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Avax

AVAXUSD Re-testing the 1D MA50. Breakout and rejection scenariosAvalanche (AVAXUSD) is recovering from the recent rejection on the 1D MA50 (blue trend-line) last week. That would be the third attempt that close to the MA50 in 3 weeks and with the 1D LMACD on a strong rise, it appears it could be the decisive one to break it. In fact the same LMACD sequence was last spotted in July 2021, a year ago, when the price eventually broke above the 1D MA50 and initiated an extremely strong rally. Now with the general crypto market attempting to find a bottom on this Bear Cycle, such a rally would be difficult to re-create yet but the Fibonacci retracement levels within this long-term Channel Up can help us set some short/ medium-term targets leading eventually to the 1D MA200 (orange trend-line). On the downside, if the price gets rejected again and breaks below the Higher Lows trend-line (Fib 0.0), it can go for a Bearish extreme near the -0.236 Fib, similar to the Bullish extreme at 1.236 Fib that shaped the top of the market on November 22 2021. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:AVAXUSD
by TradingShot
3
Avalanche (AVAX) - July 13Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (AVAXUSDT 1W Chart) The key is to find support above 13.47 and move above 23.96. From a mid- to long-term perspective, it needs to rise above 32.23 to continue the uptrend. (1D chart) Primary resistance: 23.96 Secondary resistance: 32.23 Support: 13.47-16.55 If it finds support near 16.55, it is expected to move higher. ------------------------------------------------------------ ----------------------------------------------------- ** 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.) ---------------------------------
by readCrypto
AVAX - Marvelous short is incomingWe can't take this short right now since approach of the trendline was too fast. It's better to wait for pullback and be ready to take short in a couple days when we see more accumulation. Ideally we won't to see false breakout of the top trendline so there will be a lot of trapped bulls Reasons to take short in a couple days: ⭐️ BTC in bearish trend ⭐️ Trendline is 26 days long ⭐️ Trendline is clean ⭐️ Slowly squeezing to the trendline ⭐️ 4th touch Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Short
by Artem_Dishel
15% Short Trade Set Up!Since support failed we can see a back-test of the S/R line happened and it is now looking like a short position will be best in the short term. Stop above the S/R line. Targeting $17 then $16. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
Short
by rnaofs
Avalanche Trade Set Up! 16%+AVAX is currently trading right above a nice support level. This is looking like a decent area to enter long for a quick scalp. If the next resistance hits, that's a 16% gain. Remember to use a tight stop-loss and manage your risk. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
Long
by rnaofs
Avalanche Starts To Move (160% Trade Signal Inside)Yesterday we shared the numbers for AVAXUSDT (Avalanche), let's look at some of the signals today. We can notice first a strong divergence with the RSI. AVAXUSDT hit a low 12-May followed by a lower low 19-June. The RSI instead bottomed 12-May and was followed by a higher low, diverging from the trading pair. We can see a bullish cross between EMA10 and EMA21. Trading volume has been increasing lately, near support, which signals buying activity. Hold on... Here is the trade signal... Avalanche Trade Signal (160%+ Potential Target) Thank you for reading my friend. I am really wishing you tons of success. Namaste.
Long
by MasterAnanda
2
#Avax / #USDT : Analysishello? Traders, welcome. Notes related to this analysis : - In this chart, the price is in the supply Zone -The strength of the upward trend has weakened -There is also a negative divergence in the Macdi histogram - About that detrend line : If we consider the red trend line for trading The trendline is broken and its pullback is done and we can enter the trade But if we consider the blue trendline, you should wait until it breaks and then enter the trade ------------------------------------- + If you have an opinion, I will be happy to share it with me in the comments ------------------------------------- + If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day
Short
by alirezanaderiTrading