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AVAX → Avalanche Falls to $22! Heading Back to $50?Since my May 18th update, AVAX has fallen into a pullback, as expected. We found resistance at $41.80, took half profits, and then pulled back in two strong legs. Should we be bearish or bullish on Avalanche? How do we trade this? 🤔 As expected, AVAX found resistance at the 2021/2022 resistance area of $60.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us near Push #1 support at around $25.00. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $25.00. I would not enter a long yet unless you're fading into your total position size. What we need now is two or three tests of the Push #1 support area between $23.00 and $25.00, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in AVAX. A final point of data is the RSI low and below the moving average of around 42.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us. 💡 Trade Idea 💡 Long Entry: $27.00 🟥 Stop Loss: $21.33 ✅ Take Profit #1: $32.70 ✅ Take Profit #2: $44.00 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Three legs up into a resistance zone after a breakout 2. Head and Shoulders reversal pattern 3. Two-legged pullback to Push #1 Support 4. Wait for a double-bottom followed by a strong signal and confirmation candles 5. RSI at 42.00 and below the moving average. Supports waiting for a long entry. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
3
AVAX → Avalanche Falls to $30! Heading Back to $50?AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up? How do we trade this? 🤔 We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. We tested the 30EMA as resistance followed by a strong bear bar closing on or near its low on April 9th. That was our confirmation to enter the short down to $27, we took profits just north of $30 where the run ended. This completed a two-legged pullback, which is a signal that the price may want to re-test $50 and beyond. We've had several attempts to break that low since and found ourselves in a nice trading range. The longer a trading range continues, the greater the chance the price will reverse direction from the price action to the left of the range. With Bitcoin in a nice pullback and seeming to want another run for $74,000, AVAX is likely to follow toward the upside. Wait for a strong bull candle to close on or near its high at this level, then enter a 1:2 Risk/Reward trade, taking half profits at 1:1 R/R ($42.000). Move the stop loss up to the entry price and swing the latter half of the position to $49.00, just before the left resistance area. 💡 Trade Idea 💡 Long Entry: $35.00 🟥 Stop Loss: $28.00 ✅ Take Profit #1: $42.00 ✅ Take Profit #2: $49.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up into a bull trend. 2. Price has made contact with a 2021 resistance area. 3. Strong sell signal pushing below the Daily 30EMA 4. Two-legged pullback from bull run, price has run sideways for an extended time, look for long entry. 5. RSI at 40.00 and on the Moving Average, supports long bias. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
AVAX → Avalanche Pullback Complete? Long to $50 or Higher!AVAX ran three pushes up in a bull channel just shy of the 2022 Resistance area topping out at $50. That was followed by a pullback and a strong bull signal. Is it time to long? How do we trade this? 🤔 A long entry is close to being justified! Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $50 (psychological number because it's even) just below the 2022 resistance price of $53.25, followed by three pushes down in a micro-bear channel, the final push of the bear channel ended in a strong bull signal bar, and we have a good bull bar close on the third after the signal bar. What we need now is a strong bill close above the 30EMA. A desirable data point would be a re-test of the micro-bear channel resistance as support to add probability to our long. However, I do not believe this is required to justify a long entry. I believe we need to be conservative longing at this stage in the crypto market, which is why I only advocate for a 1:1 scalp at a lower than maximum position size allowed for your trading strategy. I think Bitcoin and Ethereum have a larger pullback on the horizon, but do believe the market will come up a bit before it goes down. 💡 Trade Idea 💡 Long Entry: $34.90 🟥 Stop Loss: $23.90 ✅ Take Profit: $45.90 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Three pushes up in a bull channel ending at 2022 Resistance. 2. Micro Bear Channel forms with three pushes down. 3. Strong bull signal buy bar on the third push. 4. Wait for a close above the Daily 30EMA to enter a long position. 5. RSI at 46.00 and above the Moving Average, supports long bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
AVAX → Avalanche At Resistance! Reversal Time? Let's Answer.Avalanche had one more nudge toward the 2021/2022 resistance level since my last analysis, creating a bearish divergence and setting us up for a short trade. Should we short now? How do we trade this? 🤔 As stated in my last analysis and this one, we need a short signal and confirmation for justification to short AVAX. Our proposed third push up from the previous analysis never rendered a sell signal and has now created a bearish divergence with the RSI. This means the price had a higher high and the RSI a lower high, signaling weakening bulls. This does *not* mean we enter a short now, it's too risky without more price action. We need a strong sell signal and preferably, a break below the channel support and a re-test for resistance. Then short down to the Daily 200EMA at a 1:2 Risk Reward Ratio. It's also reasonable to take half profits at a 1:1 Risk Reward (around $28.00) and swing the remainder at a 1:3 risk reward or until a reversal signal shows itself. 💡 Trade Idea 💡 Short Entry: $34.00 🟥 Stop Loss: $25.00 ✅ Take Profit: $40.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Three Pushes up in Trend with Sell signal, Signal to Change Trend. 3. Gap to Second Push Support Line. 4. RSI at 63.00 and below Moving Average, Divergence. 5. Wait for Short Confirmation bar before entering a position. 💰 Trading Tip 💰 Divergences between price action and the RSI are not strong signals on their own. Combined with three pushes up in a trend, a major resistance area, and a sell signal, renders a higher probability of profit for reversal trading. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
AVAX → Avalanche Reversal Imminent!? The Tipping Point is Near.Avalanche (AVAX) is burning red hot on the charts and flirting with the idea of a reversal. Do we have the justification to short here? Or will the trend continue upward? How do we trade this? 🤔 AVAX has three pushes up in this trend, three sell bars near the $44.00 level, and an RSI level of 82.00 and below the Moving Average. These are all signs that a trend change is coming in the near future and at the very least, entering a long position here is not justified. It is reasonable however to capture some of the downward price action with the correct indicators. We need break below the bull channel support around the Daily 30EMA with a strong bear bar closing on or near its low. Followed by a retest of the channel support as resistance to confirm that the bull trend is over. At this time, its reasonable to scalp a short at 1:1 Risk/Reward around the $31.00 level, stop loss at $37.00, and take profit at $25.00. It is also reasonable to go for a 1:2 Risk/Reward down to $19.00 after moving your stop loss up to your entry price and taking half profits at 1:1 Risk/Reward. Until then it's wise to remain on the sidelines and wait for the correct signals to enter the market. 💡 Trade Ideas 💡 Short Entry: $31.00 🟥 Stop Loss: $37.00 ✅ Take Profit: $19.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Three Pushes up in Trend with Sell signal, Signal to Change Trend. 3. Gap to Second Push Support Line. 4. RSI at 82.00 and below Moving Average, Strong Bias to Short 5. Wait for Short Confirmation bar before entering a position. 💰 Trading Tip 💰 Probability that the price will go the direction of the trend is low at the beginning (swing trade) and end (late scalp) of a trend. Proportion your position size, risk (stop loss placement), and reward (take profit placement) to the probability of profit at your entry price. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
AVAXUSDT 12h A possible AVAX price movement for the coming monthAlmost two months ago, we published a global idea for a trade pair of Avaxusdt Then the AVAX price was in the middle of the liquidity zone $27-37, from where she headed on the red route and clearly reached the target - $14 I would like to believe that for a few weeks we're looking at how the Avaxusd price is ramming bottom and filling the big long position The estimated possible movement of the Avaxusdt prices we depicted a blue route. The first target for a medium-term trade +60% in the area of ​​$29-31 In danger of Long positions will be if the price of Avalanche token will be consolidated below $15, below critical support _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
23
When AVAX cryptocurrency do it x2 growth ?Today, on the global chart AVAXusdt, consider how this trading pair endured another sharp fall in May. To begin with, let's take a look at our previous global idea for a pair of AVAXusd, which we did exactly 3 months ago. At that time, we made an approximation with longs buy zones As it turned out 3 months later, our most pessimistic $40-45 purchase zone at the top of the red liquidity zone was not the bottom of the decline. Fall lows are recorded at around $23, at the bottom of liquidity zone, in which a year ago for a long time decided who is stronger: buyers or sellers. Keeping buyers in the coming days of the AVAX price above the mark of $30 will be a good signal to go to the long. The purpose of fixing longs in the up liquidity zone is $64-81 If the price of the Avalanche token is fixed below $26 , it will most likely coincide with continue the global decline in the cryptocurrency market. In this situation, it is necessary to place "buckets" for the purchase of AVAXUSDT near 14 dollars. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
36
#AVAX/USDT 2Hour UPDATE !!As we can see from the above-mentioned chart that AVAX printed an inverse head and shoulder pattern and broke the neckline. Now it's moving to retest the neck line so here we can take entry for approx 40% profit. Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
Long
by CryptoSanders9563
AVAX 1D Three Levels to Buy LongToday we will consider the chart of AVAXUSDT, the price of which has almost doubled in a month. But first let's look at our previous idea, where the white route with a projected growth from $40 to $140 worked out completely As you can see from the AVAXUSD chart, before strong growth impulses, the price likes to be in consolidation to form a bullish flag for a long time. We also assume the same correction at this stage, which gives us three possible outcomes: 1. The price will either break through and consolidate above $100 in the next few days, or there will be a shallow correction, not below $76 - and then open way for growth with the first target of $200-210. 2. A deeper correction, but without updating this year's low, i.e., not below $60. A consolidation above this level will open the way for growth, with the first target of $200-210 as well. 3. A deep and prolonged correction to the area of $40-45 , from where we had the previous growth. This is a strong mirror level and if the buyers become aggressively active there again and show their serious intentions, it will be possible to buy a large position. The target for growth is $400+ for AVAX, with a very ambitious x10 from the buying zone. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
26
AVAX 1D Where can we buy safely and then sell profitably?Today we have AVAXUSDT — another trading pair in our analysis, voted for under our "Bitcoin Weekend #17" idea. AVAXUSDT price showed a gorgeous 500% growth in less than a month, almost reaching ATH We congratulate all traders and investors, who at least managed to get out of the drawdown, if they bought on the previous growth wave and did not have time to fix it in time, and at maximum — they made good profit on such a strong growth movement. What are we waiting for next — you ask, correction — we will answer). And from the depth of the correction and the volumes, where it will take place, it will be easier for us to determine who is stronger at this moment: the buyers or sellers. If the sellers aggressively buy from the range of $38-40 and do not let the price go lower, then you can expect an update of the absolute maximum of AVAX in the near future, and after that you can aim for growth up to $140. If the correction will be delayed in time and depth, then we can forget about a quick rise in the pair AVAXUSD for 1-2 months. However, there is also a plus here, longer accumulation of positions by buyers will give them more time to rest and gain strength for the next upward movement. Accordingly, the successful purchase of AVAXUSD in the area of $19-2 4 can in time increase your deposit by x10 times, because the target for profit taking in such a trading situation may be in the area of $200-215 _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
53
AVAX Possible Bullish BounceCHART SUMMARY Binance - Weekly Candles - AVAX/BTC CHART OVERVIEW Fibbonaci Circles: from the centre outwards = 0.382, 0.618, 1, 1.618, 2.618, 3.618. ANALYSIS The price is heading towards the green 0.618 circle, this is a pivotal price point and could indicate a bullish bounce is upcoming. CONCLUSSION If lots of volume and a sharp rise occurs after contacting the 0.618 circle this is looking bullish, if price drops through and lingers below it's looking bearish. What do you guys think, bullish or bearish? Personally I'm bullish based on fundamentals and price action. *DISCLAIMER: NOT PROFESSIONAL ADVICE
Long
by cmpkpersonal
5
AVAX - INV-H&S TARGET HIT! WHATS NEXT?Hey everyone. AVAX had a nice Inverse H&S followed by a retest of the neck line and bounce. That's EXACTLY what I like to see in a H&S pattern. The question now is CAN WE GO HIGHER before a little consolidation. AVAX does look pretty strong. I pulled up a fib retracement to get some ideas of what to look for IF there is a slight pullback. There MAY NOT be one In which case I expect AVAX to HIT the $100 - $105 mark. If it does retrace here, I THINK it would likely bounce off the .786 or .618 level ... It looks strong so a bounce off of the .786 would lead to a more immediate continuation to the upside. A .618 bounce could result in a bull flag and then continuation upwards. Any type of 4HR close below the .618 would likely lead to a slower consolidation. I think this is just the start for AVAX and It should continue to do well this bull market. I will update this IDEA as I do the others. When I first put out an AVAX chart it was around $59 (link below) . We've gained over 50% since then! I do believe there will be much more upside to come this bull market as I REALLY LIKE the Fundamentals of this coin. It's not too late to get in... I would wait for a correction though. and we'll have a better IDEA of a potential LOW RISK entry! If you like this IDEA please LIKE, FOLLOW, and SHARE. I appreciate it and It helps me achieve my goal of helping others by providing realistic market analysis. Hope everyone is doing well. DON'T FORGET to TAKE PROFITS. You never actually GAIN MONEY until you take profits. ** As always, This is NOT financial advice. This is just an IDEA based off of my experience trading and studying cryptocurrencies. I always recommend doing your own research before investing or trading anything.** Take care.
by Mboersma0324
1
AVAX the next big thing ? touches all time high ? what next ?Hi, I have seen a lot of you was asking about the AVAX avalanche you can say, It surprises everyone with a growth of 400-500% in a month. As it touches ATH and gaining the attention of masses and have a probability of going to 150+ in coming months, because of strong volume and protocols So if you get a chance which will you get eventually buy it around 38-40 and hold it until it gets around 100+ which give you 100X profit and it shows his potential during last month, if it goes down buy it around 30 as well and hold it, it will be best scenario if it goes to around 30 but first, you have to see the bull reactions at 38-40 range and volume indication will clear the directions but you to buy in part at every situation If it goes to my level I will definitely buy it
Long
by ProfessorMH
5
Update Buy Zone 2 Avalanche (Avax) 63%+ Gain to ATHUpdate 21/03/21 Buy Zone 2 Avalanche (Avax) 63%+ Gain to ATH, perfect sniper entry back to ATH from current price level. We May not see this price again, DCA and accumulate from this Buy Zone 2. Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market! Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70. Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :) Key Notes on this project: Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem. Capped Supply An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
BITFINEX:AVAXUSDLong
by CryptocurrencyMagnet