AVAX Bullish - Next move to 32ish if trend continuesAvax is looking real nice pull pennant formation
If this trend continues the next leg is likely to bring us near 32
Regardless this is a DCA for me!!
where my fellor accumulatoooorrs?
AVAXUST trade ideas
Potential Market Retracement on the Horizon: AVAXCRYPTOCAP:AVAX
Potential Market Retracement on the Horizon: A Closer Look at AVAX 🌐📉
Traders and investors, our market analysis suggests a pivotal moment ahead. There are growing signs indicating a possible retracement in the broader markets, and AVAX seems to be mirroring this sentiment.
While the markets have shown resilience, the technical indicators now point towards a period of consolidation and potential pullback. This could be a crucial phase for AVAX, as it aligns with broader market movements.
As we navigate these choppy waters, it's essential to approach with caution. For those closely monitoring AVAX, this could be an opportune moment to reassess positions and strategies.
Remember, market retracements are natural and healthy for long-term sustainability. They offer moments to recalibrate and strategize for future market phases.
Keep a close eye on key support and resistance levels, and stay attuned to market news and developments. As always, informed decisions and risk management are your best allies in these market conditions.
AVAX is trying to hold on to support.I expect AVAX to hold on to this support if BTC does not fall sharply.
AVAXUSDT Scalping strategy and maybe moreWithout better confirmation I don't like the idea of trading big moves. Successful trading transcends mere speculation; it's about actively engaging with the market dynamics as prices evolve, making informed decisions based on analysis and strategy.
But yeah, anyway. 🚀 🚀 Fast scalp from internal bullish order block is the name of the game here. 🚀🚀
💼💼 Copy my trades on bybit @PirateViking 💼💼
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AVAX- Breaking Higher for Good ? AVAX breakout reminds us of the previous one.. this time also we will take some profit just like last time but: this could be time to break higher over 15.50
Amidst Avalanche’s once-promising ascent, most holders now clutch a bearish reality. Over 90% face losses while development thrives and trading volume wanes, painting a complex landscape.
Avalanche showed great promise during its initial stages, attracting motivated buyers to purchase and retain it. Nevertheless, recent data revealed that most of these buyers and holders were holding their bags at a loss.
As per CoinMarketCap, Avalanche had a circulating supply exceeding 344 million tokens at press time, with a total supply surpassing 400 million tokens. However, insights from Into The Block highlighted that more than 90% AVAX holders were experiencing losses at the time of publication.
Specifically, the data pointed out that approximately 99.45% of holders, accounting for around 5.45 million addresses, found themselves out of the money, indicative of holding at a loss.
WHY LONG:
Despite the downward trend in trading volume, the development activity on the Avalanche network has been consistently robust. This suggested that the platform’s team was actively at work.
Loyal Community:
And while these holders may have hoped for respite, that has not been the case. To make matters worse, IntoTheBlock data showed that 99.5% of AVAX holders were now holding the token at a loss.
The Chart:
On support and looking Bullish to me.
Long on AVAX again and remember to take profits at 14,5
One Love,
The FXPROFESSOR
#Avax#Avax
like a caged bull, testing the strength of its falling wedge prison. Once it breaks free, expect a bullish rampage towards $20.
AVAX USDT AVAX is restesting the level if it does not break the resistence then next move will be 14.40$ , if breaks and closed above the resistance then next target will be 30$, a good coin for spot buying if closes above 23.30$
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis:
Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to either
1) break above $22.00 to signal continuation of uptrend, or
2) pull back near $18.30 support for a swing entry in Uptrend with upside potential back to $26.00. Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (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 > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend.
Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend.
Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend.
In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
AVAX BULL FLAG CRYPTOCAP:AVAX price is breaking out from the bull flag pattern!
Huge Order Block at $23. (Resistance)
With the ideal breakout target price of $26.
200ema support in confluence with the support trendline at $17.4. #avax
AVAX quick scalpI am trying a quick scalp on AVAX. It has just broken up a resistance, small consolidation, it's also above 200 EMA h1 and M15, looks good to long now
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases.
Interested in another altcoin that's trading under it's first ATH? Check out Litecoin :
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AVAX / USDT High Tight Flag AVAX has made a massive 180% in 5 weeks. Surfing the 10 day EMA. Hitting resistance at $23 and pulling back 23%. Forming a HTF.
O'Neil tells us that in order to form a HTF a security must double in less than 8 week and pull back no more than 25%.
Qullamaggie tells us a security must move 30 - 100%+ for a few weeks, then form an orderly pullback, with higher lows during the consolidation period.
My observations - large volume two weeks ago. I see resistance at $23, support at $17.50 with my next main resistance area at $47.50. This leaves a huge void with little resistancebetween $23 and $46. A shakeout within the HTF to $17.50 is acceptable but any daily close below $17.50 invalidates the HTF.
I'm looking for a HTF range breakout with a daily close above £23. With a target of 100% at $46. Monitoring the 10/20EMA and 50MA as stop losses.
AVAX ANALYSIS🔮 #AVAX Analysis 🚀🚀
💲💲 #AVAX was trading in a Descending Broadening Wedge Pattern, gives a perfect breakout and trying to retests the levels. If the price of #AVAX closes above $22 then we will see a bullish move and also the price of #BTC must stable. 📈📈
💸Current Price -- $21.16
📈Target Price -- $39.23
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#AVAX #Cryptocurrency #Breakout #DYOR
AVAX 1HR Head and Shoulders? Tracking this Head and Shoulders on the 1HR. If this breaks down we could see 18 real quick.
