Avaxusdtbuy
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 17.00
Entry price 19.00
First target 21.22
Second target 23.16
Third target 25.66
AVAX → Avalanche Falls to $22! Heading Back to $50?Since my May 18th update, AVAX has fallen into a pullback, as expected. We found resistance at $41.80, took half profits, and then pulled back in two strong legs. Should we be bearish or bullish on Avalanche?
How do we trade this? 🤔
As expected, AVAX found resistance at the 2021/2022 resistance area of $60.00 after three strong pushes up followed by a head and shoulders reversal pattern. That reversal pattern played out into a two-legged pullback, leaving us near Push #1 support at around $25.00. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $25.00.
I would not enter a long yet unless you're fading into your total position size. What we need now is two or three tests of the Push #1 support area between $23.00 and $25.00, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in AVAX.
A final point of data is the RSI low and below the moving average of around 42.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us.
💡 Trade Idea 💡
Long Entry: $27.00
🟥 Stop Loss: $21.33
✅ Take Profit #1: $32.70
✅ Take Profit #2: $44.00
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Three legs up into a resistance zone after a breakout
2. Head and Shoulders reversal pattern
3. Two-legged pullback to Push #1 Support
4. Wait for a double-bottom followed by a strong signal and confirmation candles
5. RSI at 42.00 and below the moving average. Supports waiting for a long entry.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
#AVAXUSD: On the way to 66.00, Buy Swing! Dear Traders,
Hope you are doing great, we have an excellent buying opportunity in form of AVAXUSD which is crypto pair with high potential, we can see price filling the imb zone and reversing from that area. Our main aim here is to wait for price to breakthrough the solid bearish trendline, and then enter when price does confirmation.
Team Setupsfx_
AVAX → Avalanche Falls to $30! Heading Back to $50?AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up?
How do we trade this? 🤔
We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. We tested the 30EMA as resistance followed by a strong bear bar closing on or near its low on April 9th. That was our confirmation to enter the short down to $27, we took profits just north of $30 where the run ended. This completed a two-legged pullback, which is a signal that the price may want to re-test $50 and beyond.
We've had several attempts to break that low since and found ourselves in a nice trading range. The longer a trading range continues, the greater the chance the price will reverse direction from the price action to the left of the range. With Bitcoin in a nice pullback and seeming to want another run for $74,000, AVAX is likely to follow toward the upside. Wait for a strong bull candle to close on or near its high at this level, then enter a 1:2 Risk/Reward trade, taking half profits at 1:1 R/R ($42.000). Move the stop loss up to the entry price and swing the latter half of the position to $49.00, just before the left resistance area.
💡 Trade Idea 💡
Long Entry: $35.00
🟥 Stop Loss: $28.00
✅ Take Profit #1: $42.00
✅ Take Profit #2: $49.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes up into a bull trend.
2. Price has made contact with a 2021 resistance area.
3. Strong sell signal pushing below the Daily 30EMA
4. Two-legged pullback from bull run, price has run sideways for an extended time, look for long entry.
5. RSI at 40.00 and on the Moving Average, supports long bias.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Buy Signal for AVAXUSDTAnalysis:
RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum.
MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias.
Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point.
Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3.
Trade Plan:
Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD.
Take Profit:
TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile.
TP2: Place the second take-profit level at the next zone of higher volume in the volume profile.
TP3: Target the third take-profit level at the subsequent zone of higher volume.
Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
AVAXUSDT: 4HR VIEW BINANCE:AVAXUSDT currently in consolidation phase, few candles show some bullish character and we expect a nice clean move from this area. Though, if price decides to remain bearish then it can fall further down where there is imbalance which price will likely to fill before it touches the 55.00 region.
What do you think about this pair, do you think it will create a new record?
AVAXUSDT at daily support and likely to bounceThe price is trading at daily support DS1. Very close to it is daily support DS2. The price may bounce from here from DS1 or may also go to DS2 and bounce from there. However, a long is favorable from DS1/DS2 towards daily resistance DR1 around 13.5 area.
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.
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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AVAXUSDT - Head and Shoulders PatternAVAXUSDT (4h Chart) Technical analysis
AVAXUSDT (4h Chart) Currently trading at $13.1
Buy level: Above $13
Stop loss: Below $11.9
TP1: $13.8
TP2: $15.5
TP3: $17.8
TP4: $20
Max Leverage 3x
Always keep Stop loss
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AVAX - Ready for Triangle Breakout!!AVAXUSDT(4h Chart) Technical analysis
AVAXUSDT(4h Chart) Currently trading at $19.75
Buy level: Buy after Breakout
Stop loss: Below $16.50
Target 1: $22
Target 2: $26
Target 3: $29
Target 4: $33
Target 5: $50
Max Leverage 3x
Always keep Stop loss
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