AVAXUSD
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at a price of 23
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 23.69
First target 24.81
Second target 25.70
Third target 26.86
AVAX : Potential Reversal in MACRO TFA downtrend, or bearish trend is characterized by a few things including making lower lows and lower highs. This is evidently seen when pulling up the macro timeframe and applying trendlines towards major bounce zones or wicks.
Similarly, an uptrend is characterized by the price making higher lows, and higher highs. Currently, we are only seeing ONE of these conditions met - the higher lows. This does not mean the price cannot retrace towards the trendline. However, as soon as the trendline is lost, the higher lows is invalidated and the price remains BEARISH.
A fall UNDER the trendline would likely lead to a revisit of a wick at $17.
While you're here👀 Make sure you check out yesterday's post on 3 Alt that are bearish right now:
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BINANCE:AVAXUSDT.P
AVAX analysis (1D)From where we put the red arrow on the chart, it seems that AVAX has entered the correction phase.
We now seem to be in the F wave.
The price can drop down soon.
If the g wave is normal, it can end on Entry 1.
But if the g-wave is extended, the g-wave can continue up to the Entry 2 range.
Risk-averse people can wait for Entry 2, and risk-taking people can enter the range of Entry 1 and Entry 2 in the form of martingale.
We have such a view on AVAX.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AVAX $300+ This Bull RunBuckle up ladies and gentlemen, we are at the part of the cycle where we are nearing the end of the consolidation period and are getting ready to catapult, BTC at any moment will break 62k and when 70k is broken the true alt season run will occur. Avax is putting out a lot of amazing things and doing on chain collabs for example the California DMV is building their titles on AVAX which is actually insane making real life utility. $300 is a good base target but we can easily push 4-500$
AVAX - TRADING AT KEY SUPPORT LEVEL#AVAX/USDT #Analysis
Description
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+ AVAX is currently trading at a key support level, and holding this level is crucial for maintaining further bullish momentum.
+ A falling wedge formation is also visible, and a breakout from this pattern could drive the price higher.
+ A clear reversal from the support zone is needed to confirm the bullish trend. We can enter a long trade at the current price, with a stop-loss set below the support zone and a target at the local resistance.
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VectorAlgo Trade Details
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Entry Price: 20.88
Stop Loss: 15.93
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Target 1: 28.10
Target 2: 37.44
Target 3: 48.62
Target 4: 62.34
Target 5: 87.40
Target 6: 99.28
Target 7: 133.97
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
AVAX ANALYSIS (1D)From where we entered Start on the chart, it seems that the AVAX correction has started.
The correction seems to be a diametric that we are now in wave E of this diametric.
Now we have determined the best demand range on the chart. We will look for buy/long positions in this range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AVAX - finally going to make a big move??AVAX - finally going to make a big move??
This ones interesting
1. usually it moves out of phase a bit, after the other popular L1's from last cycle. so its good for rotation if one of the others moves hard first.
2. remember that lawyer vid from last cycle; these guys strike me as massive cheeseball scammy mofos ;; but then in crypto who isn't ??
I've decided to play JOE, and its my only AVAX chain play.
Also the chart is not as clear cut as some of the other big ones; eth, btc, sol etc
Looks like there is a chance we are bearish here... but im pretty confident this cycle is not done so early. but always remain vigilant and able to move like water. that is what will save your portfolio.
\
gl
High risk tradeThis is a 4-hour chart analysis of the AVAX/USDT pair, highlighting key support and resistance levels. The market has experienced several fake breaks near the upper resistance. The area between $24.70 and $25.40 serves as a strong support zone, and a potential entry point for a buy position.
Trade Breakdown:
- Buy Entry 🟢: Support zone at $24.70 - $25.40
- Target 🎯: Resistance area at $32.55
- Stop Loss (SL) 🚫:
- High Risk SL: Below $24.70
- Best SL: Below $22.00
This analysis suggests that traders could consider entering a long position around the support zone while setting appropriate stop-loss levels to manage risk.
Avalanche AVAX price is on the verge of a strong movementThe trading volume of #AVAXUSDT has firmly established itself in the top 10.
So is Avalanche token being actively sold or bought now?
We will have all the answers soon, but for now, here are two scenarios for the CRYPTOCAP:AVAX price movement:
🔴 red - $35 - $45 - ($18.7-23.7)
🔵 blue - $32 - $55 - $43 - $110
So which pill 💊 will you choose 🔴🤷🔵 ?
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#AVAX/USDT#AVAX
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside.
We have a bounce from a major support area in green at 24.00
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 27.00
The first target is 30.35
Second goal 32.33
Third goal 34.71
AVAX - BUY ZONE Tested, Onwards and UPwards!Is the AVAX correction finally over?
If you've been following, you'll know that we were early bullish on AVAX, since DEC 2023:
And then again early 2024:
After losing 66% from ATH, Avax has bounces successfully from the identified buy-back zone (hope you didn't miss it!)
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BINANCE:AVAXUSDT
AVAXUSDT#AVAX #Avalanche has formed a beautiful chart. Since March, it has been continuing a downward trend, forming a descending wedge pattern. It's close to breaking the resistance. If it breaks the resistance and maintains above it, the upward momentum will be confirmed. It is expected to reach the Fibonacci levels of 0.382-0.618-0.786-1 sequentially. Therefore, the targets for AVAX are expected to be $30, $43, $53, and $65, respectively.
AVAX 2024- Fast Update.
- Everything in Graphic.
- Buy Breakout 50$++. ( always wait Weekly candle on Monday to have confirmation ).
or
- Buy Retracement : 18$ ish ( 25% invest ).
- Buy Bottom : 10$ ish ( 75% invest ).
- TP1 : 150$ ish( old ATH )
- TP2 : before 380 to 500$ ish ( Just don't be greedy ).
Play S4fe
Happy Tr4Ding !
AVAX support is lost on HTFAVAX / USDT
We have shorted this coin few hours earlier
And resulted in nice profits ✅ but it looks like it can drop more ‼️
What we can see in chart:
1- clear big cap coin HTF chart
2- Trendline support is lost
3- Previous swing high is lost
4- Until it comes back above support the priority in short term is bearish
5- it can make a short squeeze in between but next major support is around 20$
best of wishes
AVAXUSD Bottom formation in process. Target $105.007 months ago we published the following analysis (December 14 2023, see chart below), expecting Avalanche (AVAXUSD), to correct back to the 1.0 Fibonacci level after a potential $55.00 hit:
As you can see the price action didn't fail to deliver our projection, in fact it followed very tightly the February - July 2021 pre-rally pattern of the previous Bull Cycle. Right now it has found Support on the 1W MA100 (green trend-line), while the 1W RSI is on the exact Support level it was on the June 21 2021 bottom.
Even though a marginal decline is possible to satisfy the past condition of slightly breaking below the 0.5 Fib, the current levels are good enough to buy again for the long-term.
As in November 2021, our Target is again the 1.236 Fibonacci extension, which is currently just above the $105.00 Resistance.
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