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AVAX / TetherUS

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AVAXUSDT trade ideas

AVAX: Overbought at ResistanceTrade setup : Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) 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
AVAX "Unlocking Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis of AVAX** **Overview** Avalanche (AVAX) is a Layer 1 blockchain platform that offers high scalability, low transaction fees, and a wide range of applications. It is one of the most promising blockchain projects in the world, and its native token, AVAX, has seen significant growth in recent months. **Key Features** * **High Scalability:** Avalanche can process thousands of transactions per second, making it one of the most scalable blockchains in the world. * **Low Transaction Fees:** Avalanche transactions are significantly cheaper than transactions on other blockchains, such as Ethereum. * **Efficient Governance:** Avalanche's governance system is designed to be efficient and democratic. * **Wide Range of Applications:** Avalanche supports a wide range of applications, including DeFi, NFTs, and gaming. **Recent News** * **Avalanche Foundation Grants $250 Million to Support Web3 Development:** The Avalanche Foundation announced a $250 million grant program to support the development of Web3 applications on Avalanche. * **Avalanche Integrates with Chainlink Price Oracles:** Avalanche has integrated with Chainlink price oracles, which will provide more accurate and reliable prices for Avalanche-based applications. * **Avalanche Successfully Deploys Stargate Upgrade:** Avalanche successfully deployed the Stargate upgrade, which introduces a number of new features, including subnets and cross-chain compatibility. **Disclaimer** Please note that I am not a financial advisor and this is not financial advice. Investing in cryptocurrency is risky and you could lose money. Do your own research before investing.
Long
by MoonTradingForecast
1
AVAX: Resistance BreakoutTrade setup : Bullish break above $35 key level signaled continuation of uptrend. However, price got very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking. Nearest horizontal support zone is at $35 while the nearest Fibonacci Retracement levels (possible support) are $39 (23.60%) and $35 (38.20%). Hence, it appears that $35-$36 could be an attractive swing trade entry area in Uptrend, with upside potential to $50 thereafter. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
Review and analysis on the daily time frame of AVAXIn the daily analysis of AVAX, we find that this token was able to make lower floors with fake out and withdrawal of liquidity, and without a higher floor in Sharpe movements, it removed all the liquidity of the level and is moving towards the supply area, which in some cases lit says to induce In the second part of liquidity, the orders should be placed in the opposite direction and close to the fake out, which can be clearly seen in the image of the order and trading nodes, which can be used to return to this area for spot purchases and counter-trend transactions.
by CapitalinoTechnical
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