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Avaxusdtshort

AVAX → Avalanche Reached Resistance! Reverse to $25? or $75?AVAX has met a major 2021 lifetime resistance area and rendered a strong sell signal in response. Is this the time to short? How do we trade this?  🤔 We have three pushes up in a bull trend; the third push has made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. What we need now is a test of the 30EMA as resistance followed by a strong bear bar closing on or near its low. This will be our confirmation bar and our queue to enter a short. Take half profits at 1:1 Risk/Reward then move the stop loss up to the entry price to secure profits. Swing the latter half of the position to 1:3 Risk/Reward just above the previous major support, or until a reversal pattern appears. 💡 Trade Idea 💡 Short Entry: $46.50 🟥 Stop Loss: $53.00 ✅ Take Profit #1: $39.85 ✅ Take Profit #2: $27.00 ⚖️ Risk/Reward Ratio: 1:3 🔑 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. Wait for confirmation candle just below the Daily 30EMA to enter a short. 5. RSI at 48.00 and below the Moving Average, supports short 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
Short
by TraderEngineering
5
AVAX → Avalanche About to Reverse!? Or Continue to the Upside?Avalanche has been roaring through a nice curving bull channel until the top of the third push at $42.75! A nice sell signal formed on yesterdays daily candle, now we need to see how today closes to make our next move. How do we trade this? 🤔 Avalanche had its third push up in the bull channel, a typical number of legs before the trend changes into a trading range or reverses. Given Bitcoins recent sell-off at a key resistance level, I believe it will drag AVAX down with it. AVAX has a sell signal on yesterdays candle and if today closes with a strong bear candle, we're likely looking at putting in some more lows. The RSI is also over 75.00 and below the moving average, all supporting at least a short-term bearish sentiment. We need follow-through! Yesterdays signal is not enough justification to enter a short. It's best to wait for the price to fall to the 30EMA and see what happens there. If we get a bounce then another rejection to the downside, we'll have a head and shoulders reversal pattern on our hands at which time, a short will be justified. 💡 Trade Idea 💡 Short Entry: $26.00 🟥 Stop Loss: $32.00 ✅ Take Profit: $14.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Three Pushes up in Trend with Sell signal, Signal to Change Trend. 3. Gap to Second Push Support Line. 4. RSI at 75.00 and below Moving Average, Bias to Short 5. Wait for Short Confirmation at potential Right Shoulder. ⚠️ 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 comment if you found this analysis useful!
Short
by TraderEngineering
4,72 AVAX good support areaOn HTF, a descending wedge can be observed. We have not reached the lower lines of the wedge yet, and I also do not see oversold conditions according to the RSI. I expect a bounce on smaller timeframes, followed by a subsequent price drop. There is a higher probability that we will soon see a price of $4.72 per coin. It may even go lower if support breaks. Considering the situation in the cryptocurrency market, I would consider long-term purchases. However, if we see the return of the price to $13.74 from the current levels, and depending on the situation with Bitcoin, Dominance etc, I will consider going long until the upper level of the wedge at $17.61 Where I will see whether to continue holding the long position or to look for a short entry. Personally, I expect a continuation of the dump.
Short
by vazitrades
2
AVAX looks INTERESTING!KUCOIN:AVAXUSDT AVAX is approaching an interesting level for a possible long providing a potential of about 40% upside gains. However, since Bitcoin is sitting in a huge Head & Shoulders pattern, we must let our edge develop on lower time frames 4h to look at entry triggers. Should the Head & Shoulders activate, potential downside target to possible pullback zone is an idea. Future markets open in about 3h 20m Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
by imr4nkh8n
AVAXUSDT Elliott Waves Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (midterm expectations) Correction already started or will be one more upward movement in ~23$ zone. Entry: market and higher Targets: 16.5 and 15.6 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Short
by trytofeelpositive
5
AVAX USDT SHORT futures ideaTook a small % AVAX USDT short futures trade. It's a risky trade because Bitcoin might pump suddenly so mind the leverage and risk % when you want to follow the idea. And SL to the entry after TP1 hit ! Manage your risk! Good Luck! When you like what we do give us Boost and comment! And follow us in different socials: womenincrypto48 Join the Revolution! Women in Crypto - WiC48 May you have more profit than you could ever wish for !
Short
by WomeninCrypto48-WiC48
AVAX/USDT : How to trade AVAX BINANCE:AVAXUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! Currently it's not a good idea to swing trade $AVAX. - Day-Traders and Scalpers can have their taste on the lower time-frames... I'll be looking for the positions on both side if we get the confirmation on them ! - I'll take my Long once $AVAX reaches above $105 and aiming for $117 - $130 - I'll take my Short once $AVAX reached below the trendline ( Better to be below $88 ) and aiming for $77 - $67 🔴 Be aware of $BTC's movement; I'm still looking for the rejection on $51K's level. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
8