$AVAX going up w/ $BTC?H&S pattern forming for AVAX
same like UNI it looks like it's a decent entry if you can hold long term or a short term gains just to flip till next resistance
AVAXUST trade ideas
AVAX → Avalanche At Resistance! Reversal Time? Let's Answer.Avalanche had one more nudge toward the 2021/2022 resistance level since my last analysis, creating a bearish divergence and setting us up for a short trade. Should we short now?
How do we trade this? 🤔
As stated in my last analysis and this one, we need a short signal and confirmation for justification to short AVAX. Our proposed third push up from the previous analysis never rendered a sell signal and has now created a bearish divergence with the RSI. This means the price had a higher high and the RSI a lower high, signaling weakening bulls.
This does *not* mean we enter a short now, it's too risky without more price action. We need a strong sell signal and preferably, a break below the channel support and a re-test for resistance. Then short down to the Daily 200EMA at a 1:2 Risk Reward Ratio. It's also reasonable to take half profits at a 1:1 Risk Reward (around $28.00) and swing the remainder at a 1:3 risk reward or until a reversal signal shows itself.
💡 Trade Idea 💡
Short Entry: $34.00
🟥 Stop Loss: $25.00
✅ Take Profit: $40.00
⚖️ 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 63.00 and below Moving Average, Divergence.
5. Wait for Short Confirmation bar before entering a position.
💰 Trading Tip 💰
Divergences between price action and the RSI are not strong signals on their own. Combined with three pushes up in a trend, a major resistance area, and a sell signal, renders a higher probability of profit for reversal trading.
⚠️ 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!
Avax long set up AVAX pumped and hit the 2.618 level perfectly, and retraced back down to the 1.618 fib level. Also as you can see a strong support has been formed (white line accross the graph) and it almost lines up perfectly with the support trend line, giving more conformation of support levels.
Support is around $31.115 and that would be my entry, with a tight stop loss incase the support breaks.
#AVAXDue to the formation of a descending structure in the lower times H1-H4, we see lower floors and ceilings and a corrective formic. Therefore, if the stabilization candle is not recorded above $37.5, this correction will continue and the first target of this correction will be the $25 range. Therefore, any pullback to the range of $37.5 and especially candle rejection will confirm the downward trend in the low time.
AVAX may bounce backAVAX has returned to its previous trend and could start a new move from here. The positive atmosphere that may occur with the ETF news may start a new rally. Can be entered with spot or low leverage.
⚡️AVAXUSDT CMC TRADING ⚡️ BREAKOUT AND PULLBACKAVAXUSDT has undergone a Change of Character (ChoCh) and is currently in a pullback phase to interact with the Order Block (OB) responsible for the ChoCh. We anticipate a price reversal above the OB and the identified demand zone, facilitated by a significant pullback. Our expectation is for the reversal to lead towards a revisit to the most recent swing high on the chart.
we can have a nice swingHey traders! I will wait to have 30$ price, the next wave should be like up to 63-65 dollars ;)
Navigating Support and Resistance with Renko ChartsToday we continue our deep dive into support and resistance levels and explore how traders can effectively utilize Renko charts and Donchian channels to identify these price zones. Renko charts, known for their simplicity and ability to filter out market noise, provide a unique perspective on price movement. We'll discuss how Renko charts work and demonstrate their effectiveness in pinpointing support and resistance levels with the help of Donchian channels. Donchian channels are a popular technical analysis tool that maps out the highest highs and lowest lows over a given period.
By combining the insights from Renko charts and Donchian channels, traders gain a comprehensive approach to detecting key support and resistance areas in any market condition. Whether you're a novice trader or an experienced professional, we hope this video aids anyone seeking to enhance their ability to define support and resistance for any asset.
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $35, which it broke, then $25. The nearest Resistance Zone is $50.
AVAX - The Crypto Short SignalToday its Sunday and we havent yet dropped.
It's very common in these situations for coins to be making descending triangles, so I will wait for the money to be taken on AVAX.
I will be shorting AVAX at the price shown, as well as adding BTC short at whatever price BTC is at, when AVAX is at this price.
I cannot say a figure in mind for BTC at the moment.
AVAX IDEAAVAX Head and shoulders pattern off the Elliot wave, to ABC move correction. Target into the fib retracement .618
AVAXUSDTAVAXUSDT 4H In my opinion, after the withdrawal of money from Bitcoin, the movement path will be like this. Don't worry, I see the future as green.
💵 AVAXUSDT 🌊 Promising Opportunity 🚀 AVAXUSDT A Promising Opportunity
Elliott Wave Counting:
On careful examination of the AVAXUSDT chart, an Elliott Wave pattern is evident. Currently, the token appears to be concluding the 4th wave within this structure. Notably, this wave is converging on a substantial support zone, reinforcing the potential significance of this level in the overall price action.
Support:
So the current market conditions indicate a robust support zone, adding credibility to the completion of the 4th wave. Historical price behavior around this level suggests a historical precedent for a reversal or continuation of the uptrend.
Fibonacci Extension Analysis:
Integrating Fibonacci extensions into the analysis enhances the precision of our predictions. The 5th wave is highlighted on the chart, and it aligns with the 1.618 Fibonacci extension level . This confluence adds a layer of confirmation to the strength of the upcoming move.
Buy and Hold:
Considering the completion of the 4th wave, the historical significance of the support zone, and the alignment of the 5th wave with the 1.618 Fibonacci extension, there's a compelling case for a buy and hold strategy. This strategy is bolstered by the potential for a sustained bullish move in the upcoming phases.
Technical analysis of AVAX signals a favorable opportunity for traders and investors. The convergence of Elliott Wave patterns, strong support zones, and Fibonacci extensions at the 5th wave point collectively present a compelling case for a bullish stance.
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
⚡️AVAXUSDT CMC TRADING ⚡️ HEAD & SHOULDER AVAXUSDT has recently breached a critical support level following the formation of a head and shoulders pattern. This development indicates a significant potential downward movement to finalize the structural breakout. Anticipating a retracement towards the trend line identified on the daily timeframe is our outlook.
AVAX potential downside to $35My MACD-VWAP indicator signaling potential downside for AVAX to $35 in the coming weeks. My next buy the dip zones are 35 dollars and if we break that with volume, the next downside target is 28 dollars. While in the long run I'm bullish on AVAX, in the near term we may pull back to 28-35 zone that is health for continuation of the longer term bullish structure.
For a limited time I will give free access to my indicator that has been catching winning trades. DM me to request access.
Read the rules of the the trading system below.
AVAX/USDT All targets achieved 😎 95.55% ✅🚀Binance Futures, KuCoin Futures, OKX Futures
#AVAX/USDT All take-profit targets achieved 😎
Profit: 95.55% 📈
Period: 13 Hours 45 Minutes ⏰
Explore potential profits with AVAXUSDT! Current trends and indicators hint at a lucrative scalping opportunity, with a projected 95.55% profit potential. Stay tuned for real-time insights as AVAXUSDT gears up for a promising future in scalping trades. 🚀 #AVAXUSDT #ScalpingOpportunity
AVAXUSDTAVAXUSDT Short at LH (also 0.5 FIB , trendline resistance intact )
SL , TP mention in chart
Analysis at 4 hour
AVAXUSDTBINANCE:AVAXUSDT Short idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
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AVAXUSDT: 4HR VIEW BINANCE:AVAXUSDT currently in consolidation phase, few candles show some bullish character and we expect a nice clean move from this area. Though, if price decides to remain bearish then it can fall further down where there is imbalance which price will likely to fill before it touches the 55.00 region.
What do you think about this pair, do you think it will create a new record?
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
