AVAXBTC
AVAXUSDT (AVAX) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- AVAXUSDT brokeout above the bullish flag resistance and had a retest.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the first horizontal resistance level.
TARGETS 🎯
- Second horizontal resistance level.
- Third horizontal resistance level.
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level.
AVAX price in Bull FlagAvax cryptocurrency price in bull flag breakout above 12.5$
Avax is very strong project also good liquidity on the project, eyes on breakout of the bull flag
Bull flag : Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation
Looking to Buy Back Into AltcoinsThe market is definitely at a point where profits are being taken from altcoins that had
significant runs. This is a time to look to buy back in on some good looking fib levels.
Ethereum is currently performing very well, and Bitcoin is very likely to follow suit.
This will further drive down the prices of such altcoins vs. BTC.
We are still within a bull market, so we should be looking for entries that have good
risk to reward ratios.
On AVAX, I believe that the 0.786 of this Fib retracement is a good point. It
coincides with a historically significant price level, and we can expect some type of
bounce from that level. The 0.618 is also a point where we are likely to see a bounce.
Putting in a buy order at the 0.786 is safer, but you can also trade off of the 0.618
and take some profits out of that position immediately if there is a bounce to the 0.50.
AVAX looking bullish*While Bitcoin hitting $25k ATH again, most of altcoins kept rising against USD too.
*But during this time AVAX was falling and retesting the dip and retest was successful
*After resting $2.75 ,AVAX is moving up and will start pumping soon when BTC stops
Targets are $3.55 , $4.1 and $4.5 for now.
Buy zone is below $2.9
Good luck .
AVAXUSDT - bullish chartprecondition:
-Pressure level
-Key level
-Local trend up
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
AVAXUSDT - Potential sell entry 🔽AVAXUSDT brokedown below the trendline support.
Price retested the flip trendline resistance + 0.5 fibonacci retracement level.
Price action is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle support.
Target 🎯 - Support levels.
AVALANCHE potencial breaking out the downtrend. Short-term|| Avalanche is one of the latest projects listed on the Binance stock exchange. It is a relatively short graph that we can watch for less than 2 months. It is a project that works, among other things, to create a platform for applications of Decentralized Finance, financial assets, trading and others.
👌🏻I like that the structure behaves traditionally, as after listing on the stock exchange and after the initial hypepump, there was a gradual correction, which had a natural course with retracement and maintained accelerated down-trend. In the graph I follow a large bullish AB = CD pattern, the structure of which is nice except for a few negligible wicks. It is also possible to see a multiple reflection from the PRZ, around which a consolidation structure has formed.
👍🏻I do not primarily focus on the setup resulting from the pattern, but rather it indicates to me the potential end of the downtrend and the possible finding of a market price. I like the breakout of the accelerated down-trend, which occurred a few hours ago. The volume is not ideal yet, but the last 4H has increased. Daily MACD + Histogram in the predominance of bulls. RSI at the bottom of the neutral zone after rebounding from the oversold zone after bullish divergences. We primarily monitor Targets after the primary downward trend. The chart offers a decent RRR.
Avalanche AVAXUSDT - Descending triangle- Bearish descending triangle = continuation pattern to the downside
- The price is below previous trend line, that is bad for bulls
- Not looking good to me, you can short this coin on futures market
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