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Avaxanalys

AVAX LONG Future ForecastHello friends, With Bitcoin breaking its all-time high, we are on the verge of entering a mega bull season. While Bitcoin has led the bull run so far, and although the altcoin market has shown some upward movement, it's premature to say that the altcoins' rally has begun. I believe the real surge for altcoins will start from today onwards. AVAX, which has shown strong performance even during the pre-ATH bull season, I anticipate will continue its performance more efficiently in the coming days. Looking at the situation technically, in the short term, we are within a cup and handle formation, and we have reached our initial target of (50.03$). If we break the target resistance, the RSI on the 4-hour and daily charts will turn into overbought territory from the 70 levels, and according to the formation, our next target will be 59.20$, triggering overbought conditions on the daily chart and initiating a new daily uptrend wave. Easily, we will reach our current resistance levels (79.91$, 99.42$, 127.38$) and then ATH (148$) levels. Stay tuned for more gains, my friends! Wishing you all profitable trades.
Long
by KriptoTraderr
1
Buy Signal for AVAXUSDTAnalysis: RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum. MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias. Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point. Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3. Trade Plan: Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD. Take Profit: TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile. TP2: Place the second take-profit level at the next zone of higher volume in the volume profile. TP3: Target the third take-profit level at the subsequent zone of higher volume. Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk. Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly. Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Long
by ispatialresources
AVAXUSDT.1DBased on the given market data, the AVAX/USDT pair is currently trading at $40.50. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.54, 57.72, and 74.0 respectively, indicating a neutral trend in the short term (4h) and slightly bullish trend in the medium (1d) and long term (7d). The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.11, 1.60, and 6.32 respectively. The negative MACD in the short term could indicate a potential bearish reversal, while the positive MACD in the medium and long term suggests a bullish trend. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 43.79, 43.57, and 52.14 respectively. The current price is below the middle band in all three time frames, indicating a bearish bias. The support levels for 4 hours, 1 day, and 7 days are $38.18, $37.50, and $27.82 respectively, while the resistance levels are $44.0, $44.0, and $49.60 respectively. If the price breaks the resistance, it could move towards the next resistance levels. Conversely, if the price breaks the support, it could move towards the next support levels. In my opinion, the AVAX/USDT pair is currently in a slightly bullish trend in the medium and long term, but with some potential bearish reversal in the short term. Traders should watch the support and resistance levels closely, and consider the RSI and MACD indicators to make informed decisions. As always, it's important to consider other factors such as market news and overall market conditions before making any trading decisions.
by MarsSignals
3
Avalanche AvaxWhat is Avalanche? Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 400+ individual projects, $64M+ of AVAX burned (reducing supply), 1,200+ individual block-producing validators, and over 1.3M+ community members around the globe. - Strong Project, " TP Numbers " are very simple. - i didnt include Fibo calculations to keep the chart clean but i've done it ----------------------------------------------- Trading Plan ----------------------------------------------- Buy : Now Rebuy : 50$ Zone is a gift ----------------------------------------------- TP1 : 150$ (ATH Security TP) TP2 : 200$ TP3 : 300$ SL : 40$ if you want to set it ----------------------------------------------- Happy Tr4Ding!
Long
by thecryer
12
AVAXUSDT.1DBased on the given market data, the AVAX is currently trading at $33.22. The coin has a relatively neutral RSI on the 4-hour chart at 43.23, which means it's neither overbought nor oversold. The MACD on the 4-hour chart is negative, suggesting a bearish momentum. The Bollinger Bands on the 4-hour chart indicate a possible resistance level at $34.56. The support levels are at $30.95, $29.22, and $25.46. If AVAX breaks below these support levels, we could see further downward movement. However, if it breaks above the resistance level of $37.73, it could test the higher resistance levels at $41.92 and $43.65. On the daily chart, the RSI is slightly lower at 40.11, which may indicate a bearish trend. The MACD is also negative on the daily chart, further confirming the bearish momentum. The Bollinger Bands on the daily chart show a potential resistance level at $40.04. The support levels are at $30.92, $22.98, and $20.70. The resistance levels are at $41.88, $50.10, and $53.66. The 7-day RSI is at 67.82, which is closer to the overbought territory. This could indicate a potential price correction in the near term. The MACD on the 7-day chart is positive, suggesting a bullish momentum. The Bollinger Bands on the 7-day chart show a potential resistance level at $47.63. The support levels are at $22.42, $8.75, and $3.00. The resistance levels are at $50.10, $54.0, and $63.25. In conclusion, the short-term indicators suggest a bearish momentum for AVAX, while the 7-day indicators hint at a bullish momentum. It's essential to monitor the market closely and consider other factors before making investment decisions. Always remember that cryptocurrency investments come with high risks due to their volatile nature.
by MarsSignals
Avax Target - Good short entryAVAX analysis - Elliott Wave Perspective After an impulsive uptrend, Avax seems to be losing momentum and consolidating. Now that it has reached its highest points, it may be time for a wave of downward movement. According to the Elliott Wave perspective, AVAX is currently in the final wave of an impulse wave. This means that we will soon see a correction, but there will still be one last upward move. I am personally taking a short position between $28.00 and $28.50 for the following reasons: - 1 to 1 extension of wave 1 - 1.618 extension (expanded flat) - Bearish divergence (RSI) - Correlation Main count BTCUSD (Related ideas) It is important to note that the Elliott Wave perspective is based on historical price movements and patterns, and future price action can never be predicted with absolute certainty. Markets can be volatile and unpredictable, so it is always wise to trade cautiously and manage your risks. Remember, financial markets are inherently volatile, and investing is always a personal choice. It is crucial to conduct thorough research, carefully assess your risk tolerance, and form your own judgment before making any trading decisions.
Short
by BeCryptosignals
4
AVAXUSDT.1DBased on the provided market data, AVAX (Avalanche) is currently trading at $17.95 against USDT. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 78.40, 93.36, and 65.58, respectively. The Moving Average Convergence Divergence (MACD) for the same periods are 1.32, 1.40, and -0.83. RSI values above 70 typically indicate that the asset may be overbought, suggesting a potential price correction could occur in the near future. The high RSI values on the 4-hour and 1-day charts suggest that AVAX is currently overbought and could be due for a correction. The MACD values for the 4-hour and 1-day charts are positive, indicating bullish momentum. However, the negative MACD for the 7-day chart suggests a bearish trend in the longer term. The Bollinger Bands (Bb) for the 4-hour, 1-day, and 7-day charts are 19.15, 17.62, and 18.0. The current price is above the Bb for the 1-day chart, which along with the high RSI, could indicate overbuying and a potential price correction. In terms of support and resistance levels, AVAX has support at $15.20, $12.46, and $11.10 for the 4-hour chart, and resistance at $19.15, $22.34, and $23.00. For the 1-day chart, the support levels are $12.46, $8.81, and $8.37, with resistance at $22.36, $24.13, and $30.90. The 7-day chart shows support at $11.76, $10.50, and $7.60, and resistance at $23.00, $30.00, and $35.80. Based on the above analysis, while there is short-term bullish momentum, the high RSI values suggest a correction might be imminent. The long-term trend, as indicated by the 7-day MACD, is bearish. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops. Please note that this analysis is based on the current market data and does not take into account unforeseen future market events. Always do your own research and consider your financial situation before making investment decisions.
by MarsSignals
AVAX Under ☁️ Skies: Is it Time to Sell? Bullish sun ☀️ shines over most of the global crypto market, indicating a continued upward trend in the coming 24 hours. Cloudier ☁️ bearish trading conditions linger over Ripple’s XRP, Avalanche, and Binance Coin, signaling a downward trend, ATTMO shows. Over a one-week horizon, the bullish sun ☀️ will continue to dominate the crypto universe, though Litecoin and XRP may face cloudier 🌥️ conditions and a downward trend. Follow us for more crypto weather reports!
CRYPTOCAP:AVAX
by ATTMO
AVAX - Rain Ahead 🌧️; 24-Hour Bearish Trend Cloudy and rainy trading conditions 🌧️ loom for the global crypto market in the next 24 hours, forecasting a bearish market with downside risk. Avalanche and Polkadot encounter extremely bearish conditions, hinting at an impending rebound. Over a one-week horizon, the ☁️ cloudy trading conditions persist. However, Bitcoin, Cardano, and Chainlink glimpse a bit of bullish ☀️, suggesting a potential slight rebound. Follow us for more crypto weather reports!
by ATTMO