AVAXUSDT - Quick chart Idea - Possible breakout to the upsideHi to all TV people, this is a quick chart idea. By looking it looks bullish.
I would trade only after a retest of this possible breakout. First need to break through resistance.
Upside target could fail only on a breakout on downside of this triangle.
Trade is a matter of probability, but it's safer to trade reacting on a price action not trying to anticipate patterns.
This is my idea, not financial advice. Always DYOR.
ShadowPlayer.
AVAXUSDT
Avax Target - Good short entryAVAX analysis - Elliott Wave Perspective
After an impulsive uptrend, Avax seems to be losing momentum and consolidating. Now that it has reached its highest points, it may be time for a wave of downward movement.
According to the Elliott Wave perspective, AVAX is currently in the final wave of an impulse wave. This means that we will soon see a correction, but there will still be one last upward move. I am personally taking a short position between $28.00 and $28.50 for the following reasons:
- 1 to 1 extension of wave 1
- 1.618 extension (expanded flat)
- Bearish divergence (RSI)
- Correlation Main count BTCUSD (Related ideas)
It is important to note that the Elliott Wave perspective is based on historical price movements and patterns, and future price action can never be predicted with absolute certainty. Markets can be volatile and unpredictable, so it is always wise to trade cautiously and manage your risks.
Remember, financial markets are inherently volatile, and investing is always a personal choice. It is crucial to conduct thorough research, carefully assess your risk tolerance, and form your own judgment before making any trading decisions.
AVAX moon waning or waxing? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
WXY posted caught the pivot dece! 🧵
Here is my ideal path for the bulls IF it stays above
25.
Then 30?
#AVAX/USDT 4h (ByBit) Ascending trendline breakdownAvalanche lost 50MA support and seems to be heading towards 200MA.
⚡️⚡️ #AVAX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.7X)
Amount: 4.9%
Current Price:
20.800
Entry Targets:
1) 21.465
Take-Profit Targets:
1) 15.010
Stop Targets:
1) 24.700
Published By: @Zblaba
CRYPTOCAP:AVAX BYBIT:AVAXUSDT.P #Avalanche avax.network
Risk/Reward= 1:2.0
Expected Profit= +81.2%
Possible Loss= -40.7%
Estimated Gaintime= 5-10 days
AVAX/USDT Bullish Prospects A Closer Look? 👀 🚀Avalanche💎 Paradisers, let's delve into the intriguing dynamics of AVAXUSDT. The recent shift from supply to demand zones indicates a strong likelihood of a bullish trend.
💎 Reflecting on its historical pattern, AVAXUSDT has consistently overcome its descending channel, leading to upward movements. Currently, with the transformation of supply into demand, there's a heightened chance of embarking on a bullish journey from this newfound demand level. The primary expectation is a breakthrough of the formidable resistance at 21.93, followed by a move to counteract the bearish Order Block (OB).
💎 On the flip side, if AVALANCHE struggles to maintain its upward momentum, a bullish strategy from the demand level of 15.19 may come into play. At this juncture, while some newcomers might resort to panic selling, the key is to wait for a definitive break below this demand level before making calculated trading decisions.
AVAX: Resistance BreakoutAvalanche (AVAX) technical analysis:
Trade setup : Bullish break above $25 signals continuation of uptrend with upside potential to $30 near-term. Stop loss at $24. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $22.0 (previous resistance), then $18.3. The nearest Resistance Zone is $25.0, which it broke, then $30.0.
Bull-channel (AVAX)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are in bull-channel so our position on buy and high channel level for next target.
📊 (Buy) : 22
🔴 Stop Loss : 21.11
🎯 Take Profit : 22.77 - 23.66 - 24.33
🔗 For more communication with us, send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis:
Trade setup : Bullish break above $22.00 signals continuation of uptrend with upside potential to $26.00 near-term. Stop loss at $19.50, prior swing low. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis:
Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to either
1) break above $22.00 to signal continuation of uptrend, or
2) pull back near $18.30 support for a swing entry in Uptrend with upside potential back to $26.00. Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (50%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases.
Interested in another altcoin that's trading under it's first ATH? Check out Litecoin :
Remember to hit 👍 and follow if you love money !
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
AVAX ANALYSIS🔮 #AVAX Analysis 🚀🚀
💲💲 #AVAX was trading in a Descending Broadening Wedge Pattern, gives a perfect breakout and trying to retests the levels. If the price of #AVAX closes above $22 then we will see a bullish move and also the price of #BTC must stable. 📈📈
💸Current Price -- $21.16
📈Target Price -- $39.23
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#AVAX #Cryptocurrency #Breakout #DYOR
AVAXUSDT Descending Channel Breakout!AVAXUSDT Technical Analysis Update
AVAXUSDT formed a descending channel pattern, and the price has already broken through the channel resistance with high volume. We can expect a good upward move in AVAX.
Buy zone : Below $16.90
Stop loss : $14.85
Always Keep Stop LOss
Thanks
Hexa
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis:
Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to find support for a swing trade entry in Uptrend. How far could it pull back? Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (50%). We believe that $16.00-$16.70 looks like a more robust support area.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
AVAX Elliott wave counts.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
AVAX 1H update.
In at 22.624.
Got close to my stop but kept me in.
Want to see how the next 12hrs print to see where its at.
But this is what I am looking for.
A bit of Elliottwave and SMC in there.
Gave a 2nd Algo entry as well.
Altcoin
$AVAX Update - Strong Support Zone - Potential for breakdownA few updated price levels on AVAX, Incredible asset but has the potential for a breakdown below current levels, if it maintains (Which I think it will), we should see a rise to the outlined $28 region.
Refer to my previous CRYPTOCAP:AVAX post for more information.
🔥 AVAX 1H Triangle Formation - Short Then Long🔥 AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! 🚀
Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. 📈
✨ Brief Short Opportunity:
On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position.
📉 Entry Point: $22.0
🎯 Target: $18.3
🛑 Stop-Loss: $24.7
✨ Subsequent Long Opportunity:
Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above .
📈 Entry Point: $18.3
🎯 Target: At least $30
🛑 Stop-Loss: $16.5
🔍 Conclusion:
This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.