AVAXUST trade ideas
AVAX - If We Break The Lows We Head Lower....An observation on the chart that may pique interest: You could consider shorting this market.
If so, await a breach below $38.38 and target $33.65, setting a stop at $39.14 if it continues to resist without surpassing.
In that case, consider the last high made by the mini Wave E.
✴️ Avalanche Wave B Is Over, Set To Move LowerI think Wave B is now over and Avalanche is set to resume moving lower.
We are looking at a Zig-zag correction.
➖ Wave A is the first drop while wave B is a lower high compared to the start of wave A.
➖ Wave C should end the correction and finish as a lower low compared to wave A.
➖ Trading volume continues to decrease;
➖ The RSI already peaked;
There is potential for lower prices.
See the "Related ideas" below for additional information on this bearish move for Avalanche (AVAXUSDT).
Needless to say, we are short for the duration of the bearish wave.
Namaste.
AVAX Inverse Head & ShouldersAVAX looking for a possible pullback ( 4hr time frame )
level to break around 41.34 for entry ( add on retest )
( the Inverse Head & Shoulders - is ugly but I know traders see this )
Not recommended to front run the breakout
the recent pump was about 23%
a retracement would be healthy
currently RSI is in overbought territory
and would like to see more volume come in with breakout
Alert set at 42.20 level / price
New ATH AVAX weekly based on historical fib extensionIf history repeats itself and AVAX remains fundamentally strong then I could imagine this desirable scenario :-) It is based on the same fibonacci extension levels as those of the first- and the second ATH in 2021. I have extended these levels to the future in mid-2025. There is also a hidden bullish divergence visible on the weekly chart.
AVAXThe price chart for CRYPTOCAP:AVAX shows growth potential. If it confirms a breakout above the indicated blue zone, an entry point around $37.52 could be favorable. It's essential to use a stop-loss for risk management.
Everything is on the chart. All the targets are marked.
Avax possible bullflag The recent price action of AVAX shows a consolidation period following a strong upward move, forming a pattern resembling a flag.
A breakout above the upper trendline of the flag could signal continued bullish momentum, potentially pushing the price towards targets around $37-$40 based on the flagpole height.
Increased trading volume often accompanies breakouts, further strengthening the signal.
Cautious considerations:
Technical indicators alone shouldn't be the sole driver of investment decisions. Fundamental factors like the overall market sentiment, upcoming news events, and on-chain data for Avalanche also play a significant role.
The cryptocurrency market remains volatile, and unexpected swings can occur despite technical patterns.
False breakouts are also possible, where the price briefly surpasses the flag's upper trendline but then falls back, potentially leading to losses.
Overall:
The potential bull flag on the AVAX/USD daily chart presents an interesting opportunity, but it's crucial to approach it with caution and consider all relevant factors before making any investment decisions. Conducting thorough research, using stop-loss orders, and diversifying your portfolio are key risk management strategies in the volatile cryptocurrency market.
AVAX retaking trendAVAX is back to the prior momentum trend line after the washout that alts saw. The token is one of my top 5 holdings and my strategy for this run is to take lots of my small cap profits into AVAX. I also plan on holding the majority of my stablecoins on the chain since they have native USDC. My medium term price target is 55$ right before the golden fib. There really is no price history until that point since the token went straight up and straight down through 50$.
AVAX inteligentassetIn our latest review, AVAX was exhibiting a bearish trend, characterized by lower highs and lower lows.
However, the trend has now shifted, with a daily candle closing above $37.5, indicating a potential change in momentum.
Bullish scenario
Key resistance levels to watch are at 41.6 (previous pivot high), followed by 48.18, 56.47, and 68.
bearish scenario
supports 38.26, 34.75 in 50 ema, 30.5, 27.8 pivot low
AVAX to go much higherAVAX came down to my buy zone and now ready to take off for the next leg up. The long term chart looks great for massive move to the 90 dollar range.
My next target is $52. And after that the door opens up for $93 to $100. I added to my longs at $34 dollars.
Not a financial advise. DYOR.
AVAXUSDT Elliott Waves (Investment Idea)Hello friends.
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Everything on the chart.
Main(investment) target zone: 250-300
Targets: 75 - 150 - 250
Cancellation of setup - consolidation under ~11
RR: 1 to ~35
risk is justified
Good luck everyone!
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It's not financial advice.
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avax usdt avax failed to break the resistance here , minor support is the target to go long now , if it breaks then blue zone is the liquidity grab , i'm expecting a bounce from the minor support here
AVAX - Update On The Count...I think exercising patience is crucial with this pattern. I've opted to temporarily withdraw my short position because it seems like a weak 5-Wave movement is unfolding, necessitating additional time to mature. I prioritize safety over risking a rebound upward since it doesn't conform to a straightforward 5-Wave pattern, thereby lacking proper resistance or stop levels.
$AVAX in this week or soMost of this analysis is based of FVG , The Fair Value Gap gives you a story in which you are the narrator and bias.
-z9late
AVALANCHE - Short Trade For Wave E of Wave (B)....This brief video about one of my current trades is predicated on the notion that we're currently in a Wave (B) within a Wave D, anticipating a substantial Wave E correction to the downside. My stop level stands at 39.50 currently, with an expectation of a descent to at least 37.67. However, I'm inclined to think it could potentially decline even further, as indicated in the video.
AVAX BULLISH MOMENTUM!!!Avalanche is an open-source blockchain ecosystem created for building decentralized applications that are interoperable and highly scalable.
It has a unique powerful consensus mechanism, and it’s capable of processing up to 4,500 transactions per second.
The speed of transactions makes it near instant and enables it to undertake financial transactions on a global scale.
The Avalanche blockchain was created and developed AVA Labs, which was founded by Emin Gun Sirer
The unique capabilities of the blockchain captured interest and it raised $42 million in its ICO in July 2020.
AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).
I expect AVAX to rise to $65.
Hello everyone!
#AVAX has established itself above the 0.5 Fibonacci level amid market growth. I anticipate further movement in the near future towards $65.
All targets are on the chart.
This is not financial advice, everything you do is at your own risk!
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AVAX/USDT - Avalanche: Trend Reversal◳◱ On the $AVAX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 37.55 | 40.22 | 45.52 and support near 32.25 | 29.62 | 24.32. Entering trades at 35.29 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Avalanche
▣ Rank: 10
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
◰◲ Technical Metrics :
▣ Mrkt Price: 35.29 ₮
▣ 24HVol: 97,441,798.042 ₮
▣ 24H Chng: 2.796%
▣ 7-Days Chng: 4.15%
▣ 1-Month Chng: 1.68%
▣ 3-Months Chng: 139.28%
◲◰ Pivot Points - Levels :
◥ Resistance: 37.55 | 40.22 | 45.52
◢ Support: 32.25 | 29.62 | 24.32
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.92
▣ Last 90D: 3.90
▣ Last 1-Y: 1.04
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.89
▣ Last 90D: 1.17
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth AVAXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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#AVAXUSDT > 1HHere as we are in a beginning of Up-Trend but its preparing for the retest first, thats why we have to manage our Risk/SL carefully.
Drop your ideas in the comment.
AVAX: Bullish Trend Continues Amid Correction Phase💎AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).
💎The formation of this bullish candle from the OB increases the probability of a bullish movement towards the next supply area around 37. If the price manages to break above this level, it would signify another BOS formation, potentially providing further bullish opportunities on pullbacks until the next resistance level of 41.73 is reached.
💎On the bearish side, a breakdown below the low level of 32.28 would indicate that bears are still in control of the market. In such a scenario, we could expect further correction towards the next support level around 29.31.
AVAX: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $35 resistance as well. Price could swing up to $40-$43 range near term for a +20% gain. Stop Loss at $32 (just below the last swing low).
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35, then $50.
AVAX ANALYSAvax can drop to around 23-24 dollars in this correction
If there are major changes in the chart... we will update it in the next post.
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