AVAXUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
We got decreasing that i expected earlier, now i want to see continuation of growth.
Entry: market and lower
Target: 25 - 28 - ~31
Main target zone: 29-35
after first target reached move ur stop to breakeven
Stop: agressive 13.8, conservative ~11 (depending of ur risk). ALWAYS follow ur RM.
Risk/Reward: 1 to 3
risk is justified
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AVAXUSDT
Avax | Getting Ready For Breakout Avax has been trading in the same area for a long time, this time I think it can breakout with high volume ,in case of breakout, Avax will grab the upper side liq.expecting 50-80% bullish Move
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AVAX ♛♘♚ - PROMISING AGAIN🗸🍊First the chart:
Support seems solid at 16.5$ and that is important for a trader.
If Powell doesn't spook the markets today with a big rate hike or a hawkish scary statement we could see AVAX rising to 23$ fast.
Overall, Bullish on AVAX with 56$ being my target.
CHESS MOVE ♛♘♚:
Chess is being played by some of the cleverest people on earth.
So i guess they make a good move with this:
Web3- International Chess Federation Checks Into Web3 With Avalanche Integration
The global chess authority is looking to onboard the game’s 500 million players into Web3 with the new partnership.
One Love,
♖ The FXPROFESSOR ♖
To get out of the bottom section... (19.73 important)Hello?
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(AVAXBTC 1W Chart)
The question is whether it can break out of the downtrend line by rising above 0.0007352.
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(AVAXUSDT chart)
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(AVAXUSDT 1W Chart)
If the price is maintained above HA-High, it is highly likely to continue its mid- to long-term upward trend.
Therefore, the key is whether it can rise above 19.73 and be supported.
If not, you should check if it is supported around the HA-Low indicator.
(1D chart)
The key is whether it can be supported around 17.15 and rise above 19.72.
If it fails, you should check for support around 14.99.
The 17.15 point is the HA-High indicator point on the 1W chart, so if the price is maintained above this point, it is highly likely to continue the mid- to long-term upward trend.
However, it needs to rise above 19.73 to continue the upward trend.
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** 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.
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AVAXUSDT| Wave Projection| Potential Ending Diagonal 5-WaveTFD Wave Analysis / Projection - 5 wave ending diagonal pattern? Normally the opposite of previous wave if wave 1 was ABC uptrend, the correction could be 5 wave down
> A potential 5 wave pattern correction downtrend bullish scenario with 5-3-5-3-5 pattern after finishing uptrend ABC wave pattern 5-3-5
> 1-wave - 5 wave downtrend correction retraced previous ABC uptrend or major 1 wave at 0.5 fibonacci level
> 2-wave - ABC uptrend retraced 0.786, 3-wave extended 1.272 of 1-wave, and currently making 4-wave at 0.5-0.618 of 3-wave at falling channel / 50MA resistance but should not rise beyond 2-wave.
> The projected 5-wave downtrend at the target previous DOUBLE TOP pattern expected at 0.5 - 0.786 extension of 3-wave, making a false breakdown with a bullish divergence signal.
Long Entry: 200MA re-breakout zone after the bullish divergence in TFD
AVAXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for AVAXUSDT
There are R1 and R2 on the top of the chart which are resistance areas and both represent the unsuccessful triumphs of the price to rise at several points. And as you see, S1 is our long-term support area with the support of price even since the past. At the moment, we observe the fluctuation of price over S1 in a rising trend. Our expectation would include more fall for the price to reach S1 (as its past behavior). Here a double bottom pattern is formed and then via having some rising signs, the long position of the chart is activated and there would be more increase predicted for the price to reach higher amounts such as R1 and R2. R1 is a good point for saving your profits. It is so probable that the price loses the support at R1 and more decline would happen toward S1. Even by a fall below S1, more decline will be there for the price. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
AVAX 100 % gains comingWe expect that the price will get rejected at the strong resistance ($21,600 - $22).
You can short it (stop loss recommended) or be patient and wait for a price to drop into our buy zone ($10-$11). From there we expect a pump towards strong resistance again which would be over 100 % gain.
Mid-term the market remains bearish overall .
Long AVAX/USDT D1 (x2 potential)As you have noticed crypto market/altcoin market has gained a significant rise in price levels. Several alts have bounced +50-100% off the bottom. Some of them still have a decent room to grow. Avalanche (AVAX) is one of them imho.
Taking into consideration:
- legacy market conditions, FRS policy (inflation + rates)
- overall state/cycle of crypto market on W1,
we are pretty far from real bull cycle. Better call it local bull market (q1 2023 - maybe q2 2023) and a major correction to 1-year bear market of 2022. Anyway who cares if we see an opportunity to make and take (!!) some profit from it?
FA:
Firstly we need to focus only on alpha ideas/top alts/decent L-1 infra projects.
AVAX, as a L-1 infra with over 1mln wallets suits this.
TA:
- after great sell off in May 22, there was a selling pressure absorption in the middle of June, 22 (see volume in orange circle). Low on D1 was printed just below $14.
- this level was broken on November, but without further continuation
- on Jan, 11 wide-spread green candle on big volume broke up the key level of $14 and got the price back in the range. That's when we need to look for "confirmation"
- confirmation: DMA 200 was broken. Lower TF DMAs/EMAs are looking to cross DMA200
- since then the volume was building up (almost 3 weeks until now)
Entry: 50% on current price level, 50% - 17.5-18 (200DMA retest). RSI indicates we have pretty high probability of correction to 18-19 level.
Stop: DMA 200 is invalidated on D1 as a support. PoC is also sitting there...
TP1: 37 (take a look at 30 also, maybe close 20-25% to reduce risk)
TP2: 53
These are resistance levels on W1.
Don't forget we are still in higher TF bear market. So, it's very important to babysit your positions and trade them accordingly.
Better safe than sorry.
p.s. I think the overall crypto trend will go pretty quickly to catch traders and then prices will print new lows in q2-q3 2023
p.p.s. you can find your own desirable alt based on FA (like alpha, kava, ctsi..) which have similar setups and trade them.
Maybe it's a good idea to spread an amount across 2-3 diff alts. Just an opinion.
But don't go full risk on all 3-4 alts or whatever number of proper setups would be found: altcoin correlation is almost 100%
Loco and Avalanche (AVAXUSDT)Loco's launch of LegendsByLoco on #Avalanche is a significant move for both the streaming platform and the #crypto coin. Avalanche is a well-established #cryptocurrency with a growing user base, and the #partnership with #Loco will likely drive even more adoption.
The launch of #LegendsByLoco on Avalanche is a significant development for Loco, as it allows users to participate in player-owned fantasy esports. This is a unique feature that sets Loco apart from other #streaming platforms, and it could help the company continue to dominate #India's streaming market.
Furthermore, the partnership with Avalanche gives Loco access to a reliable and secure blockchain platform that can handle high transaction volumes. Avalanche's consensus mechanism is designed to support high throughput and fast confirmation times, making it an ideal choice for Loco's fantasy esports platform.
Overall, Loco's partnership with Avalanche is a smart move that could help the company maintain its position as India's largest #video #game streaming #platform. With more than 50 million users and counting, Loco is well-positioned to take advantage of the growing interest in player-owned #fantasy #esports, and its partnership with Avalanche gives it a solid foundation on which to build.
Target zone: $37,90 - $41.00