Avax H-S FormationBINANCE:AVAXUSDT might retreat with the broken head and shoulders. 36.75 is the final support that might change the outcome. With a possible break, 32-33 is my target.
AVAXUST trade ideas
Buy Signal for AVAXUSDTAnalysis:
RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum.
MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias.
Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point.
Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3.
Trade Plan:
Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD.
Take Profit:
TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile.
TP2: Place the second take-profit level at the next zone of higher volume in the volume profile.
TP3: Target the third take-profit level at the subsequent zone of higher volume.
Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
AVAX heads up at $43: Break could run to $69 or reject to $20This is a follow up to my post linked below.
AVAX broke out of range and ran to major resistance.
At a Genesis (from birth) Golden fib plus local Golden.
This could end this particular wave, or break and run.
Drag the PRICE scale DOWN to see other zones above.
$ 43 is the immediate resistance then $49 per last high.
$ 69 above is the next Golden fib (sister of this one at 43).
Previous analysis looking for break out:
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Trading Analysis for AVAX/USDT
Certainly! Here's the analysis translated into English:
It seems that you have made a decision based on a technical analysis of the AVAX/USDT chart. You mentioned that the price has broken an important zone and is currently testing the zone between 38.9 and 39.6. In this scenario, you have decided to take a selling position, with a profit target set at 33.17.
Here are some elements you could include in your analysis:
Identification of the critical zone: Describe the zone you consider important, explaining perhaps the technical or fundamental reasons that make this zone significant.
Breakout of the zone: Specify how the price managed to break this critical zone. This could include technical indicators, support and resistance levels, or other relevant factors.
Testing the zone: Explain why the current test in the 38.9 to 39.6 zone is important. Has the price bounced off this zone in the past? Are there candlestick patterns or other technical signals confirming the validity of this zone?
Selling position: Explain why you chose to take a selling position. This could include specific signals from your technical analysis or reversal patterns.
Profit target: Explain why you set your profit target at 33.17. This could be based on previous support levels, Fibonacci ratios, or other technical factors.
Risk management: Make sure to mention how you will manage the risks associated with your position. This may include using stop-loss orders to limit losses.
Finally, remember to advise traders that this is a personal analysis and that financial markets involve risks. Good luck with your trade!
AVAXUSDT POP OR DROPHeres my thoughts
AVAX is currently sitting at strong resistance.
Looking to break out and reclaim the POC
Daily close needs to be above 39.95 for more upside.
Lets she how she goes.
I am learning the ropes so don't follow I'm normally wrong !
AVAX UpdateEven if the market is euphoric, we need to watch certain levels.
In this example , AVAX is clearly displaying an ascending channel and not is in the lower range.
Current major support at $38 and a possible high of around $45 .
Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.
#AVAX the BEST 2 areas to look for a buy setupfor me
those are the BEST 2 areas to look for a buy setup
area 1:
19.85-20.85
area 2:
12.85-13.85
🏔️💰 Avalanche (AVAX) Weekend Analysis📉 Technical Overview:
Support Test: AVAX tested the bottom of the range resistance level at approximately $38.50.
Support Level: $38.50 now functioning as a support level.
Plan: Consider entering a spot long trade if there is another test of the support level.
💡 Profit-Taking Strategy:
Target Resistance: Aim to target the next resistance area between $50.00 and $52.50.
Stop-Loss Placement: Well-defined stop-loss set just below the minor support level at $36.00.
Risk Management: Protect the trade from significant downturns and keep losses within acceptable limits.
🔄💼 Note: Stay vigilant for potential developments that might impact AVAX's price movement. 📈💡 #Avalanche #AVAX #TechnicalAnalysis 💻📊
AVAX/USDT Bullish Channel In H4A chart of the AVAX/USDT currency pair on a 4-hour timeframe. The chart displays a Bullish channel pattern.
Bullish Channel : The Price has been Trading within a Bullish Channel for Some time, characterized by a resistance line at the top and a support line at the bottom.
The price is currently trading at Bottom of channel pattern, if Breaks the Downside then it start Bearish Sign.
However, it is still early to say whether this is a genuine breakout or a false signal.
Recent News:
Music industry eyes DeeStream presale after Ethereum and Avalanche whales join: This news suggests potential increased interest in the Avalanche network from institutional investors, which could be positive for AVAX price.
Thank you.
AVAXUSDT.1DBased on the given market data, the AVAX/USDT pair is currently trading at $40.50. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.54, 57.72, and 74.0 respectively, indicating a neutral trend in the short term (4h) and slightly bullish trend in the medium (1d) and long term (7d).
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.11, 1.60, and 6.32 respectively. The negative MACD in the short term could indicate a potential bearish reversal, while the positive MACD in the medium and long term suggests a bullish trend.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 43.79, 43.57, and 52.14 respectively. The current price is below the middle band in all three time frames, indicating a bearish bias.
The support levels for 4 hours, 1 day, and 7 days are $38.18, $37.50, and $27.82 respectively, while the resistance levels are $44.0, $44.0, and $49.60 respectively. If the price breaks the resistance, it could move towards the next resistance levels. Conversely, if the price breaks the support, it could move towards the next support levels.
In my opinion, the AVAX/USDT pair is currently in a slightly bullish trend in the medium and long term, but with some potential bearish reversal in the short term. Traders should watch the support and resistance levels closely, and consider the RSI and MACD indicators to make informed decisions. As always, it's important to consider other factors such as market news and overall market conditions before making any trading decisions.
AVAX Elliot Wave?
75% rise or fall will occur in the direction of the breakout
I'm putting it on my waiting list. If there is a breakout, you can enter the transaction or buy and sell now according to the support and resistance zones.
I wish everyone good investments and abundant profits.
AvalanchAttention! 🚨
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! 📈💼🚀
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Thank you for your support! 🙏💰
AVAX/USDT is rebounding from support line..1-hour chart, the crypto price is trading in a falling wedge. Tested the support line S and rebounded. It should test the Resistance line R.
After crossing, and closing for 3 candlesticks above R, the target will be 41.8 extending to 43.6
Stop loss below Support line S.
Potential short for AVAX/USDT? Looks like avax may do a pump to my buy target at the chart, making it a good short opportunity as long as it does not hit the profit target before it goes up.
Again i would not enter now for a scalping
rsi showing down
while oscillator having a small upside potential giving us a opportunity for a short trade.
Avalanche is seen in a rising wedge4-hour chart, I see this crypto as trading in a rising wedge (almost a channel), and heading upwards to 45 in few days.
RSI techn. indicator is supporting this view.
Stop loss below support line S
Avalanche(AVAX): Rejected From Bollinger BandsAvalanche is showing us some rejections near the upper line of Bollinger Bands, which pushed the price back, but is not leading it towards the middle line of BB.
We are monitoring for price to reach that line there and most likely break it as well!
Swallow Team
AVAX Macro Potential Bull Run TargetsAs the market reaches an important pivot point in both time and price, we are looking at major rejection or a major rally.
Currently there has been no macro brakes of structure and prices have been continuting to rise. While these pivot points bring excellent short oppertunites the trend is still to the upside until it is not.
Looking at the Avax weekly we can see that a mesured move target is aligning quite nicely with the time factor given by the wave trend oscillator. Money flow is still in the red but is curving to the upside after a bounce off a critical support resistance flip.
Also notice that price is in the macro golden pocket and if the entire market wants to reverse to the down side this would be the place. For now the trend is intact and always best to trade the trend until it ends.
Current trading plan is to hold long until there is a clear brake of structure on the higher time frames or these macro high targets have been reached.
This chart is a supplement to the projections made earlier this year in the linked chart below.
Trade Well...
Your Friend,
Degen
Avax Short Term TradeHello community!
Avax:
1. Has strong level
2. Has accumulation base which is good to have clear stop loss.
3. Has potential space for growing till 39.45
AVAXUSDT 1H TF (H&S Reversal, Divergence & break of neckline)AVAXUSDT shows a bearish momentum based on:
(1) Bearish Divergence (1H)
(2) Head & Shoulder Reversal
(3) Break of H&S neckline
Trade Plan
SL: Previous LH
Entry: CMP
TP1 and TP2: 1:2 risk to reward.
What do you think, will it work?
Avax long Target 1: 50$ and Target 2: 68$Avax ( COINBASE:AVAXUSD ) nice breakout
1. Supertrend positiv
2. positiv accumulation
3. positiv squeeze
long Target 1: 50$ and Target 2: 68$
Avaxusdt ,,,, technical analyst In the short term, after crossing the 42500 resistance, it reaches the specified areas respectively, you can target the average of these areas in the short term, but if it fails to cross the resistance area. It will correct and then continue to climb.
Avaxusdt ..technical analyst By crossing the resistance zone, around 42, the price , will grow to the upper zones, which I specified the targets on the chart.
AVAXUSDT BUY-During this period, the currency has been growing rapidly, this growth can continue, therefore, we can activate buying in the right situation.
