Avaxusdtlong
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.
AVAX to $40 next hours .. Don't miss it !!✅ Buy: 32.0 - 33.50 ✅
🎯TARGETS:
1- $40.05
2- $53.75
leverage up to 5x
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $24
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