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AVAXUSD

AVAXUSD Crossed over the MA50 (1d). Buy signal.AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th. Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely. Trading Plan: 1. Buy on the current market price. Targets: 1. 19.1500 (Fibonacci 0.786). 2. 21.5000 (Resistance 3). Tips: 1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone. Please like, follow and comment!!
CRYPTO:AVAXUSDLong
by TradingBrokersView
2
The 12.40-17.15 section is the buy sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (AVAXUSDT chart) Looking at the 1M chart, A rise above 17.70 is expected to sustain the price before a full-fledged uptrend begins. Looking at the 1W chart, Currently, it is located in the section formed by the HA-Low indicator on the 1W chart. Therefore, the key is whether it can rise with support in the current section. However, since the HA-High indicator on the 1W chart is located nearby, it is not easy to actually buy. The reason is that the resistance zones are so close together. If the HA-Low and HA-High indicators are close together, you can see that they are converging as you can see by looking at the Bollinger bands. Therefore, in this case, it is necessary to check whether it is supported or resisted in the section consisting of the HA-Low and HA-High indicators, and it corresponds to the buying section. An upward breakout of the 19.73-23.96 zone is expected to release the converged forces. To put the above 1M chart description and 1W chart description together, If support is found at 17.70 on the 1W chart's HA-High indicator, it can be said that the uptrend is expected to begin. Looking at the 1D chart, The support and resistance points of the 1M, 1W, and 1D charts are combined in order of importance. Therefore, many lines are drawn. The interval of the HA-Low indicator on the 1W chart is the range of 12.40-13.83. Therefore, if the price rises from support in this zone, it is more likely to break out of the downtrend line and continue the uptrend. Accordingly, the key is whether the price maintains the price by rising above 13.83 based on the volatility period around July 15th. If this is not the case and it declines, you should check for support near the HA-Low indicator on the 1D chart. (11.56-11.80) The 14.99-17.15 section consists of the HA-High indicator on the 1W chart. Therefore, it is expected that the price will turn into an uptrend only when it breaks above this section. As I mentioned earlier, it is expected that a full-fledged uptrend will begin when the upward break of the 17.15-17.70 section and the 19.16-19.73 section. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
2
AVAX Avalanche Double BottomAVAX (Avalanche) has shown a promising chart pattern with the formation of a double bottom, indicating a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, and a shift towards upward momentum may be on the horizon. With the double bottom formation in place, AVAX has the potential to rally, and the first price target of $17 seems achievable. As the market sentiment improves and buying pressure increases, AVAX could experience a notable price appreciation. Looking forward to read your opinion about it!
Long
by TopgOptions
Avalanche to tumble southward as the downtrend persistsThe daily and 4-hour price charts of Avalanche showed the bears were highly likely to drive prices lower, especially after the move below $13.88 on 5 June. The higher timeframe charts showed that the mid-April rally failed to break key highs. This was followed by a downtrend in May, but the $13.8 area posed some opposition to the sellers. Avalanche had a bearish bias on the price charts. It is the fifth largest blockchain in terms of TVL but its DeFi activity stagnated in recent months. In other news, SushiSwap announced the launch of their v3 suite of products on Avalanche. The price action presented short sellers with an opportunity. The structure was bearish, but the volatility has been high over the past 48 hours despite seller dominance. If the prices fall beneath $13.5, it would represent a continuation of the downtrend. The market structure was bearish on the daily timeframe, and a downtrend was in progress. The 4-hour chart also showed a downtrend in progress. In May, the price formed a series of lower highs and lower lows. The $13.88 level served as support, but AVAX still formed a low at $13.71 on 25 May. On 5 June, the price fell to $13.48, showing that bears remained dominant. Despite the bounce to $14.6 on 7 June, the market structure remained bearish. Monday’s move was used to plot a set of Fibonacci retracement levels (pale yellow). It showed the 78.6% retracement level at $14.62, which explained the inability of the bulls to drive prices higher. Having established the bearish character of the market, a short trade can be entered upon a retest of the 50% retracement level at $14.21. The 23.6% and 61.8% Fibonacci extension levels at $13.14 and $12.58 can be used to book profits. A move by AVAX above $14.93 would invalidate this idea as it represents a key short-term lower high. It has been noted that the prices bounced to the $14.62 level on Wednesday. Despite that, the spot CVD continued to decline. Over the past 24 hours, the metric was flat, this showed buyers were in the minority and selling pressure was overwhelming. The Open Interest picked up a little, amounting to close to $10 million. However, when AVAX faced rejection at $14.6, the open interest dropped further. This development hinted at discouraged bulls. Overall, the bearish sentiment was prevalent both on the low and high timeframes.
CAPITALCOM:AVAXUSDShort
by DaveBrascoFX
1
AVAX Elliott wave Daily countAVAX is trading now into an important support zone. If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again. All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to complete a WXY complex correction and than to go up maybe for a wave 3. If you have questions feel free to ask, also I want to see your thoughts about AVAX. Good luck and hit the like button if you like my analysis and follow me for future count updates!
by Cross10XSignals
2
Avalanche: Gardener 🌷🌹🌼🌻The weather is getting better and the ones who can prepare their garden for the incipient new season of barbecuing, sunbathing, harvesting or just savoring nature. In its green garden between $16.67 and $11.77, Avalanche still has got some work to be done as well and should advance a bit deeper to finish wave ii in orange. Ideally, our crypto gardener should turn upwards near the 100.00%-retracement at $13.64, heading for the resistance at $21.81. To develop wave iii in orange, Avalanche should then climb above this mark, which should provide the altcoin with further upwards momentum.
BINANCE:AVAXUSD
by MarketIntel
Avalanche AVAX price preparing for a new wave of growth ?It is very likely that the AVAXUSDT price is now completing a correctional wave (2) Critical support below which the AVAX price should not fall is $13.90-16 If this is the case, then the Avalanche token holders will face a (3) growth wave ahead. The targets for growth in this wave are currently "smeared" at 37-50$ If this asset is interesting to you, then be active in the comments, we will see them and make more ideas for AVAXUSD as the price grows _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
40