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AVAXUSDT trade ideas

avalanche to 235🚀 AVAX: Potential for $235 in 1.5 Years 🚀 1️⃣ Current Status: AVAX at $41.28. 2️⃣ Avalanche Ecosystem: Unique consensus, positive momentum. 3️⃣ Market Trends: Resilient, poised for growth. 4️⃣ Ecosystem Developments: Expanding with projects and partnerships. 5️⃣ Technological Advancements: Avalanche consensus sets it apart. 6️⃣ Tokenomics: Capped supply, rising demand. 7️⃣ Bullish Projection: AVAX could hit $235 in 1.5 years. 8️⃣ Risks: Stay informed about market dynamics. 🌌 AVAX's journey has just begun. Get ready for exciting times ahead! 🚀
Long
by DoxThisDude
AVAX → Avalanche Reversal Imminent!? The Tipping Point is Near.Avalanche (AVAX) is burning red hot on the charts and flirting with the idea of a reversal. Do we have the justification to short here? Or will the trend continue upward? How do we trade this? 🤔 AVAX has three pushes up in this trend, three sell bars near the $44.00 level, and an RSI level of 82.00 and below the Moving Average. These are all signs that a trend change is coming in the near future and at the very least, entering a long position here is not justified. It is reasonable however to capture some of the downward price action with the correct indicators. We need break below the bull channel support around the Daily 30EMA with a strong bear bar closing on or near its low. Followed by a retest of the channel support as resistance to confirm that the bull trend is over. At this time, its reasonable to scalp a short at 1:1 Risk/Reward around the $31.00 level, stop loss at $37.00, and take profit at $25.00. It is also reasonable to go for a 1:2 Risk/Reward down to $19.00 after moving your stop loss up to your entry price and taking half profits at 1:1 Risk/Reward. Until then it's wise to remain on the sidelines and wait for the correct signals to enter the market. 💡 Trade Ideas 💡 Short Entry: $31.00 🟥 Stop Loss: $37.00 ✅ Take Profit: $19.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Three Pushes up in Trend with Sell signal, Signal to Change Trend. 3. Gap to Second Push Support Line. 4. RSI at 82.00 and below Moving Average, Strong Bias to Short 5. Wait for Short Confirmation bar before entering a position. 💰 Trading Tip 💰 Probability that the price will go the direction of the trend is low at the beginning (swing trade) and end (late scalp) of a trend. Proportion your position size, risk (stop loss placement), and reward (take profit placement) to the probability of profit at your entry price. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
AVAX Rests on Key Support, Will It Break Out or Break Down?BINANCE:AVAXUSDT managed to surpass the resistance level at $37.15 within the last few days. Following this breakthrough, its price has been experiencing a consolidation phase. However, it appears that traders are currently selling off their AVAX holdings as the coin approaches a support level. If AVAX fails to maintain a daily closing price above $37.15 within the next 48 hours, it could potentially decline to as low as $27 in the coming week. Conversely, if AVAX manages to stay above the $37.15 mark, there is a possibility of the cryptocurrency's price ascending towards the resistance level of $52.60 in the short term. The technical indicators observed on AVAX's daily chart suggest a potential price drop in the upcoming days. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are currently displaying bearish signals. The MACD line is approaching the MACD signal line, which could indicate a reversal towards a bearish trend for AVAX if these two lines intersect. Additionally, the RSI line recently dipped below the RSI Simple Moving Average (SMA) line in the past few days, signaling that sellers are gaining an advantage over buyers.
Short
by StevenWalgenbach
1
⚡️AVAXUSDT CMC TRADING ⚡️ LQ GRAB ENTRY MODELIn AVAXUSDT, there has been a successful capture of Liquidity (LQ) above the point of interest, surpassing the prior high established on the left side. Subsequently, there is a retracement inside indicated by ChoCh, forming a Former Value Gap (FVG) or Imbalance on the corresponding Order Block (OB). Our anticipation involves a retracement, tagging in, and subsequently filling the FVG for an opportune short entry.
Short
by ChampsMoneyConcepts
2
Avalanche ($AVAX) Surges 400% in Two MonthsAvalanche (AVAX) outperforms majority of large-caps, jumps to pre-LUNA-collapse levels. After a marvelous 30% upsurge last week, AVAX replaced Dogecoin (DOGE) as the ninth largest cryptocurrency asset. Its upsurge is driven by a combination of long-term and short-term catalysts as AVAX outperforms almost all large-cap altcoins. Avalanche (AVAX) price rally expands The price of Avalanche (AVAX), the core native asset of the eponymous blockchain network, set a new local high at $44 on major spot exchanges today, Dec. 16, 2023. Last time AVAX was so expensive on May 8, 2022, before the ecosystem of Terra/Luna collapsed. As such, today marks an 83-week high for the AVAX price. Last week, AVAX became the fastest-growing altcoin in the top 20 of the largest assets; in the top 30 of CoinMarketCap it was only surpassed by Internet Computer (ICP). In the last 24 hours, $4.88 million of AVAX positions, mostly shorts, were liquidated. The largest single liquidation was registered on OKX in an AVAX-USDT short and exceeded $128,000 in equivalent. In the last two months, the total value locked (TVL) in Avalanche-based decentralized finance (DeFi) protocols almost doubled: It soared from $487 million to $949 million. Benqi, Trader Joe, Aave and GMX are the largest and fastest-growing DeFis in the ecosystem.
Long
by DEXWireNews
#AVAXUSDT (WATCHLIST) 10-2023!#AVAXUSDT Project category: Layer 1 blockchain protocol Avalanche is a decentralized platform for launching finance applications and enterprise blockchain deployments. It provides high throughput, low latency, and low-cost transactions. Avalanche is also highly scalable and can support a large number of users and applications. Market cap: $3,745,090,955 USD (as of October 26, 2023) Coin supply: 355,017,520 AVAX Max supply: 720,000,000 AVAX AVAX is the native token of the Avalanche network and is used for staking, paying transaction fees, and accessing dApps on the network. AVAX is currently ranked #20 by market capitalization on CoinMarketCap. Add to your watchlist When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
1
AVAX: Resistance BreakoutTrade setup : Bullish break above $35 signaled continuation of uptrend. However, price is now very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS