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AVAXUSDT

ALTCOINS That are STRONG NOW1) AVAX If AVAX can close ABOVE the short term resistance zone, the way up is cleared and more upside potential becomes highly likely: 2) OPUSDT: OP bottom should be either close, or in as it made a full retracement after the last high: 3) PALM AI Palm has made a full retracement and filled out the opening candle. If you've been following me for a while, you'll know that this is an important metric for me to watch when buying newly released alts: 4) ARB Incase you don't know, I have this belief on buying newly released alts where I say the price WILL return to the opening candle zones sooner or later. A healthy bounce from here is then perceived as a sign of strength as the alt is ready for more upside. More on the above strategy here: HOW to BUY NEW ALTS:
Long
by Crypto-Check-
1
#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
Long
by CryptoAnalystSignal
#AVAX Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: CRYPTOCAP:AVAX is at the tip of the resistance trendline and the 50EMA. A breakout above the current resistance at $29.3 will possibly establish a bullish trend for AVAX. On the other hand, a rejection can be considered a good buyback opportunity in the range of $24.32 to $25.88. Key Observations: - Primary Resistance: $29.3. - Target Range: $41, $50, $58, $65. - Support: $24.32 to $25.88. Conclusion: Wait for the daily close to confirm a breakout or rejection pattern. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
Lower usage brings lower prices ---- AVAXThe employment data on Friday didn't change anything. Although gold and U.S.stocks rebounded, crypto continued to fall due to potential selling pressure from Mt. Gox and others. We believe this situation may continue into the interest rate cutting cycle. When recently sorting out on-chain data, including activity, TVL and other data, we found that the data of some old chains continued to decline and their fundamentals deteriorated seriously. This will result in its performance in the market being generally worse than other public chains. Avalanche is one of them. Except for the popularity of SocialFi protocol Arena in its ecosystem last year, there is almost no news at all. The same is true from the data. According to the number of 24h active addresses announced by Nansen, Avalanche holds about 40k active addresses every day, which is far less than the mainstream chains. And in terms of TVL decline, Avalanche and Optimism have become the largest heading chains with the largest decline recently. Of course, Optimism’s TVL is shared more with other chains in the OP alliance, such as Base. Avalanche, on the other hand, had a net outflow. The same is true from the indicators. Although the market has rebounded in the past two days. But AVAX is always below the wavy area of the TSB indicator. And the current trend is a downward trend that started on July 4th. This shows the weak performance of AVAX. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
Avalanche (AVAX) Rises: Can It Break Thru $30?Avalanche (AVAX), a prominent smart contracts platform, is currently experiencing a surge in price. As of July 1, 2024, AVAX is trading confidently above the $28.65 resistance level, hinting at a potential breakout. This article delves into the recent AVAX price rally, explores the technical analysis behind it, and examines whether AVAX can conquer the critical $30 resistance zone. A Bullish Breeze for AVAX The ongoing AVAX price rally offers a sigh of relief for investors after a period of price stability. The current movement signifies positive momentum, with AVAX climbing steadily from its $27.40 support level. This upward trend is further bolstered by the fact that AVAX is currently trading above both the $28.65 resistance level and the 100-hourly simple moving average (SMA). Technical Indicators Paint a Breakout Picture Technical analysis is a valuable tool for understanding price movements and predicting future trends. In the case of AVAX, a crucial technical indicator is the recent break above the declining channel with resistance at $28.40 on the hourly chart. This breakout suggests a shift in momentum, potentially paving the way for a further price increase. The $30 Hurdle: A Crucial Test While the current trend is undoubtedly positive, a significant hurdle awaits AVAX at the $30 resistance zone. A decisive break above $30 would be a strong bullish signal, indicating continued upward momentum. If achieved, this breakout could lead to further price appreciation, with potential targets around $32.50 or even $34.00. Support Levels: A Safety Net It's crucial to remember that the cryptocurrency market is inherently volatile. Even in a bullish scenario, there's always the possibility of price corrections. For AVAX, the $29.35 and $28.65 levels act as critical support zones. If the price fails to surpass $30, these support levels can prevent a significant decline. Additionally, the 50% Fibonacci retracement level of the upward move from $27.37 to $29.95 provides another layer of support around $28.65. A drop below $28.65 could lead to a slide towards the $28.00 level and the 100 SMA (4 hours). The $27.40 zone would be the next important support to watch in case of a deeper correction. MACD and RSI: Bullish Whispers Beyond price action, other technical indicators offer valuable insights. The Moving Average Convergence Divergence (MACD) indicator for AVAX/USD is currently climbing in positive territory. This suggests increasing bullish momentum. Additionally, the Hourly Relative Strength Index (RSI) is hovering above 50, indicating that the market is neither overbought nor oversold. This neutral RSI reading implies that there's still room for the price to rise before a potential correction. Looking Ahead: A Promising Future for AVAX The current price rally for AVAX is a positive development, with technical indicators suggesting a potential breakout above the $30 resistance level. If achieved, this breakout could lead to further gains. However, investors should exercise caution and be aware of the crucial support zones at $29.35 and $28.65. Monitoring the MACD and RSI indicators can also provide valuable insights into the ongoing price trend. Overall, the outlook for AVAX appears promising, and a break above $30 would be a significant bullish signal for the cryptocurrency. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
Long
by bryandowningqln
Market Analysis: Bitcoin and AVAX📅 Today's market conditions aren't significantly different from yesterday. Given that it's Sunday, it's essential to minimize risk and avoid unnecessary positions. I'll start with a Bitcoin analysis and then move on to AVAX. 👑 Bitcoin Analysis 🔍 In the 1-hour timeframe, as I mentioned yesterday, there was a potential reaction at 60718, which occurred around 60739. Following this, the price moved upward with strong momentum, forming two powerful bullish candles. However, volume has started to decrease, indicating that the bullish momentum has temporarily subsided. We need to wait for a confirmation to see momentum re-enter the market. 📈 For a long position, I still wait for a break of 62168, which coincides with the 0.618 Fibonacci retracement level. If this level breaks, the price could move up to 63583. If the RSI stabilizes above 70, we could consider entering a long position earlier. 📉 For a short position, our trigger has shifted slightly to 60739, considering the market's reaction to this level yesterday. This could be a good short trigger with a target of 59323. However, volume needs to increase in the market, so it might be better to wait until the new week starts. ⛓ AVAX Analysis 🗂 The AVAX project operates on its blockchain, where AVAX is the primary coin used for transactions, fees, staking, and DeFi applications. 🔍 In the 4-hour timeframe, after a decline, the chart hit the support level at 23.84 and started to correct, now moving upward in the Low Wave Cycle. However, the decreasing volume favors a bearish trend continuation. We can expect the downtrend to continue if the price stabilizes below the 23.84 support. 📈 For a long position, you can enter upon breaking 28.59, but keep in mind that the volume is low, and you're trading against the main trend. The target for this position could be 30.88. If the RSI enters the overbought territory, it can provide confirmation to keep the position open. 📉 For a short position, you can enter upon breaking 27.69, though this trigger is quite risky. The main short trigger is at 23.84; breaking this level allows entering a short position. A break of 50 on the RSI can provide a suitable confirmation for bearish momentum entering the market. 📝Both Bitcoin and AVAX are at critical points. Bitcoin's low weekend volume suggests caution, while AVAX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
The Possible Bullish Trend for AVAX!BINANCE:AVAXUSDT is about to break out of the s/r zone on weekly timeframe. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
AVALANCHE/AVAXUSDT REDISTRIBUTEWe might think were super bullish, as a trader Im following my own ideology on charts not on hyping or whatever other people say about a coin. they dont even know what they are doing. Im expecting higher price on CRYPTOCAP:AVAX @55-60$ per coin. Not shorting unless we have confirmation, other people automatically trade without knowing it. how come you know the trade is valid if price or current momentum has no confirmation. Trade at your own risk. Im not here to make a execution of your own trade, own it or trade it. Leverage thing is a dangerous on your account. Not biasing the short but selling my spot at that current level.
BINANCE:AVAXUSDLong
by D1GITALTRADES