🔥 AVAX New All Time High: Price Discovery TargetsAVAX has, like a number of other tokens, produced a new all-time-high since the Monday sell-off.
With Bitcoin very likely to have a bullish week ahead, it might be time for AVAX to shine and go in price discovery mode. Be aware that the price might come down to the previous top area, located around $57.
Main targets for the coming weeks are $75 and $90, located around the 1.272 and 1.618 Fibonacci extensions.
Happy trading!
AVAX-USDT
AVAXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has been able to break its resistance and is above the line that is currently changed to our support line.
We expect the price to fluctuate within its support channel and can reach its target.
In case of any drop below our support line, we expect a fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 46.68
TP2= @ 52.28
TP3= @ 58.97
TP4= @ 68.43
TP5= @ 80.00
SL= Break below S2
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AVAXUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has been able to move upwards strongly after hitting its support line. Right now we expect it to be able to crown its goal over time. But if there is a weakness in the trend and we have a fall, it can hold the price support line again.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 AVAX More Potential Up-Side: Areas To WatchOver the last week or so, AVAX has been on a tremendous run, catching the eye of virtually all crypto investors.
As we speak, AVAX is facing a moment of consolidation and profit-taking. After hitting $50, the price has already declined over 15% in not even half a day.
Assuming BTC will remain bullish in the short-term, I think that AVAX will grow further and make a new all-time-high soon.
As drawn on the chart, the first Fibonacci retracement level lines up perfectly with the three tops from March-May. The area around $40 is the first reversal area.
In case the first reversal area doesn't hold, I'm looking at the second reversal area around the 0.618 retracement level, which is around $30.
Happy trading!
🔥 AVAX Potential Channel Break Out SoonIn my previous AVAX analysis I argued that it was expected that AVAX made a push towards the top of the channel. That trade in particular was a great success!
For now, it appears that AVAX is showing signs of consolidation near the top of the channel. This consolidation phase could result in either a bullish break out or a bearish reversal, highly influenced by Bitcoin's behaviour of course.
In case of a bullish break out, wait for the break out to actually happen before entering a trade.
Happy trading!
AVAXUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame, we have drawn a resistance line for you that has collided and could not cross it. If you cross the line and stabilize above it, we can enter into a deal for the above goals
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
AVAX begins a rally?As you see, I think AVAX is within a upward W-X-Y-X-Z and I considered W, X,Y waves have been completed. Therefore it should complete another X wave. So far so good I considered a triangle for the X wave. "E" wave is completed and it can begins a rally for a upward trend which has a A-B-C sub-waves. So Do Not Lag Behind!
🌧️ AVAX Possible Breakout To The UpsideAVAX has been in a descending wedge for a while, and recently just broke out on the upside. Ensure that the breakout isn't a false one by finding support on the Fibonacci line before confirming the breakout. If the bullish movement goes all the way back to the all time high, we can expect returns of around 90%. Feel free to take profits at around $45 as well for a safer ~45% profit.
Note that this will be a fairly long term hold due to strong sell pressure in the order book from around $40 onwards, with low buying pressure. There are also no noteworthy events coming up for AVAX, although multiple projects are being built on the chain, which could boost its price.
For a shorter term hold, consider taking profits at around $36 - $41, which is around a 25-30% profit.
Buy: $31
Take profit: $45 - $60
Stop loss: $27 (check ATR)
Note: This is merely my opinion and not financial advice. Remember to do your own research.
AVAXUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has been holding above the support line. If this line is broken it is possible that it will fall further. But we think that it is bullish and it can go toward its TPs.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 AVAX Bullish Price ActionAVAX has recently broke out of a pennant. Zoom out for a better look at said pennant.
The break-out was quite intense, with AVAX shooting up more than 40% in just a few hours. After a small period bearish pressure, it appears that AVAX has found a local low around 29 today. In the last few hours AVAX has shot up again and demolished the $30 resistance with great ease. Since bullish price action is very strong at the moment, I'm confident it will last for a while longer.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas placed at $40 and $45 respectively. Do your own due diligence.
Happy trading!
🚀AVAX - Retraced and ready to go again🚀AVAX had a nice retrace after sizeable gains, look like it's going to repeat itself.
Bullish ABCD in the downtrend and very clear breakout. Plenty of headroom left to go although we may get a short term retrace at some point before it continues onward.
Fundamentally, AVAX has had some really interesting partnerships lately and it offers a decent APY on staking.
🔥 AVAX Bullish Price ActionAVAX, like most other crypto's, is seeing a strong bullish move this morning. This move is started by Bitcoin, which is likely started by the stimulus package which got approved earlier in the US.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 AVAX Triple Bottom IdeaAVAX has previously seen a strong rebound from the 22.50 area. This trade is based on that same idea.
Before entering this trade wait for the price to touch the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
💡It's a great buy opportunity in AVAXUSDT @avalancheavaxTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (24.80).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AVAXUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.60.
Take Profits:
TP1= @ 31.20
TP2= @ 36.70
TP3= @ 41.10
TP4= @ 45.70
TP5= @ 54.50
TP6= @ 60.40
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment. Let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️