AVAX/USDT - Potnential 82% SetupHello Traders!
The struggle for liquidity among ecosystem projects continues unabated. In 2022, we will see a further confrontation between ETH 2.0 and its layer-2 solutions versus existing layer-1 solutions with and without EVMs. This is something we can take advantage to make money.
AVAX has started a new upward movement.
It is better to look for an entry on correction in the range of $98.00 to $107.50.
Stop-loss shall be placed under the level of $78.50
The targets will be the Fibonacci levels:
$141
$159
$179
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Avalanche
AVALANCHE Right Angled Descending Broadening Wedgeits looks like its doing what it should be doing.
$118 should break so there is room to move up more.. best thing would be the green line turns in to support.
if bulls fail then range is 118 - 110.. but if 110 support not holding i keep an eye on the 100 dollar.
yes i also have a Head & shoulder pattern in there with same TP as RADBW
sure looks good for now...
Keep calm, do your own research! trade safe and manage your risk.
*(Disclaimer: This is not financial advice)
Avalanche (AVAX) 4H chart LONG and SHORTHello everyone,
I studied the 4H Avalanche (AVAX) chart and noticed a nice Fibonacci ABC pattern in the price movement.
It would be much nicer if it would return from 0.50 or 0.618, but I guess the price that once bounced from 0.382 in this pattern will bounce again.
I showed the first Fibonacci levels by writing so that the texts would not be intertwined.
As seen in the second fibonacci plot, I noticed a very nice point (117.36) where the diagonal support intersects the fibonacci 0.382 level.
Although I guess this will be a good buying point, I think it can also be a good breaking point (for short position).
In summary,
117.36 entry price or buy for long position, short position and spot,
for those who want a slightly more secure entry;
126.97 entry price or buy for long position and spot,
110.36 entry price for a short position.
You can examine the horizontal support and resistance lines (yellow ones) on the chart for take-profit and stop-loss levels.
Farewell.
Bitcoin's Path to a New ALL-TIME HIGH [12-24-21 Update]Now that Bitcoin has settled down after this correction, there are two paths for Bitcoin to continue up from here.
1. Bitcoin goes parabolic from here with no stops (or limited stops) until it creates a new next All-Time High
2. Bitcoin creates a reverse Head & Shoulders pattern, then goes parabolic until it creates a new All-Time High
Avalanche - Ready for more action, Bull Flag w/ $140 TargetAVAX has been on a tear and with a healthy consolidation here I have loaded up on more. You may see more sideways action for a bit into the green zone, watch for high volume confirmation of breakout. I have a target of $140 and stop loss of $115. NFA, DYOR
Will AVAX catch XRP ? (Yes it will)To be honest I was between choosing Avax, Solana, Luna or BNB for this comparison with Ripple XRP but I think AVAX was the closest to perfect example.
They all have 1 thing in common:
They exploded while XRP remained stagnant.
About Ripple:
This industry has been built on the concept of 'Hodling' (which is not a good concept, sorry. Unless it's for Bitcoin).
Doing Research, knowing when to enter and most importantly when to take profit- that sounds more like what we try to do here.
I am going to start with Ripple which was one of the first posts of ours that got people's attention:
'XRP is NOT Bitcoin 0.76 roof' : Just 2 days later the price decided to fly from 30 cents to exactly 0,76$ (and then back to 0,17$).
You see, Ripple has gotten us used to major pumps and dumps (just look at the chart). This might have a lot to do with 'who holds the coins'.
More recently we proposed a short position and so many of you came out complaining about our analysis.
The price might go up again (now!) and I wish it to all of you who own it. Just remember to take profits on time this time. You can always sell some at profit and hold the rest if you are not sure.
About AVAX:
Different story; completely different story.
We first bought at a breakout here
Unlike XRP we saw that this project is worth attention and is growing in a healthy way so we propose 2 targets here :https://www.tradingview.com/chart/AVAXUSDT/5fsYPxti-AVALANCHE-This-One-Has-Just-Started/
These are the same 2 levels that you see on today's chart. You can see how nicely they were checked.
Then we posted '🗸🍊 AVALANCHE - Let's Reach XRP' which is still pending. Thus today's post.
Even more recently we PERFECTLY offered our followers a new entry level here :
We are not sharing all this (just) to brag about our skills or knowledge. We are doing this to help YOU do better from now on:
Do research. See what has value
If they dumped on you twice they will probably dump on you again (and again).
Don't Hodl for ever. This is not a marriage, this is investing.
Go in and OUT and remember to ALWAYS take profits (even partially! that's fine!)
Talk to you soon when AVAX is over XRP on the marketcap board
One Love,
the FXPROFESSOR
AVAXUSDT - Broadening wedge PatternAVAXUSDT (4h Chart) Technical analysis
AVAXUSDT (4h Chart) Currently trading at $86.5
Buy level :Above $87.5
Stop loss: Below $78
TP1: $94
TP2: $105
TP3: $116
TP4: $127
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Previous AVAXUSD chart w/the potential Descending triangle addedNot 100% confident about this descending triangle pattern yet. But if it is indeed valid then the price action should head towards the 158-160 target before too long with some resistance on the way there at around $130 or so depending on where we retest this ascending yellow trendline at.
AVAX Avalanche: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Avalanche (AVAXUSD), a cryptocurrency.
Quick Analysis:
1) The price has been respecting a multi-month parallel channel it formed in early 2021.
2) Since August 2021, the price has been supported by a trendline, which it is hovering above/below over the past few days.
3) If the price does not come back above the support trendline, keep an eye on the lower trendline of the parallel channel.
4) The RSI (relative strength index) has formed a multi-month bearish divergence.
5) Volume has reduced over the past few days compared to the past few months.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
$AVAX Early turn and cheatPossible market leader when the dust settles.
$AVAXUSDT display relative strength
1. Managed to get back above key moving averages
2. 4th lower low was supported
3. High volume on up days vs down days
4. 9/15 good closes despite weak market
Time element is there. Currently 5 weeks into the base and already building the right side.