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AVAX / Bitcoin

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AVAXBTC trade ideas

AVALANCHE potencial breaking out the downtrend. Short-term|| Avalanche is one of the latest projects listed on the Binance stock exchange. It is a relatively short graph that we can watch for less than 2 months. It is a project that works, among other things, to create a platform for applications of Decentralized Finance, financial assets, trading and others. 👌🏻I like that the structure behaves traditionally, as after listing on the stock exchange and after the initial hypepump, there was a gradual correction, which had a natural course with retracement and maintained accelerated down-trend. In the graph I follow a large bullish AB = CD pattern, the structure of which is nice except for a few negligible wicks. It is also possible to see a multiple reflection from the PRZ, around which a consolidation structure has formed. 👍🏻I do not primarily focus on the setup resulting from the pattern, but rather it indicates to me the potential end of the downtrend and the possible finding of a market price. I like the breakout of the accelerated down-trend, which occurred a few hours ago. The volume is not ideal yet, but the last 4H has increased. Daily MACD + Histogram in the predominance of bulls. RSI at the bottom of the neutral zone after rebounding from the oversold zone after bullish divergences. We primarily monitor Targets after the primary downward trend. The chart offers a decent RRR.
Long
by Tradify_Seb
AVAX/BTC (Support Breakdown, Target Swing Low?)💎Technical Analysis Summary💎 BINANCE: AVAXBTC -AVAX broke to the downside after breaking below its key support -The price fell down by -7% from the previous support area -This is bearish in terms of price action -Since there is no strong support during its small rally -The next key potential area is around 31000s sat A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
4
AVAX/BTC (Testing Key Resistance Area)💎Technical Analysis Summary💎 BINANCE: AVAXBTC -AVAX found support at 30k sat area -The price bounced up by 17% increased -Currently, it is testing key resistance zone -If unable to break higher, it will likely to retest previous support -Might be a potential Sell area for scalpers -Must zoom in on lower time frames to look for a sell signal -And plan your trade accordingly A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
AVAX/BTC (Wait for Breakout Direction)💎Technical Analysis Summary💎 BINANCE: AVAXBTC -AVAX is trading at a crucial area of support -If the Bulls wants to keep the trade alive -The 40k sat area must hold & break the resistance line -For me, I'll wait for the market to decide -Rather than guessing the price direction `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
12