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AVAXUSDT

AVAXUSDT 1HSupport levels for AVAX/USDT are currently at 12.92 and 12.77. These represent price points where there has historically been enough buyers to reverse a downward trend. On the resistance side the levels are at 13.42 and 13.75. If the price approaches these levels, investors may want to consider selling or reducing their positions. The MACD , a trend-following indicator that shows momentum, is pointing down. This could indicate a possible downtrend or a weakening in the uptrend. The relative strength index indicates that buyers are in control at the moment, which could hint at potential upward movement in the future. Chop indicator is at 45.85. As the value is below 61.8, it could indicate that the market is trending and unconsolidated. This could be a sign of temporary volatility, which can be common on Sundays in the cryptocurrency market, so this movement may not be indicative of a longer-term trend.
by ferulianov
AVAXUSDT Sideways Trading Strategy! 📈 AVAXUSDT Sideways Trading Strategy! 📉 #AVAXUSDT #Cryptocurrency #TradingStrategy #TechnicalAnalysis #SidewaysMarket Greetings, fellow traders! 🚀 Today, I've identified an exciting trading opportunity in the AVAXUSDT cryptocurrency pair. The 1-hour chart indicates a sideways market, with no clear bearish or bullish trend. To take advantage of this situation, I have devised two trade plans using buy stop and sell stop orders, strategically placed around support and resistance levels. 📉 Trade Plan 1 - Sell Stop 📉 🎯 Entry: 12.85 🛡️ Stop Loss: 13.01 🎯 Take Profit: 12.69 In this plan, we are looking to capitalize on potential downward movement from the current sideways range. The entry point at 12.85 aligns with the sideways market theme, while the stop loss at 13.01 provides a safety net in case of a breakout to the upside. The take profit target is set at 12.69, aiming for a reasonable gain within the range. 📈 Trade Plan 2 - Buy Stop 📈 🎯 Entry: 13.75 🛡️ Stop Loss: 13.55 🎯 Take Profit: 13.95 In this plan, we are seeking to profit from potential upward movement. The entry point at 13.75 corresponds to a bullish breakout scenario, while the stop loss at 13.55 helps protect against potential downside risks. The take profit target is set at 13.95, offering a balanced reward-to-risk ratio. However, it's important to exercise caution while trading in a sideways market, as breakouts in either direction can occur unexpectedly. Always implement proper risk management strategies and avoid risking more than you can afford to lose. Good luck and happy trading! 🍀💹
by T-Q
AVAX price prepares for an upward impulse, as far as it can go?Now the AVAXUSDT price is in consolidation under a strong mirror level. Buyers are likely gaining the strength to up break out. Looking at the chart on a large timeframe, we can say that this is a difficult task. So, at the moment, we are making notes for ourselves on a rather modest potential growth in the price of Avalanche token (by the standards of the crypto market) The first target is $13.90 +8%. The second target is $14.80 + 15%. In the price range of $13.90-14.80, sales of those who bought AVAX long a few months earlier, but the growth did not work out, and the deposit was in drawdown, may increase. Usually, in such situations, the human brain thinks: "I can at least sell my coins at "break-even" and it will be good. If the Avalanche project is interesting to you, write about it in the comments, and then we will try to update our thoughts on possible price movements of AVAXUSD more often. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
26
AVAXUSDT at 4h support, likely to head towards 14The price the weekly resistance WR1 and got rejected from there. This rejection led the price to hit 4h support 4HS1. This support seems to be good one for a bounce and attempt to the weekly resistance again. Therefore, a long seems to be favorable from this level to price zone around 14. However, in case this support is lost, the daily support DS1 is another level where the price will find the support and a bounce will be favorable for the long trade towards the zone where currently 4h support 4HS1 lies.
Long
by angela_altair
AVAX/USDT bullish Scenario 🚀🔥Avax today analysis💎 AVAX is primed for an upward trajectory, as indicated by the RSI trading above 50, signaling positive momentum. 💎 Currently, it's retesting the demand zone and appears poised for an upward move. We've previously observed the demand zone transforming into a supply zone following market uncertainty. 💎 Above, there's a supply zone and a bearish order block that warrant attention. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
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 $17 seems achievable. As the market sentiment improves and buying pressure increases, AVAX could experience a notable price appreciation. Looking forward to read your opinion about it!
Long
by TopgOptions
SasanSeifi 💁‍♂️AVAX👉1D 🔻▪️ Hello everyone ✌️ As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range. According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction. In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified. ❎ (DYOR)...⚠️⚜️ What do you think about this analysis? I will be glad to know your idea 🙂✌️ IF you like my analysis please LIKE and comment 🙏✌️
Short
by SasanSeifi
1
AVAXUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for AVAXUSDT.1D After the pullback, the price started to move towards the first resistance line and is currently below it. If the price cannot establish itself above the resistance line, we can expect a corrective price movement, but if it breaks the resistance line, we can expect an increase in price to break the second resistance line. Currently, the price is not showing any particular trend and we should wait for an upward or downward movement towards the support or resistance lines. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1
BTC, ETH ☀️ Will XRP, AVAX, MATIC Face Rain? ☔️ Sunny weather with a few scattered clouds lies ahead for both Bitcoin, Ether, and many other altcoins in the next 24 hours.☀️ This means that a slightly bullish market with upside potential is likely. Some rain is likely for Ripple’s XRP, signaling a bear market with a downward trend. 🌧️ Over a one-week horizon, the trading conditions remain sunny for most cryptocurrencies. ☀️Altcoins such as XRP, Avalanche (AVAX), and Polygon (MATIC) aren't likely to benefit from this positive trend, facing clouds: a downward trend. ☁️ Follow us for more crypto weather insights!
BITSTAMP:BTCUSD
by ATTMO
AVAX on THIN ICEBankrupt exchange Voyager Digital to shut shop after failed deals, details inside According to Voyager Digital’s lawyers, the crypto lender will self-liquidate its assets after failing to reach an agreement on a sale to either FTX US or Binance.US. The announcement, shared in a court filing on 5 May, comes just ten days after Binance.US abruptly backed out of a $1 billion deal to buy Voyager Digital’s assets when the US government intervened to prohibit part of it. Prior to the agreement with Binance.US, the crypto lender made a similar offer to FTX. When FTX went bankrupt alongside Voyager in November, the first contract was cancelled. Voyager stated in a filing that a number of digital assets on the platform that cannot be removed will be liquidated and returned to its users. These assets include major cryptocurrencies such as Algorand , Celo and Avalanche . Avalanche’s latest collaboration with Chinese company Alibaba could change the game for AVAX in the cryptocurrency market. At press time, the excitement of the partnership was reflected on the AVAX charts. Avalanche managed to secure a major partnership that could make it a stronger contender in the metaverse. AVAX sees low demand despite the hype around a new partnership and supports retest. Avalanche could be about to spice things up in the metaverse thanks to a major development that might be a game-changer. The development in question is a partnership with Chinese tech giant Alibaba. According to Avalanche’s official announcement, the two secured a partnership through which Avalanche will be the conduit for Alibaba’s metaverse pursuits. The partnership will focus on Alibaba’s Cloudverse, the cloud computing segment of the Chinese company which already has millions of customers. Avalanche will provide the decentralized technology to support this metaverse endeavor. Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse One of the ways to tell if the excitement has been converted into strong demand is to evaluate on-chain volumes. AVAX on-chain volume experienced a slight upside in the last 24 hours, although likely not strong enough to support enough bullish excitement. Despite the lack of strong demand within the first 24 hours after the announcement, there was one key factor that may still support a strong bounce. AVAX’s price action had been trading within a tight range after finding support near the $16.50 price range. More importantly, the price was recently pushed into an ascending support line. The same support level may act as a bounce-off zone if AVAX can secure enough bullish demand in the next few days. Its MFI already pivoted after previously registering outflows. Weak bullish demand or a surge in sell pressure may also manifest in the market sentiment shifts in favor of the bears.
CAPITALCOM:AVAXUSDShort
by DaveBrascoFX
9
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