AVAXUSDT - Time to buy?BYBIT:AVAXUSDT
1H trend chart
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AVAX just broke out the downtrend line, and even took out the neckline of double bottom(blue zone) in 1H chart right now.
There are lots resistance around the neckline.
So if price can stand firm at 90.015 w/o wicks top, trading strategy as below.
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Profit Targets:
a) 93.285~94.605----Fib(1.272~1.382)
b) 96.025----Fib(1.5)
c) 102.030----Fib(2)
Stop losses:
a) 87.615-----Red horizontal ray
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AVAXUSD
AVAX is moving in Uptrend channel, Can we buy now?As you can see in the chart, AVAX is moving in a huge uptrend channel which is strongly directing the price to upwards.
Trend is extremely bullish and 170$ is the next target for this coin in 3 or 4 upcoming month and passing Mid Line faster will cause to faster result.
Move and Don't stop!
AVAX Long, Target of $122 by EOM, Breakout 12-14NovThe cup and handle pattern played out as expected and now a bull flag is forming on the daily. The bull flag target matches up nicely with the sine wave projection as well as the fib extension. A lot of buys orders coming in during this correction and a push upwards is imminent. TSI has headroom as well as beginning a new momentum cycle.
AVAX - $209 MID-DECEMBERI like AVAX just because it has such a rad name... rad names = superbullish... JK! very good project makes me super bullish long term.... so i'm looking at $209 around mid december...
people need to understand setups require time to mature so a prediction today does not indicate a target is reached tomorrow
have patience, this will happen but also not trading advice
stay safe homies/homegirls/whatever else you go by these days
tg
AVAX ideaChart shows a study of recent AVAX movements with updated channel.
It is on the way to secure the H&S pattern target, but the midline acts as a strong resist for now. Upper channel price actions will be interesting.
Although not necessary, the pattern breakouts should usually show a volume breakout as well to confirm the trade. Right now the volume seems to be lower than the left shoulder, but this condition is just to confirm the trade, its not a must.
I expect the neckline of the pattern ($73) to act as a support with the channel bottom and $95 can be reached easily, with invalidation below the neckline of course, which will make the downside target area between $52-58 for a short opportunity.
As a trading strategy, I wouldn't jump in the coin at the moment but instead, buy the support, take profit at resists.
Stay safe!
AVAXUSDT , The price should have some pullbackHi guys
Did you take the profit of last week that we published ? or Not ?
Today we have analysis another amazing layer 2 blockchain coin
In last days AVAX is moving powerful toward new target and made new ATH because of the fundamental and news that published , at this time in technical view we need pullback for the price to be attractive for the investor and trader to be in buy position and buy some money of portfolio to AVAX .
We shown on chart a buy zone area and here we have nice R/r but this is market and anytime can happen anything we should be conscious about the market and the movement of trader .
BECAREFUL GUYS , MAYBE MARKET WILL STOP HUNTERING THE POSITION
Dont forget to attention to money management
Good Luck
Abtin
AVAX daily chart AVAX/USDT AVAX price eyes 25% ascent as Avalanche bulls prepare for triple-digit territory
AVAX price to enter triple-digit territory
AVAX price action between September 7 and October 20 formed a bullish continuation pattern. In particular, Avalanche bulls triggered a 153% ascent between September 7 and September 23, known as a flagpole. This move was followed by a consolidation in the form of a descending parallel channel known as a flag.
A decisive daily candlestick close above the flag’s upper trend line at $57 constitutes a breakout, forecasting a 153% ascent to $130. This target is obtained by adding the flagpole height to the breakout point.
So far, AVAX price has rallied 56% and has a lot more to go. However, there is a good chance that Avalanche will retrace to the daily demand zone ranging from $72.06 to $81.23. This move will allow the bulls to replenish for another leg-up.
In such a case, AVAX price will rally 25% to retest the 100% trend-based Fibonacci extension level at $100. A highly bullish case could see Avalanche bulls extend this uptrend to the next level at $130, constituting a 60% ascent.
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.
AVAX/USD - About to hit $100! Once there expect some pullback.AVAX looks very strong and a test of $100 is almost a no brainer...
Once there, the bears may come from hiding to pull down the price, but it may not be enough for AVAX as it has very strong momentum behind it. We may top somewhere in December and then we may have a more significant correction like in July.
Until then, if we pass $100, AVAX will run towards $200...
A very strong performer and the indicators are extremely bullish. Bias is bullish.
Like and follow if you liked my idea!
💡Don't miss the great buy opportunity in AVAXUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (79.80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70
Take Profits:
TP1 = @ 88.50
TP2 = @ 96.00
TP3 = @ 123.00
SL= Break below S2
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💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (79.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 85.57
TP2= @ 90.00
TP3= @ 95.00
TP4= @ 100.00
TP5= @ 105.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
AVAX - 40%-60% GAINS COMING AFTER DROP?Hello everyone. I've been an AVAX fan for a while now and if you're like me, you're waiting for the next BREAKOUT!
Given BTC's current position looking very likely for a SHARP DROP, I think AVAX and the rest of the market will likely follow. The question is CAN AVAX BOUNCE off the ema ribbon and IF SO, HOW HIGH?
Either way I think AVAX will be met with resistance which could result in a better LONG ENTRY/BUYING OPPORTUNITY at around the $58-$60 area.
I Personally think there's a 50/50 chance we can go a little higher before the bigger pullback to the "buying area" ($58-$60)
It is a little bit speculation but I DO feel like it has an alright chance of heading to that area for a bounce at some point!
What would INVALIDATE THIS is if AVAX pumps above the red "potential neckline" drawn on the chart and HOLDS ABOVE or SLOWLY curves back upwards above it.
***This is just my IDEA and OPINION based off of my experience doing Technical Analysis and Trading. Always do your own research before investing or trading***
Link to UPCOMING BTC SHARP DROP BELOW.
Feel free to LIKE, COMMENT, FOLLOW, and SHARE. I appreciate all of it.