AVAXUST trade ideas
Avalanche AVAX Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
AVAX USDTAVAX Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 36.51. Remember stop loss is your friend. Everything is on the chart.
Entry 36.51
S.L 35.49
T.P 1 37.85
T.P 2 39.48
AVAX 05/05/2024Stop loss 10%.
It is important to use stops loss, then you can get it from the lower prices and bigger quantity. Price tapped our support level at 29.33. It worked very well and filled the imbalances as well.
Avax long, looking strongAvax looking good!
Break of daily trend and a retest of the break could be a nice entry.
We also have support (and could see bounce) from 20 and 200 Moving average.
Avax is in a good position to starting a new wave.
With some help from BTC, this could be a killer entry.
Non financial advice - but for me, DCA or trade are both good options.
AVAX Good To GooO!Hi Traders, after much consolidation with market Avax just break the trend line and it's ready to FLY. Meanwhile the trigger is strong candle breakout to close above 36 and enjoy the ride.
This is just for educational purpose, not a financial advice. Have great day
AVAX CryptoAVAX price hovered around the narrow range between $32- $35 and faced 200 day EMA resistance.
WYCOFF ACCUMULATION IS ON THE TABLELooks like a Wycoff Accumulation is on the plays. Be prepared for this scenario
AVAXUSDT in continuous Down TrendAVAXUSDT in down trend after making Bearish Flag and not making any divergence
AVAXUSDT (1H) Long ThermThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and advice givers. It should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.
Second chanceHey all! I think this will be a double bottom to recover the tendency again. This can be a bullish scenario, let's see!
AVAX: sell in high level of reng📊Analysis by AhmadArz:
🔍Entry: 38.86
🛑Stop Loss: 42.68
🎯Take Profit: 36 -32.91 -30.35
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Avalanche in 2024: Boom or Bust? Examining Analyst Predictions The cryptocurrency space is a whirlwind of predictions, with influencers and analysts vying for attention with bold claims about the future of various digital assets. One such case is Crypto Archie, a popular Twitter personality who recently made a bullish prediction for Avalanche (AVAX), a gaming-centric cryptocurrency. With AVAX experiencing a significant rise this year, the question remains: is Avalanche poised for an "explosion" in 2024?
Avalanche's 2024 Trajectory: A Look at the Numbers
Crypto Archie's prediction certainly piques investor interest. Avalanche has indeed made impressive strides in 2024, boasting a 158% year-to-date (YTD). This growth is a testament to the increasing adoption and potential of the Avalanche ecosystem.
However, recent price fluctuations paint a slightly different picture. Trading around $35 at the time of writing, Avalanche seems to be experiencing a period of uncertainty. The Relative Strength Index (RSI), a technical indicator used to gauge market momentum, currently sits around 52. This suggests a balanced market, with no clear indication of overselling or overbuying. This neutrality could be interpreted as a sign of consolidation before a potential breakout, but it also reflects investor hesitation.
Technical Support and Resistance: A Range-Bound AVAX?
Currently, Avalanche seems to be tethered between $30 and $34. This relatively narrow range indicates potential price fluctuations within these boundaries in the near future. While this might not align with Crypto Archie's vision of an "explosion," it doesn't necessarily negate the possibility of future growth.
Beyond Predictions: The Strength of Avalanche's Technology
While analyst predictions and price movements are important factors, they shouldn't be the sole basis for investment decisions. A crucial element to consider is the underlying technology powering the cryptocurrency. Avalanche boasts a unique architecture designed for scalability and speed, addressing some of the limitations plaguing older blockchains like Ethereum.
Avalanche's platform allows for the creation of subnets, essentially customized blockchains for specific applications. This caters particularly to the gaming industry, where fast transaction speeds and scalability are paramount. Additionally, Avalanche's security relies on a Proof-of-Stake (PoS) consensus mechanism, which is considered more energy-efficient compared to Proof-of-Work (PoW) used by Bitcoin.
These technological advantages position Avalanche as a strong contender in the burgeoning blockchain-powered gaming space. Increased adoption from game developers and players could fuel future price growth for AVAX.
Investing in Avalanche: A Calculated Approach
While Crypto Archie's prediction injects optimism, it's essential to approach cryptocurrency investments with a healthy dose of skepticism. The market is inherently volatile, and unforeseen events can significantly impact prices.
Conducting thorough research beyond analyst predictions is crucial. Understanding the technology behind Avalanche, the competitive landscape, and the overall market trends is essential. Additionally, investors should consider their risk tolerance and develop a well-defined investment strategy before committing any capital.
Avalanche in 2024: A Promising Future Built on Technology
Whether Avalanche experiences an "explosion" in 2024 remains to be seen. However, its robust technology, focus on the booming gaming sector, and existing community support create a compelling case for its long-term potential. While short-term price movements may be uncertain, Avalanche's fundamentals offer a solid foundation for future growth.
For investors, careful research, understanding individual risk tolerance, and building a balanced portfolio remain key to navigating the ever-evolving cryptocurrency landscape.
AVAXUSD Bullish set-up 7RAVAX looks good for a scalp long, this is the same set-up as the before mentioned ATOM long. RSI has a bullish divergence and it broke out of the downtrend and succesfully retested.
TP1 36.8
TP2 40
SL 4H close under 33.5
R:R 7
Lingrid | AVAXUSDT potential CHANNEL breakoutBINANCE:AVAXUSDT made a rejection at the resistance zone and bounced off. The bulls did not have enough strength to form a new, strong bullish move. Price action broke through the key level at 35.00. I think it might form a second impulse leg downside by breaking the channel border and retesting the lower support level. On the daily timeframe, we have bearish impulse legs. I expect the market to break through the channel border and retest the previous lows. My goal is to support around 31.50
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
#AVAX Price is trading inside a descending channel pattern Pri#AVAX
Price is trading inside a descending channel pattern
Price reached the channel's upper resistance but could not break through
A sharp downside move could lead to a decline towards the $32 to $27 support zone
📈Technical Analysis: AVAX for Potential Trading Opportunities🚀📈 Comprehensive Analysis of AVAX: Daily Market Insights 📈
☀️In today's analysis, we embark on a journey into the intricacies of Avalanche (AVAX) trading, exploring potential avenues for profit amid evolving market conditions. As we delve deeper into the dynamics of AVAX, we uncover compelling insights that could shape your trading decisions.
🔍Zooming into the 4-hour timeframe, AVAX witnessed a noteworthy retracement following its ascent to the $63.78 mark, experiencing a 50% pullback. However, the retracement lacked significant bearish momentum, hinting at underlying strength within the market. This suggests the potential for a bullish continuation, with a promising trigger emerging on the horizon.
📉Amid recent market volatility, AVAX found reliable support around the $33.13 level, followed by a rebound and subsequent retracement to the 0.382 Fibonacci level. Despite minor fluctuations, the prevailing sentiment leans towards optimism, as sellers struggle to exert sustained downward pressure. This sets the stage for potential long positions, contingent upon buyer confirmation.
📊While current volume levels remain subdued, reflecting typical weekend trading patterns, there's a modest uptick compared to previous sessions. However, volume alone fails to decisively affirm the direction of the trend. Meanwhile, RSI presents a noteworthy signal around the 65.43 mark, indicating the potential for overextension and signaling bullish momentum if surpassed.
💡For traders eyeing short-term opportunities, consider a long entry upon breaching the $39.28 threshold, coinciding with the 0.5 Fibonacci level and offering confirmation of bullish momentum. Patience is key as volume dynamics unfold, potentially affirming buyer conviction. Additionally, monitor for a potential short entry below $33.13, particularly as the SMA99 converges with candlesticks, hinting at potential bearish momentum.
📝As we navigate the complexities of the AVAX market, it's imperative to remain vigilant, adapting your strategy in response to evolving market dynamics. The current landscape presents an array of opportunities for astute traders to capitalize on potential price movements. Stay tuned for ongoing updates and insights as we continue to dissect the intricacies of AVAX trading.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
avax/usdttarget is 44$ , the orange line. mid to long term target is 60-70$
entry : green lines!
comment : dollar cost average on avax on green lines. easy spot play which I'm going to take.
AVAX, the flattening? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Same levels on watch since last update,
when it pivoted at AOI. 🧵
I see a 3 wave move up, but honestly,
doesn't matter.
Many variations would benefit from at least one more low.
$38 break and flip needed.
$26-$22 AOI if lower atm.
AVAX-USDT | 4H | TECHNICAL CHARTHello traders, AVAX has completed its first 5 waves, and now it's time for the completion of the ABC wave. Right after the completion of wave C, I combined harmonic patterns and made an analysis of both. I marked my target with yellow arrows on the chart after the completion of the harmonic pattern.
If you want me to keep my analysis up to date, please don't forget to like this post.
Thank you for considering my analysis and perspective.
