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AVAXUSDT

AVAX- Remains PromisingAmidst Avalanche’s once-promising ascent, most holders now clutch a bearish reality. Over 90% face losses while development thrives and trading volume wanes, painting a complex landscape. Avalanche showed great promise during its initial stages, attracting motivated buyers to purchase and retain it. Nevertheless, recent data revealed that most of these buyers and holders were holding their bags at a loss. As per CoinMarketCap, Avalanche had a circulating supply exceeding 344 million tokens at press time, with a total supply surpassing 400 million tokens. However, insights from Into The Block highlighted that more than 90% AVAX holders were experiencing losses at the time of publication. Specifically, the data pointed out that approximately 99.45% of holders, accounting for around 5.45 million addresses, found themselves out of the money, indicative of holding at a loss. WHY LONG: Despite the downward trend in trading volume, the development activity on the Avalanche network has been consistently robust. This suggested that the platform’s team was actively at work. Loyal Community: And while these holders may have hoped for respite, that has not been the case. To make matters worse, IntoTheBlock data showed that 99.5% of AVAX holders were now holding the token at a loss. The Chart: On support and looking Bullish to me. Long on AVAX again and remember to take profits at 14,5 One Love, The FXPROFESSOR
Long
by FX_Professor
7
AVAX/USDT Best time to buy AVAX for a Long-term ?? Hello Paradisers, here's a gem to monitor closely! 💎 AVAX is consistently revisiting a strong demand zone, marking its fifth attempt. 💎Typically, with repeated tests, demand areas tend to weaken. 💎This suggests AVAX might pierce through this strong demand zone, aiming for fresh daily demand. Once there, expect a significant bounce-back, potentially indicating a liquidity sweep. 💎Additionally, on August 26th, AVAX is set to unlock a whopping 9.54 million tokens. This could exert downward pressure on the price. Stay alert
by MyCryptoParadise_Nathan
AVAX/USDT downward momentum? 👀 Avax Today Analysis It appears to be on the brink of a captivating shift, showing signs of waning momentum and a potential downward trajectory.👀 💎 After its initial touch on the OB, AVAX experienced a robust rejection. However, the subsequent 2nd and 3rd touches seemed less forceful. What's the implication? It suggests a depletion of liquidity, hinting at a possible move to address the Bullish Order Block, leaning towards a downward continuation. 💎 Alternatively, there's a chance that the price might bounce back from the previous order block, setting its course upwards. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Short
by MyCryptoParadise_Simon
2
AVAX is Preparing For a Long Bullish Rally 💎 AVAX is charting an optimistic path, securely nestled within a demand zone, and gearing up for an upward surge. 💎 Not long ago, it skillfully interacted with the Order Block, captured liquidity, established equal lows, and ignited a bullish momentum. 💎 At this crossroads, AVAX might either revisit the DZ level or aim higher, starting from the previous OB point. 💎 If AVAX fail to capitalize on its bullish energy from the last engaged OB level, brace for a potential drop of around -12.34%. 💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.
Long
by MyCryptoParadise_Nathan
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