell Now
๐ชซStop loss 61.00
๐Target 1 43.00
๐Target 2 35.35
๐Target 3 29.50
๐ธRISK : 1%
We hope it is profitable for you โค๏ธ
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