Avax
AVAX Trade Setup - Key Support Broken - $54 Next Target?Hello Traders!
Here is my analysis for AVAX.
- AVAX like most cryptos has been very bearish.
- 2 major support levels were recently broken along with a major pattern formation. This indicates further downside continuation.
- Luckily for us there is a major support level at $54 that should be a great entry point for a long trade.
Trade Setup
- There is only 1 major support level left for AVAX before it massively dumps, this support level should be very strong though.
- The level is at $54.8
- Enter a position there and take profits at the .618 Fib level at $61.
- Keep a tight stop
- Do not get greedy on this trade. AVAX is in a precarious place. I do think it has one more bounce in it before it dumps but probably not more than that. So take profits and close the trade once you hit $61.
***This trade is time sensitive, AVAX needs to hit the $54 level in the next few days. It needs to come down fast into the level. The faster the drop the larger the bounce. If it is a slow drop it will either be a small bounce or no bounce at all.
***If there are any updates in the following days I will be sure to let you guys know!
Thanks everyone and best of luck trading.
P.S. There are lots of cryptos currently in a similar situation. If you can draw similar levels like we have with AVAX and price drops to major support, that could be a trade opportunity as well.
AVAX/USDT $500 ( 1500% ) Target in 2023 As per My Chart#AVAX/USDT Bullish chart Update:-
= $AVAX currently trading at $66
= Highly Potential to hit $500
= 2000% Up after first Accumulation zone.
= 1500% Up from 2nd accumulation zone.
= 1000% Expecting from the next Accumulation zone.
= The next Accumulation zone will be $35-$40
= Red Box RSI is the Perfect Entry zone.
= Expecting RSI will hit 30
= This time Breakout did but the Waiting for Retest level which is near $40
= Target will be $400+
Guys $AVAX is a Strong potential Project for Long Term.
I am accumulating at every Big Dip.
Please LIKE and Appreciate my Hard work.
Must follow me for the Latest real Time crypto Updates.
Thank you.
AVAX LONG 4.28No brainer long on avax.
Small bullish harmonic but price contraction means incoming volatility.
Day over day seller exhaustion. and target for retrace is at minimum 50% which is 5:1 R/R +22% / - 4.44%
Sure stop loss is tight but it can be 5% as well. I just like the golden ratio of 4.44.
{#AVAX $AVAX #AVALANCHE}
Avax/Usdt Long Breaking of the descending channel and after retesting the daily support zone, price make a higher high at the lover time frames and entry point is at the correction part of 15M tiem frame.
RSI divergence at the daily support zone.
%2 risk management.
Profits can be partly taken right under the resistance zones.
@FxCanli
AVAX-Continuation of bear trend Hello everyone
As the bad sentimental news came out of wall street, we may see the outcome effect the cryptocurrencies and crypto assets too.
We have seen the price having some reaction to the two supports that we have on AVAXUSDT, which are our weekly trend line and our 68$ support level.considering today's market behavior all over the world,we may see lower prices on all the cryptocurrencies.
For now, I think we may see the market gets into a trading range ( IF we are lucky)and see the price stays in the channel of 68$-72.5$,and on the bad side of things (bad for investors not traders)we may see the price breakout of our weekly trend line and hit our next not so much reliable 65$ support level.
The Possible Bullish Trend for AVAX!AVAX is in an Ascending Triangle. This means The Price is gonna Increase As much as the Measured Price Movement (AB=CD) Pretty Soon. The Price is now at the Bottom of the Triangle So It Is really far From a Bullish Break out Right now. The Price Can Start It's Bullish Movement Soon and You can Enter Right now as well But It is better to Enter AVAX at a Safer Spot. Which is at the Top of the Pattern. It can Reach 132$ in Midterm
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Thank you for seeing idea .
Have a nice day and Good luck
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.