AVAXUSDT trade ideas
AVAX Megaphone updateAVAX decided to push to the upside and I am glad that I averaged on that bottom support line. I will admit once the fed dovishness arrived I did deploy the rest of my stables into AVAX and INJ before liftoff. I had been DCAing a few select alts including AVAX on this latest flushout.
-My bags have been packed, but I did get some tokens at a discount by selling more volatile setups like JOE into stables last week
-70$ is the more likely direction here as this megaphone expands, I expect a test to the top teal line within 3-4 days here, this invalidates my temporary bearishness, this is also why daily and weekly charts reign supreme
AVAX Long IdeaI've just got into Avax and my last trade I had in it I took from 38 to 56 and now since it hit the daily low of 53.2 and im expecting some rejection here and as you can see in the post those are my long position ideas for TP. this is not financial advice and as always trade responsibly.
Avax expansion of volatilityAvax had a really powerful move recently before this downturn in BTC. My short term target was hit, which generally means I stop buying for a bit as a local top is likely in. I have taken this opportunity to average in on this base, this expanding wedge or asymmetrical megaphone presents a problem though. Note the break of OBV to the downside, if this is not just a flush this is bearish. Given that this is just a 4-hour chart we could see more downside to the purple long-term trend line. If BTC really dumps I think we could see 41$ again.
-In summary, I am very conflicted on direction here, BTC decides where we go. An expanding pattern such as this means more volatility than we have seen.
-A high of 70 if AVAX depegs from BTC
-A low of 41 with a more likely retest of 48 is most likely.
AVAXUSDT - In Bullish TrendAVAXUSDT is trading in bullish trend making higher highs and higher lows.
Where does it go?(AVAXUSDT W)BINANCE:AVAXUSDT The expected target is visible on the chart. If a second target is provided, it is likely to be achieved.
AVAX Pice Update
The price is moving up in a channel pattern, but it's facing resistance at the trendline. If it breaks above and then retests the trendline, it's usually a bullish sign. However, if it fails to break through, it could mean a possible market correction.
avax short hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
AVAX - Target $100 - 49% increase - Cup and handle break outHello, AVAX looks to break out from a cup and handle pattern and can potentially increase up to $100 which is an increase of approx. 49%.
AVAX USDTAVAX USDT is showing beautiful pattern of HH and HL.
TP and SL are placed.
What do you guys think, will this tp hit?
AVAXUSDT Next Target $100AVAXUSDT broke through its resistance and is now aiming for $100. Traders are excited about the surge and expect it to keep going up. With this momentum, AVAXUSDT could soon hit its target, making a big move.Despite AVAXUSDT’s upward push towards $100, it’s essential to maintain a stop loss strategy.
AVAXUSDT (1D Chart) Technical analysis
AVAXUSDT (1D Chart) Currently trading at $61
Buy level: Above $58
Stop loss: Below $47
TP1: $70
TP2: $80
TP3: $90
TP4: $100
Max Leverage 3x
Always keep Stop loss
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Avalanche Price Rallies 12% Amid Binance AnnouncementThe cryptocurrency market is abuzz with excitement as Avalanche ( CRYPTOCAP:AVAX ) experiences a remarkable surge of nearly 12%. This surge coincides with a strategic announcement from Binance, the leading crypto exchange, signaling a significant shift in market dynamics.
Binance's Endorsement Fuels Momentum:
The surge in CRYPTOCAP:AVAX price underscores the growing confidence of investors, propelled by Binance's latest move. With the introduction of a USDC-margined AVAX Perpetual Contract offering up to 75x leverage on its Futures platform, Binance aims to enhance trading options and user experience, stimulating trading activity and liquidity for $AVAX.
Expanding Trading Options:
Scheduled for March 20, 2024, Binance's USDC-margined CRYPTOCAP:AVAX Perpetual Contract opens new avenues for traders, enabling them to capitalize on increased leverage options. The 10% promotional trading fee discount until April 3, 2024, further incentivizes trading, while the Multi-Assets Mode feature provides flexibility across multiple margin assets.
Binance's Strategic Commitment:
Binance's endorsement through the introduction of the CRYPTOCAP:AVAX Perpetual Contract underscores its strategic commitment to expanding offerings and meeting user needs. By providing access to CRYPTOCAP:AVAX trading with enhanced leverage options, Binance reinforces its position as a key player in the crypto market.
Impact on Market Sentiment:
Binance's endorsement signals a vote of confidence in Avalanche's potential, driving positive market sentiment and investor interest. With increased access to CRYPTOCAP:AVAX trading and favorable trading conditions, demand for CRYPTOCAP:AVAX is poised for further upticks, potentially driving its price higher.
Avalanche Foundation's Board Expansion:
In addition to Binance's announcement, the recent expansion of the Avalanche Foundation's board has bolstered market sentiment. These developments underscore the growing significance of CRYPTOCAP:AVAX within the cryptocurrency ecosystem, attracting attention from investors and enthusiasts alike.
Current Status and Future Outlook:
As of writing, Avalanche ( CRYPTOCAP:AVAX ) price surged to $62.52, marking a significant gain of 12.73% with a monthly increase of around 50%. With trading volume holding steady and the potential for further upticks, CRYPTOCAP:AVAX continues to capture the attention of investors, positioning itself as a promising asset within the cryptocurrency market.
AVAX weekly room to runAVAX following sol has very strong momentum but is a bit behind in momentum. I redrew a full Fibonacci on the monthly and Avax approaches the golden momentum fib sooner than much of the market. My short-term price target has been smashed. I still await a correction and am very exposed to the market regardless of direction. I have stables ready to deploy if we get a harsh correction on BTC before mid April which has been my thesis.
-Next target 70$ short-term
-Medium term 86$
-Yearly, a retest of 130 or all-time-high territory
AVAX - Possible targets Long term we are bullish for avax, we do expect higher prices of minimum $60.
Having said that, this can happen in a number of ways, and we have a plan for all of them.
We currently own avax after buying at $16 and again at $23 after the breakout we collected some profits at $40 and the rest we are keeping for the next tp at $60 and lastly $100.
For now avax is holding the current level and we expect a bounce soon after some accumulation in the area shown between $35.6 and $40. We are staying long and possibly accumulating in this zone for now, there is nothing suggesting that we might break below.
If we do break below, confirm the breakdown and follow through, then we expect another 35% drawdown that would bring us back to the $22 level. If this happens most people will be bears and calling for even lower prices, we however will be accumulating even more provided that there are no macro bear signs in the total chart or btc.
So the strategy is clear, above 35/36 we are bullish and expect higher prices, below that we expect the price to fall to $22.
On the 4h a break below $40 might also give us a chance to enter with a leveraged long. This scenario would come into play if the break below $40 would be weak and stay above $35, if we then broke back above $40 and backtested it as support we would count it as a failed breakdown and a great chance to long to $60. If that does happen we will update the community and hopefully post on here.
I hope this gives you clarity. Good luck!
AVAXUSDT $AVAX $AVAXUSD #AVAXUSDT - Clean break, surging higher Break above the TL indicative of continuation of trend. expect continuation to target levels:
> TL 1 = $70 (High Probability)
> TL 2 = $85 (Very Likely)
> TL 3 = $105 (Possible)
Not financial advice. #dyor
AVAXUSDT LONG SETUP AVAXUSDT is showing a continuation pattern known as bull flag series of higher highs and higher lows and also a perfect trendline support
AVAX/USDT Bullish Reversal Potential from Support Zone? 👀🚀AVAX💎 Paradisers, pay attention as #AVAXUSDT showcases a noteworthy pattern, enhancing the likelihood of a bullish reversal from its support zone.
💎 Recently, #Avanlanchi faced a rejection at a strong supply level, and now, it's breaking lower, continuing a lower low trajectory. Despite current sell-side sentiments, an interesting development is observed where the price makes an initial upward move from a flagged zone, only to follow with a downward trend, setting the stage for a potential bullish reversal from support.
💎 Should the price breach this critical support, we could witness a significant bearish descent.
Cryptolean Avalanche AVAX Update Avalanche is facing the resistance from $60.
A bullish break-out and the daily candle closure above $60, the key daily resistance, will push AVAX price higher towards $64-$67 and higher to $72 .
A bearish dip to below $54 will result in a decline to re-test $47-$49, the key daily support.
Intraday Chart
Unable to sustain the price action above $59.40, the AVAXUSDT 4-Hour chart is having a bearish intraday pullback.
A bearish dip to below $54.30 or, even better, to $47.63-$49.61 and a bullish rejection of one of these levels could offer a long trade towards $59 and higher.
A bullish move from its current price location and a break-out of $59.40 resistance will push #Avalanche to the next target of $63.89-$66.
Support once read!
Thank you.
AVAXUSDT:Bullish Flag & Volume Surge, Over 20% Upside Potential?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:AVAXUSDT
AVAXUSDT is currently demonstrating a robust bullish trend, asserting its strength above the EMA90 line. This trend is poised to persist as the price surpasses the upper trendline of the bullish flag pattern, supported by a notable increase in trading volume. Additionally, the bullish crossover indicated by the MACD Indicator further solidifies the positive momentum in the market.
With these indicators aligning, there is a favorable outlook for continued price appreciation towards our designated target. Investors can anticipate a rewarding trajectory ahead, guided by these insightful market dynamics.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Avalanche."
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Avalanche.,. Taget Avalanche can continue its growth based on Fibonacci, you may see some successive fluctuations in it. But the goals for Bahman are higher than the previous ceiling.
