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Avax

AVAXUSDT.1DOn the AVAX/USDT daily chart, the price of AVAX appears to be consolidating after a significant downtrend. The price is currently hovering around the S1 support level at $27.27, which seems to be holding as a key support zone after several tests. The MACD indicator is showing signs of convergence below the signal line, which might indicate waning bearish momentum. However, it's still in negative territory, suggesting caution. The Relative Strength Index (RSI) is currently just below 45, reflecting neither strong buying nor selling pressure but leaning towards the lower side, which indicates slight bearish sentiment in the market. If AVAX maintains its position above the S1 level, there might be potential for a short-term rebound towards the R1 level at $43.37. Conversely, a break below S1 could lead to further declines towards S2 at $18.94. Given the current setup, traders should monitor the S1 level closely for potential buying opportunities if the support holds, but also remain vigilant for any signs of a breakdown which could signify a continuation of the downtrend.
by MarsSignals
AVAX Long Trade SetupCurrent Situation: Price Level: AVAX is trading at a support level of around $36.00, offering a good opportunity for a long trade. Trade Strategy: Entry Point: Enter a long position around $36.00. Take Profit Targets: First Target: $40.00 - $44.00 Second Target: $50.00 - $53.00 Stop Loss: Set just below $34.40 to manage risk. Summary: AVAX is at a strong support level around $36.00, presenting a good entry point for a long trade. The take profit targets are set at $40.00 - $44.00 and $50.00 - $53.00, with a stop loss just below $34.40 to protect against potential downside.
Long
by Richtv_official
Avalanche Buy OpportunitySo far, I have profited 450%, 56% and 223% from Avalanche. I have already shared the profits I made in 2023 in my X report, and my followers have profited with me. I don't have any Avalanche at the moment. I am waiting for this moving average to pick up. If Avalanche falls below the moving average, I will wait for my Dip Finder indicator to turn green to buy. But if it is rejected from the moving average, I will buy and hold it until my indicator lights white. I will update this post again when I buy, so I recommend you to stay tuned.
CRYPTO:AVAXUSD
by YavuzAkbay
NUKLAI NAI at the ABSOLUTE BOTTOM - #datanomics and MOREAbstract Nuklai is one of those projects that when you truly get to understand it, not only you realize it's a hidden gem, but it has the potential to become its own type of Web3 subdivision such as DeFi, NFT, Metaverse, etc. In this case, we're looking at the birth of #Datanomics, or the monetization of user's data using Web3 technology. Fundamental Reasons why NAI is a good project Data mining by big corporate such as Google, Meta, and others is the fundamental pillar on which their business models are based. No data, no freemium. So companies such as Google and Meta get user's data for free, in exchange for Google and Meta products and services. But what if users could monetize their own data as NAIF tokens and get these companies to pay them for their data? Not only is this an idea that can change it all, but it has been tested and it works! If you go into their X profile , you can find they already tested this model with a BTC Price Prediction Research that got 2858 entries . This means 2858 NAIF (fraction tokens) were minted, and now each token holder is receiving passive income from 3 subscribers for their contribution to this dataset. This is the first time a user's data is tokenized in such a way! Token fractions (NAIF) from decentralized datasets is only one of the innovations Nuklai is working on. Another important highlight is their Private Data Networks offer for big enterprises will also bring Web3 data usage to the masses, although this is more of a B2B approach. Web3 users are used to paying money for acquiring tokens. But what if you can share data for tokens that provide passive income instead? Passive income NAIF tokens swapped for Web3 users data will take off when the market realizes its potential, the #datanomics potential. Technical Reasons why NAI chart is looking promising There are three main reasons why the NAI chart looks incredible, almost like an absolute bottom: 1. NAI is in a bullish descending channel that just touched the bottom for the third time. Price action is ready to move into an accumulation sideways. The bottom has just hit only some hours ago. 2. You can see NAI is actually at the bottom of a saucer pattern. Its price action resembles that of BTC 2013-2017 and its three phases of the saucer pattern: descending channel, sideways accumulation channel, and bullish ascending channel. NAI is doing the same. It's now just entering the sideways accumulation channel. 3. The bottom of NAI is at 0.118 fib retracement line, where most bottoms for cryptos occur. This happened the same with LINK, BTC, ETH, etc, at some point, showcasing the unique opportunity to get into NAI at the bottom 4. 4h RSI at total oversold levels. Bounce imminent. And finally, at only 12M marketcap? There is no greater jewel in the crypto space right now. If NAI does a proper saucer pattern just as the one BTC did, we could see around +13000%, which will make the price go at least to the 13 FIB line, which is exactly at $1 USD per NAI. I think we may see this within the next 12-18 months or so.
NLong
by CoinMajesty
AVAX - CAME TO GLOBAL RESISTANCEAnalyzing the chart, it becomes obvious that the price is trading within the global resistance zone spanning from 44 to 56. Given this context, it is wise to look for attractive short-term setups, as they are quite reasonable at this stage. The initial target could be to remove liquidity behind the wick (x) at 27.24, and further targets could be to fill the imbalance on the daily timeframe (FVG) around 23.70. The third target involves withdrawing liquidity at 18.90(x) and then targeting a significant imbalance (FVG) over a one-week period. Here we can already start looking for good setups in the downward movement, we are waiting for our confirmation!
Short
by truepersonal
AVAX - Big One? Hi, this is my new update for AVAX. As you see we are in a big range over 6 months now and I expect we are going to takeoff in the next couple of weeks. In the picture above you see Ethereum in 2017 and it seems that we are going to try something similar to what Ethereum did. Right now we are in the yellow circle and we are backtesting the trendline. If it holds then we are getting ready for 170% upside with the main target 95-100$. We have still things to settle, like the RSI and the moving averages. The RSI is still bellow the trendline. We have good support level around 28 -31$ and big resistance around 55-65$. Good things take time, be patient.
COINBASE:AVAXUSDLong
by GOAT1375
2
AVAX/USDT upward momentum from descending resistance breakout? 💎 Paradisers! Keep a close watch on #AVAXUSDT as it shows strong indications of a bullish continuation following a breakout from its descending resistance. 💎 Reviewing recent movements, #Avalanche has effectively broken above its descending resistance and is now positioned for a rise starting from the demand level at $36.72. If it can maintain this momentum, we expect a vigorous advance toward higher levels, although some initial resistance might provoke a significant uptick. 💎 It’s crucial to consider that if the price struggles to maintain momentum at the current demand level, it could signal a softening of the bullish scenario. In such an event, we are prepared to capitalize on a bullish rebound from a lower support level at $35.11. The substantial liquidity at this level indicates that CRYPTOCAP:AVAX could mount a strong bullish recovery. Nonetheless, a breach below this demand level could lead to a notable decline in price. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
AVAX LONG! Potential Swing Play to the upsideAVAX Long Position. on the 4-hour chart we see the wick is bouncing off of the 50 moving average. Confirmed the position with the Stock RSI indicator crossing over. Most Cryptos will be extremely Bullish Today. Also US30 stocks have a potential push as well, including Boeing. It is possible we could see a huge wick to the downside so minimize your lot size for example, if you have a $10,000 account, minimize lot size to .10 lots on a 100:1 account. place 2 x .05 lots. STOP LOSS @ 35.15 TAKE PROFIT @ 40.53 ENTER NOW @ 37.14 or at US open for better entry.
Long
by OfficialPapaRico
3
AVAX/USDT It looks fake out, is need reclaim for back to upward!💎 Paradisers, #AVAX is indeed a coin worth monitoring closely. 💎 It has experienced a fakeout, indicating uncertainty in the market. This could lead to a potential test of the OB (Order Book) to gather liquidity before attempting to reclaim or break the resistance level for continued upward movement. 💎 However, if AVAX successfully reclaims the price above the resistance without testing the OB first, it may signal strong bullish momentum, potentially leading to a move towards the supply area around the $47 level. 💎 Breaking through the supply area is crucial to confirm a bullish trend reversal, indicating further upward movement for AVAX. 💎 Conversely, if AVAX fails to break through the supply area and experiences a strong rejection, the price may retreat and test the support level around $39.8, which previously acted as resistance. 💎 A concerning scenario would be if AVAX fails to bounce upon reaching the OB area, potentially leading to a breakdown and a move towards the key support level. 💎 In such a case, a bearish invalidation would occur if AVAX breaks below the key support level and the daily candle closes below it, signaling a continuation of the bearish movement with potential further downward momentum. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
AVAX Analysis: Entry into Main Trend and Peak ExpectationAVAX is currently entering the main trend in the middle. If this is successful, I expect a strong peak after the second half of June. I want to highlight two important dates: June 21 and August 5. As seen in the chart, AVAX is moving within a strong upward trend. Currently trading at 40.500, I foresee the possibility of AVAX moving towards the 148.000 levels. Closures above this level may indicate the continuation of the trend and pave the way for new peaks. Key Levels to Watch: June 21, 2024: I expect significant price movement on this date. It is likely that the trend entry will be confirmed and the upward momentum will gain speed. August 5, 2024: During this period, a strong move towards the peak could occur. If AVAX successfully enters this trend, we may see much higher levels in the remainder of the year. However, it is important to manage risks well and diversify your portfolio when investing. Disclaimer: This analysis is not intended as investment advice. You should make your investment decisions based on your own research. As cryptocurrency markets are highly volatile, always be cautious and prioritize risk management. The responsibility for investments made based on this analysis lies entirely with the investor. Invest smart, stay safe. Atilla Yurtseven
Long
by AtillaYurtseven
AVAX/USDT is about to do a Bearish movement!!!Hi. COINEX:AVAXUSDT Today, I want to analyze AVAX for you in a 3D time frame so that we can have a mid-term view of AVAX regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). AVAX reached the resistance but could not break it. Also, we have a bearish divergence on MACD and RSI that the price will soon decline. ✅ Due to the Descending structure of the chart... - High potential areas are clear in the chart. - DIVERGENCE ON MACD - DIVERGENCE ON RSI Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
10
AVAX MVRV Detailed Analysis AVAX 1W MVRV and Price Analysis Hi folks, Let's take a look at some on-chain data. What is MVRV (Market Value to Realized Value)? MVRV is an on-chain indicator used to analyze the valuation of cryptocurrencies. It is a simple but powerful tool that shows investors how overvalued or undervalued a cryptocurrency is at the moment. Simply 👇🏻 MVRV is below 1: This means that most investors are at a loss and can be interpreted as a potential buying opportunity. MVRV is above 1: This means that investors are in profit and the price may be overheating. However, when performing cyclical analysis of each instrument, we can see that different MVRV levels are critical. In instrument X, 1.15 may indicate that the price is overheating, while in instrument Y, 2.00 may indicate that the price is overheating. Now let's examine AVAX with MVRV Data In the bull rally we experienced in 2021, AVAX had risen from $5 to $150. When we examined the MVRV, we witnessed that it had risen from 0.64 to 1.27 points. When we examine AVAX historically, we can observe that the price overheats when the MVRV score exceeds 1.11 points. However, it should not be forgotten that we are making this examination on weekly data. Therefore, selling everything you have when the MVRV score exceeds 1.11 points will NOT help you maximize your profit in a bull run. Instead, strategies can be created for gradual selling along with the MVRV score exceeding 1.11 in AVAX. It may be beneficial to do this in 5 or 10 steps. From now on, it is up to you. Conclusion In conclusion, by examining the MVRV score of an instrument, we can deduce that investors are at a loss if the price is below 1 (relatively cheap), and relatively profitable if it is above 1. Historical examinations made specifically for the instrument help us to understand where the price of an instrument heats up based on the MVRV score. In this way, we can create a gradual selling strategy specific to the instrument. When we look at AVAX, we can see that it offered selling opportunities after 1.11 points in the previous bull run. Following the 1.11 points closely can be beneficial for investors in this bull run. Thank you for reading.
ALong
by Bullfighterr