🔥 AVAX End Of Accumulation, Bulls Rejoice!After a month of trading below the diagonal purple resistance line, AVAX has finally broken out. The break out was accompanied with high volume, further reinforcing the bullish narrative.
My expectation is that there's going to be some kind of altseason in the coming weeks, boosted by Ethereum's ETF optimism.
For now, the signal on chart is my bet.
AVAXUSDT trade ideas
AVAXUSDTBINANCE:AVAXUSDT
it seems we've formed a bullish trend with three upward waves and created an ascending channel on the daily timeframe. After the wave C, we experienced a downward move, breaking the bottom of the ascending channel. Additionally, we now have a bearish divergence between the highs A and C and the current situation finds us standing at the previous B bottom before wave C.
So If we break this support we might head towards retesting the $20 support
or retesting the descending channel between the price range of $42 to $43.
to see what unfolds.
Avax exits demandAVAX is finally exiting the weekly demand zone and consolidation phase on this BTC pump. I expect a steady push towards 60 dollars over the next few weeks. There is a ton of resistance between 41-43$. AVAX is finally back above the EMAs, that with the reversing stochastic on the weekly show the pivot.
Short-term: 43$ area
Medium-Term: 60$
Year target over 100$
Lingrid | AVAXUSDT pullback and CONTINUATIONThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:AVAXUSDT has recently extended its upward movement, successfully breaking through the key level at $40. On the daily timeframe, we can see that the market has finally broken out of the range zone that had been in place for a month. Furthermore, the daily candle formed a strong bullish signal, indicating a significant buildup of bullish pressure. I believe that the market is finally transitioning out of its accumulation phase and is likely to lead to an upward move towards higher prices. In this scenario, I expect a classic pullback and continuation pattern to play out. My goal is the resistance zone around 44.50.
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
AVAX Analysis: Entry into Main Trend and Peak ExpectationAVAX is currently entering the main trend in the middle. If this is successful, I expect a strong peak after the second half of June. I want to highlight two important dates: June 21 and August 5.
As seen in the chart, AVAX is moving within a strong upward trend. Currently trading at 40.500, I foresee the possibility of AVAX moving towards the 148.000 levels. Closures above this level may indicate the continuation of the trend and pave the way for new peaks.
Key Levels to Watch:
June 21, 2024: I expect significant price movement on this date. It is likely that the trend entry will be confirmed and the upward momentum will gain speed.
August 5, 2024: During this period, a strong move towards the peak could occur.
If AVAX successfully enters this trend, we may see much higher levels in the remainder of the year. However, it is important to manage risks well and diversify your portfolio when investing.
Disclaimer:
This analysis is not intended as investment advice. You should make your investment decisions based on your own research. As cryptocurrency markets are highly volatile, always be cautious and prioritize risk management. The responsibility for investments made based on this analysis lies entirely with the investor.
Invest smart, stay safe.
Atilla Yurtseven
📊#AVAX reaches daily level buy zone✔️🧠From a structural point of view, it belongs to a bullish trend!
We have made daily corrections based on the double top structure, and all the ideal goals of this bearish structure have been achieved, so there is an expectation of a rebound.
➡️From the perspective of wave theory, wave 5 has ended, so our first target of the rebound can look forward to breaking through wave 4.
Don’t forget risk management💯
✔️Trade safe✔️
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AVAX/USDT is about to do a Bearish movement!!!Hi.
COINEX:AVAXUSDT
Today, I want to analyze AVAX for you in a 3D time frame so that we can have a mid-term view of AVAX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
AVAX reached the resistance but could not break it. Also, we have a bearish divergence on MACD and RSI that the price will soon decline.
✅ Due to the Descending structure of the chart...
- High potential areas are clear in the chart.
- DIVERGENCE ON MACD
- DIVERGENCE ON RSI
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
AVAX → Avalanche Falls to $30! Heading Back to $50?AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up?
How do we trade this? 🤔
We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. We tested the 30EMA as resistance followed by a strong bear bar closing on or near its low on April 9th. That was our confirmation to enter the short down to $27, we took profits just north of $30 where the run ended. This completed a two-legged pullback, which is a signal that the price may want to re-test $50 and beyond.
We've had several attempts to break that low since and found ourselves in a nice trading range. The longer a trading range continues, the greater the chance the price will reverse direction from the price action to the left of the range. With Bitcoin in a nice pullback and seeming to want another run for $74,000, AVAX is likely to follow toward the upside. Wait for a strong bull candle to close on or near its high at this level, then enter a 1:2 Risk/Reward trade, taking half profits at 1:1 R/R ($42.000). Move the stop loss up to the entry price and swing the latter half of the position to $49.00, just before the left resistance area.
💡 Trade Idea 💡
Long Entry: $35.00
🟥 Stop Loss: $28.00
✅ Take Profit #1: $42.00
✅ Take Profit #2: $49.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes up into a bull trend.
2. Price has made contact with a 2021 resistance area.
3. Strong sell signal pushing below the Daily 30EMA
4. Two-legged pullback from bull run, price has run sideways for an extended time, look for long entry.
5. RSI at 40.00 and on the Moving Average, supports long bias.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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Alikze »» AVAX | Ready to break the necklineIn time 2W, after a complete upward cycle up to $147, it made a complex double structural correction, which corrected more than 50% of the previous wave. Currently, it is located in the important resistance area and the neck line, with its failure, it will have the ability to reach the ceiling before and after that, the first target of $515. Therefore, we can wait for the failure of the important area to continue the upward path of this currency, which, according to the momentum, will have the ability to break the specified range.
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AVAX: The Ultimate Crypto Showdown!Hey traders, get ready for the showdown of the century with AVAX!
In today's thrilling episode, AVAX is gearing up for an epic battle near the critical $33.755 support level. But hold onto your seats, because this isn't your average crypto saga!
As the tension mounts, AVAX faces off against formidable bearish threats, with $43.205 serving as the ultimate prize for the victor!
Will AVAX emerge triumphant, soaring towards $54.345 and beyond? Or will it face defeat, succumbing to a downward spiral towards $28.670 and beyond? The stakes are high, and the drama is real! Tune in to witness the ultimate crypto showdown unfold!
AVAX: pattern📊Analysis by AhmadArz:
🔍Entry: 33.37
🛑Stop Loss: 32.37
🎯Take Profit: 34.47 - 35.49 - 36.59 - 37.75 -38.89
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Lingrid | AVAXUSDT long from the bottom of the RANGE zoneThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:AVAXUSDT has rolled back towards the support level, where it has been bouncing off the zone between 30-31, forming a consolidation area also known as an accumulation phase. As we can see, the price is currently testing the bottom of this range, which suggests that it may be poised to move up to the top of the range. On the daily timeframe, we can observe that price action has created a few doji candles, indicating a loss of momentum as it approaches the support level. I think that the price may drop slightly before establishing new higher lows. My expectation is that the price will retest the middle of this significant consolidation zone, which has been respected many times in the past. My goal is the resistance zone around 36.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AVAX Big Move Alert: Will it Surge to $43 or Plummet to $29?AVAX is lingering around the key daily support zone around $33.76.
Avalanche has to reverse bullish and move towards $43.21.
A break-out of $43.21 will make AVAX bullish in the daily chart and we will see a move to $54.35.
Below $33.76, bears will push price towards $28.67 and, possibly, lower to $22.62.