AVAXUSDTPERP
Wait for the right moment to bag some AVAX AVAX is another coin that presents a very good opportunity in the near future.
In the higher Time Frame (D1), we saw that there was a beautiful retrace on the 61.8% which is referred by some experts as the Golden Ration. So from that we highly expert a to the upside.
If price comes to that area and we fond some rejection to the upside or a bullish pattern , then we can buy and target a 40 - 50% of profit on the trade.
AVAXUSDT , The price should have some pullbackHi guys
Did you take the profit of last week that we published ? or Not ?
Today we have analysis another amazing layer 2 blockchain coin
In last days AVAX is moving powerful toward new target and made new ATH because of the fundamental and news that published , at this time in technical view we need pullback for the price to be attractive for the investor and trader to be in buy position and buy some money of portfolio to AVAX .
We shown on chart a buy zone area and here we have nice R/r but this is market and anytime can happen anything we should be conscious about the market and the movement of trader .
BECAREFUL GUYS , MAYBE MARKET WILL STOP HUNTERING THE POSITION
Dont forget to attention to money management
Good Luck
Abtin
Avalanche Crash to $35-40 inevitable?Ignore the scale, as I simply dragged the respective price trends of Bitcoin and Avalanche into an empty field of the chart for a better visual representation.
For Bitcoin, this is the distribution pattern from February to mid-May this year. To the right of that, we see the price history of the AVAX token from September to today. The Bitcoin price trend here only serves to illustrate the consequence of a collapsing uptrend.
As can be clearly seen, the strength of the uptrend is steadily decreasing over time. This can be seen from the fact that the intervals between the new high and the previous high are getting smaller and smaller.
This can be explained by the fact that it is becoming increasingly difficult to find enough new aggressive buyers who can maintain the previous pace of the uptrend.
The upward movement is about to collapse. The latest warning signal of this is in a lower high, after an already noticeably sharp countermovement formed in the wake of the previous high. This movement is also known as the Dead Cat Bounce.
Should Avalanche see a relatively similar correction to the one seen in Bitcoin back in the day, a return to $35-40 would be the favored scenario here.
AVAXUSDT Resistance Breakout!AVAXUSDT (1h Chart) Technical analysis
AVAX/USDT(1h Chart) Currently trading at $3060
Buy level : Above $66.3
Stop loss: Below $60.4
TP1: $69
TP2: $74
TP3: $77
TP4: $82
Max Leverage 3x
Always keep Stop loss
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Avax updateAfter hit first target and creating inverted head and shoulders,
There was a pullback and again bounce back from 66-68 levels
But I think at current cmp (70-72) level it won't go directly to our second target 🎯
I assume a sideways for next few hours, halting near to 72 level it can create a buildup to push the price further towards 82
Is AVAX another SOL in the works? L1 solutions saw crazy gains this week despite the rest of the markets taking a dump. We picked out AVAX as a potential contender to SOL and LUNA and a similar move could happen for this pair.
BULL CASE
It looks ready to move up from here. Our price target for this pair is around the 230 level
BEAR CASE
If price takes farther dump, we see $20 as a strong area of support.
AVAXUSDT (12h Chart) - Flag PatternAVAXUSDT (12h Chart) Technical analysis
AVAX/USDT (12h Chart) Currently trading at $47.60
Buy level : Above $49 (BUY AFTER BREAKOUT)
Stop loss: Below $37
TP1: $59
TP2: $73
TP3: $90
TP4: $109
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.