AVAXUSD
AVAX - Road to 2024Typical bear market trend structure so far, keep printing LL - LH - LL - LH.
It looks like we are to print another LL.
I started DCAing BUT my bags are small as usual since it’s just the the first week of 50 week of accumulation for me.
IMO we are gonna start 2023 with a bear market rally and print the LH.
Winter is long, bags are small, bags will get heavier with time.
✅TS ❕ AVAXUSD: above the support✅✅ AVAX bounced back from support.
Price is trying to return to an ascending structure.
We believe that the asset will resume its price rise. ✅
🚀 BUY scenario: long to 18.73. 🚀
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Remember, there is no place for luck in trading - only strategy!
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AVAXUSD Significant upside potentialAVAXUSD is trading inside a Channel Up having formed a Golden Cross (1d) 6 weeks ago.
The RSI suggests that one last pullback is possible before a new 1 month rally starts.
Trading Plan:
1. Buy on the next pullback to the MA200 (1d).
Targets:
1. 25.00 (top of the Channel Up).
Tips:
1. The ideal buy entry would be when the RSI (1d) hits the 30.00 oversold level again.
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Avalanche FRVP on WeeklyI think FRVP gives a very good result in identifying support and resistance. In this direction, a FRVP that we will apply to the Avax chart in the weekly timeframe shows us that the 17.50 level is support and AVAX is sitting on this support. I think the return from this level in the weekly timeframe is very positive.
To get out of the bottom section... (19.73 important)Hello?
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(AVAXBTC 1W Chart)
The question is whether it can break out of the downtrend line by rising above 0.0007352.
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(AVAXUSDT chart)
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(AVAXUSDT 1W Chart)
If the price is maintained above HA-High, it is highly likely to continue its mid- to long-term upward trend.
Therefore, the key is whether it can rise above 19.73 and be supported.
If not, you should check if it is supported around the HA-Low indicator.
(1D chart)
The key is whether it can be supported around 17.15 and rise above 19.72.
If it fails, you should check for support around 14.99.
The 17.15 point is the HA-High indicator point on the 1W chart, so if the price is maintained above this point, it is highly likely to continue the mid- to long-term upward trend.
However, it needs to rise above 19.73 to continue the upward trend.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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AVAXUSDT| Wave Projection| Potential Ending Diagonal 5-WaveTFD Wave Analysis / Projection - 5 wave ending diagonal pattern? Normally the opposite of previous wave if wave 1 was ABC uptrend, the correction could be 5 wave down
> A potential 5 wave pattern correction downtrend bullish scenario with 5-3-5-3-5 pattern after finishing uptrend ABC wave pattern 5-3-5
> 1-wave - 5 wave downtrend correction retraced previous ABC uptrend or major 1 wave at 0.5 fibonacci level
> 2-wave - ABC uptrend retraced 0.786, 3-wave extended 1.272 of 1-wave, and currently making 4-wave at 0.5-0.618 of 3-wave at falling channel / 50MA resistance but should not rise beyond 2-wave.
> The projected 5-wave downtrend at the target previous DOUBLE TOP pattern expected at 0.5 - 0.786 extension of 3-wave, making a false breakdown with a bullish divergence signal.
Long Entry: 200MA re-breakout zone after the bullish divergence in TFD
✅TS ❕ AVAXUSD: returned in the channel✅✅ AVAX/USD is in an ascending structure.
The chart is moving above the support area and has returned to the descending channel.
We expect the price to rise if it fixes in the channel.✅
🚀 BUY scenario: long to 18.73. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
AVAX 100 % gains comingWe expect that the price will get rejected at the strong resistance ($21,600 - $22).
You can short it (stop loss recommended) or be patient and wait for a price to drop into our buy zone ($10-$11). From there we expect a pump towards strong resistance again which would be over 100 % gain.
Mid-term the market remains bearish overall .
✅TS ❕ AVAXUSD: before a reversal ✅✅ AVAX repeatedly can't break through the support area.
Volatility has clearly slowed down.
Price will bounce from the current range.✅
🚀 BUY scenario: long to 17.75. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Avalanche/US DollarThese are levels that I'll be keeping an eye on when dealing with AVAXUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency.
.....
Seeing that price hit a significant low, potential profit margin resting above current price along with a bearish impulsive followed by a descending channel. I would wait for a break of the $20 & $30 price points and retracement for bullish precursors. We shall see...
Loco and Avalanche (AVAXUSDT)Loco's launch of LegendsByLoco on #Avalanche is a significant move for both the streaming platform and the #crypto coin. Avalanche is a well-established #cryptocurrency with a growing user base, and the #partnership with #Loco will likely drive even more adoption.
The launch of #LegendsByLoco on Avalanche is a significant development for Loco, as it allows users to participate in player-owned fantasy esports. This is a unique feature that sets Loco apart from other #streaming platforms, and it could help the company continue to dominate #India's streaming market.
Furthermore, the partnership with Avalanche gives Loco access to a reliable and secure blockchain platform that can handle high transaction volumes. Avalanche's consensus mechanism is designed to support high throughput and fast confirmation times, making it an ideal choice for Loco's fantasy esports platform.
Overall, Loco's partnership with Avalanche is a smart move that could help the company maintain its position as India's largest #video #game streaming #platform. With more than 50 million users and counting, Loco is well-positioned to take advantage of the growing interest in player-owned #fantasy #esports, and its partnership with Avalanche gives it a solid foundation on which to build.
Target zone: $37,90 - $41.00
✅TS ❕ AVAXUSD: trading in the channel✅✅ AVAX moves in a descending channel.
The chart was held under the upper border of the channel.
I expect that the asset will continue to decline. ✅
🚀 SELL scenario: short to 19.58. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments