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AVAXUSDT trade ideas

#AVAX Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: CRYPTOCAP:AVAX is at the tip of the resistance trendline and the 50EMA. A breakout above the current resistance at $29.3 will possibly establish a bullish trend for AVAX. On the other hand, a rejection can be considered a good buyback opportunity in the range of $24.32 to $25.88. Key Observations: - Primary Resistance: $29.3. - Target Range: $41, $50, $58, $65. - Support: $24.32 to $25.88. Conclusion: Wait for the daily close to confirm a breakout or rejection pattern. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
Lingrid | AVAXUSDT long after FAKE BreakoutBINANCE:AVAXUSDT experienced a sharp drop in response to Mt. Gox, but the market's reaction was swift and intense, with a brief impulse move below the previous low. The price then rapidly pulled back and formed a range zone, which I view as a bullish sign given the long-tailed bar formation on the daily timeframe. Furthermore, the price has created a double bottom with divergence, indicating a potential shift in momentum or pause. I expect the price to grab the resting liquidity below the range zone before making a bullish move towards the resistance zone. My target is resistance level at 28.90 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
AVAX → Avalanche Falls to $22! Heading Back to $50?Since my May 18th update, AVAX has fallen into a pullback, as expected. We found resistance at $41.80, took half profits, and then pulled back in two strong legs. Should we be bearish or bullish on Avalanche? How do we trade this? 🤔 As expected, AVAX found resistance at the 2021/2022 resistance area of $60.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us near Push #1 support at around $25.00. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $25.00. I would not enter a long yet unless you're fading into your total position size. What we need now is two or three tests of the Push #1 support area between $23.00 and $25.00, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in AVAX. A final point of data is the RSI low and below the moving average of around 42.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us. 💡 Trade Idea 💡 Long Entry: $27.00 🟥 Stop Loss: $21.33 ✅ Take Profit #1: $32.70 ✅ Take Profit #2: $44.00 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Three legs up into a resistance zone after a breakout 2. Head and Shoulders reversal pattern 3. Two-legged pullback to Push #1 Support 4. Wait for a double-bottom followed by a strong signal and confirmation candles 5. RSI at 42.00 and below the moving average. Supports waiting for a long entry. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
3
Lower usage brings lower prices ---- AVAXThe employment data on Friday didn't change anything. Although gold and U.S.stocks rebounded, crypto continued to fall due to potential selling pressure from Mt. Gox and others. We believe this situation may continue into the interest rate cutting cycle. When recently sorting out on-chain data, including activity, TVL and other data, we found that the data of some old chains continued to decline and their fundamentals deteriorated seriously. This will result in its performance in the market being generally worse than other public chains. Avalanche is one of them. Except for the popularity of SocialFi protocol Arena in its ecosystem last year, there is almost no news at all. The same is true from the data. According to the number of 24h active addresses announced by Nansen, Avalanche holds about 40k active addresses every day, which is far less than the mainstream chains. And in terms of TVL decline, Avalanche and Optimism have become the largest heading chains with the largest decline recently. Of course, Optimism’s TVL is shared more with other chains in the OP alliance, such as Base. Avalanche, on the other hand, had a net outflow. The same is true from the indicators. Although the market has rebounded in the past two days. But AVAX is always below the wavy area of the TSB indicator. And the current trend is a downward trend that started on July 4th. This shows the weak performance of AVAX. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
✴️ Avalanche 8X SHORT (294% Profits Potential)I have some followers that like action, fast; they don't want to wait. What's wrong with that? There is nothing really wrong. If you have the right tools, the right mindset, the right amount of experience and the courage and will power to keep trying no matter what; then it is possible. It is possible now, today, yesterday, tomorrow and everyday. Everything you can think of can be achieved; there is no limit to how high we can rise in this life. ➖ Avalanche is trading below MA200 for the first time since November 2023. This level was lost as support recently and the action currently moved below it after a rejection at EMA50. This is all bearish. Now, things can change... Are you looking for fast profits? The chart can turn around and a sure win can turn into a loss; what would you do in this scenario? Would you blame me for sharing this chart or would you take the loss and move on? What if the pair breaks down and this becomes a successful trade? Is it because I shared this chart or because you decided to take action because you are already ready, ready now! for success? Full trade-numbers below... ___ SHORT AVAXUSDT Leverage: 8X Buy-in: $35 - $32 Targets: 1) $30 2) $27 3) $24 4) $21 Stop-loss: Close daily above $35 Potential profits: 294% Capital allocation: 3% ___ You can change the leverage to fit your trading style and liking. Thanks a lot for your continued support. Remember, you are a Divine being and your body is just the vehicle for your Soul. You are eternal. Thank you for reading. Namaste.
Short
by AlanSantana
16