congrats for braking out the accumulation zone Surprising...
Since we are above the strong support, AVAX may be profitable :)
Avalanche
Avalanche (AVAX) - May 10Hello?
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(AVAXUSD 1W chart)
(1D chart)
We have to see if we can get support at 37.43183748 and rise above 41.74882117
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall from the 37.43183748 point, you can touch the 28.79756959 point, so you need to trade carefully.
In particular, if you fall below the downtrend line, you need short-term Stop Loss.
If it falls in the 22.98021754-24.00621060 section, a Stop Loss is required to preserve profit and loss.
It remains to be seen if the CCI line can rise above 100 points on the CCI-RC indicator to maintain the uptrend.
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(AVAXBTC 1W chart)
(1D chart)
We have to see if we can go up along the uptrend line.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Trading idea for AVAXUSDTWe need to break that $40 resistance level in order to reach $60 previous ATH prices again.
AVAX bullish This is one crypto asset that, more of others, literally broke my stoical balls. BUT still... I am not selling #avax #avalance
AVAX is yet to go on it's own recent run. With this break on the daily chart for Avalanche. We expect this layer one coin to fly.
Avalanche [AVAX] Preparing for HUGE potential pumpHi everyone,
Looking at the Daily chart, we can see that AVAX is preparing itself for a nice breakout.
At this moment the relevant price action and volume look promising. I remain very bullish on this strong project!
Strong fundamentals:
> Apricot Phase-two implementation
> FAST-growing smart contracts platform
> Avalaunch (XAVA) launch
> Spore Finance integration
> 930+ validators
🌜 If you enjoy this idea, please like and leave a comment 🌜
AVAXBTC - 40% Upside & Critical Levels MappedThe patterns make the bullish case for themselves.
Our idea can only get invalidated if BTC Dominance closes above 50 or we face a big correction. Remember that the current levels, 57k, correspond to the top band of our parallel channel, therefore, it would not be surprising to see a more severe pullback. If BTC closes above 58k, re-evaluate your entry with the Dominance chart and BTC on-chain signals. If BTC falls to 56k, don't worry, there is an important support there and we would prefer to see some sideways action in that region for our favorite alt's to rally. However, if BTC closes below 55k, remember that there is a possibility for us to visit the 21W MA, which "could" correspond to a 45k. For the latest scenario, there aren't many on-chain signals to back it up.
This is not financial advice. Use risk management.
$AVAX 0.38 fib retrace - LONGS from this exact zoneavax is on it's retrace retest at 38 fib which is seeming to hold strong. Placing longs from here.
Scalping idea for AVAXBUSDIF AVAX breaks its current minor downtrend, it may have a chance for scalping.
AVAX - After the AvalancheA comparison study of AVAX and its relative performance to BTC through this year's rally and correction. Outperforming in both direction, AVAX demonstrates strong correlation to BTC movements, much stronger in the bullish phase and slightly weaker during the corrective phase. Will it outperform from here?
DEFI projects ahead of huge spikesIt seems that we are dealing with a similar movement on DEFI as at the turn of December-January-February.
The dominance of the DEFI starts to pick up after the bottom of the D1 chart is reached.
The MACD and RSI indicators look very bullish. Domination has cooled down nicely after reaching the last high and it looks like we are building a strong movement on DEFI projects.
An Avalanche of big pumps are coming! For Avalanche too!Nice consolidation above the key break out zone and the Fib Yearly Pivot for AVAXBTC. AVAXUSDT could easily hit that target and the consolidated again. Both not the prettiest charts out there, but relatively clean and strong. AVAXBTC looks like EGLDBTC but lagging. Pretty bullish!
AVAXUSDT - Avalanche --> Entry for 30% ProfitsHere's a trade I've been chasing since BTC shot back up. Had a good couple entries but got cold feet waiting for BTC dip. Have committed a bit harder here and AVAX now appears its testing for a breakout above recent high and 0.5 FIB, $30.3
Buy on the trend line if you see it bounce off of it, thus far its respected it so I will definitely buy more if it comes back to that level in the short term.
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Fundamentals
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Rank #41
Market Cap = $3,889,631,890
Decentralized identity authentication
Total Supply = 720,000,000
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What Is Avalanche (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
Trading idea for AVAXBUSDAVAX has potential for a new ATH in the long term. So a good entry point would be great for a decent profit. It may take some time to reach its ATH level, but worth it. Do not forget to take profits and do not forget to place stop loss order.
60% profit in 1 week, more to come !!trust the trend lines ...
look at my previous analysis about #AVAX
Avalanche [AVAX] Demand zone..Hi everyone,
Two days ago we saw AVAX testing and failing its support trend line. The break-out to the bottom side was confirmed when retesting the support trend line that acted as resistance. When looking at the price action, bearish signals were in play (shooting start & engulfing candles).
As highlighted in the chart there is a possibility to fall lower to the indicated demand zone. This zone has been tested several time and acts as a strong support.
As these corrections are normal market cycles, I am stull bullish on Avalanche in the long run!
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This is not financial advice
