AVAX REACHED THE BOTTOM...! (WHAT'S NEXT?!)Following our recent expectations of a further market downturn, Avax also reached the bottom of its channel and we saw an initial not-so-favorable reaction. It is expected that we will see a good growth of this currency due to attracting liquidity and increasing the volume of daily transactions and if the market reform is completed (which is not certain!).
Avalanche
AvalancheBreaking out of the triangle defines mid-term targets for the Avalanche.
Breakdown of the key support level $60.00, which is the point of intersection of the triangle trendline at D-1, is a strong signal for the continuation of the current trend. The target of $50.00 per coin will be a clear confirmation of the breakout of the key crossover. The support level at $50.00 looks technically confident for considering short and medium-term purchases within the descending channel with the target at $70.00-80.00. The subsequent potential break of $50.00 support opens technical targets for a test of $40.00 and key support at $20.00.
AVAX-Good context to go upHello everyone
With the spike in the price from couple of days ago on AVAXUSDT, we may have a bounce from the previous bear trend line.this setup also created, a double bottom, a divergence in RSI and the ABC pattern.With all that said , the price is still in a bear channel and a breakout is needed.
The resistance levels are 60$, 65$ and the upper line of our bear channel, and for the support levels we have 55.50$,and 52.5$.
AVAX could be getting ready too?Hello traders,
Back in the 'bullish days' last year AVAX did an incredible job. Project itself is interesting, seems to me like an upgraded competitor with DOT. However interest that AVAX had back then was quite suprising. It is correcting so far, but I'd expect 75-90$ region soon (when we reach diagonal ressistance) if it breaks I wouldn't be suprised at all with 200-250$ topping.
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Trade safe, TradingInformator!
Avalanche (AVAX) - May 5hello?
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(AVAXUSDT 1W Chart)
56.51 or higher: Expected to create a new wave.
(1D chart)
It needs to move above 70.11 to turn into an uptrend.
So, if possible, it's a good idea to see support in 70.11.
(buy)
- After confirming the support in 70.11
(Stop Loss)
- When it is resisted by falling below 64.90
- When it falls below 56.51
(Sell)
- When resistance is received in the range 79.80-89.59
- When receiving resistance near 109.43
(buy)
- After confirming the support at 64.90
(Stop Loss)
- When it falls below 56.51
(Sell)
- When receiving resistance near 70.11
- When resistance is received in the range 79.80-89.59
- When receiving resistance near 109.43
A move above 89.59 is expected to trigger a sharp move.
A break below 56.51 is expected to turn into a downtrend.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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BITCOIN 6H TA: Support - New UpdateBitcoin is currently in the support range, which is likely to fall to $ 37,000 and $ 34,500 if the trend line and support are broken down.
If the support range is maintained, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
The final wave is coming, $311On weekly chart:
Price and volume is contrariwise, this is sign of reversal.
On 3D TF : we have a golden ratio at the higher third wave 60.
The impulse wave with 1.382 Fib of the third wave that is at 311.
In lower timeframes : The impulse wave of the final wave has been reaching to 311 with a invalidation level below the second wave at 60.
If it'll down to 60, it might be at 45 in the double combo wave WXY
What next, wait and see
Avalanche: Baby One More Time! 🎤Britney Spears’ voice seems to sound in the background, singing “Hit me, Baby, one more time”, while Avalanche approaches the orange zone between $70.58 and $58.31 one more time. We expect it to dive into the orange zone to finish wave C in green and wave ii in orange. Afterwards, Avalanche should rise upwards more sustainably, crossing the resistance at $98.77 in the process. In addition to Britney’s song, we should keep in mind, though, the 35% chance that Avalanche could drop through the orange zone and fall below the support at $53.16.
Avalanche | AVAX ascending channel pattern 45% potentialIf we take a look on the weekly chart, we see that AVAX has been trading in what is called an ascending channel since mid January. The current weekly candle could be Doji, indicating a reversal starting as soon as next week.
Now I would like to get a bullish confirmation on lower time frames. Let's take a look.
🆓Avalanche (AVAX) Apr-20 #AVAX $AVAX
AVAX just formed a bear-trap when it broke down to the $75 zone, so in the near future AVAX can rise sharply to the $100 and $120 zones. The $120 zone may not be the final target for AVAX as it can still break through with a Broadening Rising Wedge pattern. However, if AVAX loses the $75 zone, it will easily fall back to the $55 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 75$ zone
🔴Buy : 75
🔴Sell : 85 - 100 - 120
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 75$ zone
🔵Sell : 75
🔵Buy : 65 - 55
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
AVAXUSD close to starting a rally to $250.00Avalanche (AVAXUSD) has been trading below the 1D MA50 (blue trend-line) for the past week, ever since the pull-back from the April 02 High. Even though that rattled the confidence of many market participants, there is no cause for concern as this was a short-term profit-taking correction within the larger Rising Wedge pattern on the long-term.
The coin is coming off an Accumulation Phase similar to those of June - July 2021 and October - December 2020. The 1W MA50 (red trend-line) has been supporting for the past 8 months and the 1D LMACD is approaching a Bullish Cross formation. This is a bullish indicator mix, familiar with the previous Rise phases that led to Higher Highs on the Rising Wedge.
The next Higher High is expected to be close to the 1.5 Fibonacci extension. We set a $250.00 long-term target on AVAX.
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Avalanche (AVAX) - April 19hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(AVAXUSDT 1W Chart)
Primary resistance: around 79.80
Secondary resistance around 109.43
Support: 56.51-64.90
(1D chart)
(buy)
- After confirming the support in section 79.80-81.31
(Stop Loss)
- When it falls below 79.80 and receives resistance
(Sell)
- When receiving resistance near 89.59
- When receiving resistance near 109.43
(buy)
- After confirming that it is supported above 64.90
(Stop Loss)
- When it falls below 56.51
(Sell)
- When resistance is received in the range 79.80-89.59
- When receiving resistance near 109.43
If it rises above 89.59, a sharp move is expected.
If it deviates from the uptrend line and goes down, it is likely to drop below 64.90, so trade with caution.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
will the weekly trend hold our price??Hello everyone
In 4 hours chart on AVAXUSDT ,We have a good support level on 72.50$ ,plus a weekly trend line which been tested several times and held up pretty good,and we have a support level on 76.50$,which is being tested again as i'm writing this.
For now, because we are still in a bear channel (my opinion not financial suggestion),what i'm doing is to buy at the bottom of the market and sell on top, in lower time frames of course.