Avaxusdtlong
AVAXUSDT Technical AnalysisAVAXUSDT has been in an upternd recently and has got a few rejections from the Support line. We also have a series of Green candles which show the power of the Bulls .I think It's on going to continue up to the upper band of the channel around 24.32.
SL @ 11.6 (42% Loss)
TP1 @ 24.32 (19% Profit)
TP2 @ 32.55 (60% Profit)
TP3 @ 53.87 (165% Profit)
AVAXUSD BUY/LONG NOW READ 19.00 - 70.00TICKER CODE: AVAXUSDT
Company Name: AVA Labs
Industry: CryptoCurrency - Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge (Completed and Retraced)
2. Fibonacci Retracement to reach 0.786 ( Silver Zone)
3. Area of Confluence with 1 Trendline, Horizontal Support and EMA 200
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range
Buy Entry: NOW ACTIVE (19.00) - Still able to enter but NOT at an optimal price and the market
may still test lower before the rise.
1st Partial Take Profit: 70.00 (End June - Early August 2021) - Note that I would consider Full Take Profit Here
2nd Partial Take Profit: 100.00 (End 2021)
Stop Loss: 12.00
AVAXUSDT Good BUY!AVAXUSDT(1H CHART) Technical Analysis Update
Resistance Breakout
AVAX/USDT currently trading at $40.80
Buy-level: $39.80 - $40.90
Stop loss: Below $38.10
Target 1: $41.80
Target 2: $43.70
Target 3: $44.50
Target 4: $48.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Possible Adam-Eve formation, 35-45% ProfitHi Traders,
There is a possible Adam-Eve formation forming in 4 hour candle period. The reason I believe this formation may work is
1- The breakout volume is huge
2- It has been accumilating at that area for almost two months.
3- The right side of triange has an increasing volume, which shows that the buyers are so insistent on the idea of that AVAX will go up.
The target area 53-57$. It is up to you to TP 50% and wait for the previous peak which is 60$.
If there is any candle close in or below the grey rectangle, stop loss.
Finally, before taking a position, I strongly suggest you to observe BTC and the market cap of DOGE.
Glad to hear any comments, ideas and critics ^^.
$AVAX Breakout?$AVAX, Avalanche is a very good project but they had some difficulties such as the Turkish Central Bank news pump and technical problem dump.
The market should forget these dumps, we have seen that on XVG even if they have hacked...
In long term, I still have a position, we see a potential breakout soon, our first target should be ATH.
Pros: Projects like pancake are pumping, avax that features too! Good correction rate...
Cons: Technical problem might scare people but we can beat that by fomo.
Not financial advice
[48%] AVAX/USDTAvalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.
Developers at Ava Labs claim that Avalanche is the first smart contracts network to offer transaction finalization in under one second as standard.
Avalanche launched its mainnet in September 2020. The platform’s native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.