AVAX -50%It is about reading the price pattern and the result of the indicators.
Many other crypto analyzes favor more downside.
MD
AVAXUSD.P trade ideas
BITCOIN Is this my first one I'm not sure Here in this video, we take a look at the monthly, The Weekly, accidentally the 1 hour, and The Daily, any way here is my analysis of the chart. You can go back on your own in your own chart and look at it and see if you see something different if you do let me know. Monthly and Weekly, we see a cup and handle forming. On a Daily a Bearish Rising Wedge. As you can see where this goes is depending on how tomorrow goes, If Kamala wins everyone is selling because they are going to have to pay the taxes that she will raise, If Trump wins everyone is Buying cause of the Taxes that he is going to cut
Long AVAXTraders,
Though the indicator is weak having not received full confirmation at the time of this post, I have chosen to go long AVAX once again. AVAX is one of my favorite alts and from the chart we can see that we have several good support underneath us.
First, there is that ascending trendline. Secondly, we have that VRVP PoC. And the third indicator is not seen on this chart. We have many coins flipping green today. Visit my weekly update for more on what I am seeing on a macro scale. I posted this update yesterday.
Again traders, keep in mind I am earlier in entry than I normally feel comfortable with on this trade. I really would like to see a strong cross of the MA on the RSI chart. Thus, entry risk is a bit higher. Trade accordingly.
AVAX USD BULLISHAVAX USD bullish flag forming on the Weekly Candle. I believe the price action can move to the $50-$60 range which would be around an 80% retracement from the current price. The most recent drop in price from $32 to the low $25 I believe was a good spot to get in or dollar cost average your buy in. Picked up another 2 shares for a total of 8, going long on this trade
This is my first TV post! lets see what happens!
AVAXUSD Bottom formed & going for the ultimate bullish breakout.Avalanche (AVAXUSD) has just touched this week the top of the 6-month Channel Down. In cyclical terms, this is just a big Bull Flag half-way through the Bull Cycle, similar to those of the previous one, in August - November 2020 and March - June 2021.
The Cycle's 2nd bottom is in being doubt as the RSI held and rebounded on the 40.00 Symmetrical Support, which held and kick started the post June 2021 bottom rally. The only confirmation left to give us is to break above the 1W MA50 (blue trend-line) for the first time since late July.
As you can see both of 2020 - 2021 Bull Flags rebounded aggressively reaching the 2.0 Fibonacci extension. As a result once the 1W MA50 breaks, we expect a similar rally on AVAX, whether more aggressive like 2020 or marginally less like 2021, but our Target is at $250.00 (Fib 2.0 and above the All Time High).
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Buy AvalancheAvalanche has come down a lot over the past few months, but will look to make some moves in Q4 of 2024.
Avalanche: Knock, Knock...AVAX was able to gain further ground within our turquoise Zone (between $17.48 and $29.30) and is currently trying to break through the resistance at $28. As soon as the coin manages to establish itself above this level, this should provide further upward momentum. We then expect the remaining sub-waves of the blue wave (iii) to produce a decisive increase. Consequently, long positions can still be opened within our Zone, with stops placed around 1% below its lower edge or at the support level of $17.44. Should the price slip below the $17.44 level (33% likely), we will still have to locate it in the turquoise-colored wave alt.2.
AVAX update ; alpha formation AVAX update ; alpha formation
the big bulls option. packing.
i like the way avax moves once it gets going. perfect to dump on one of its vertical spam pumped runs.
this could def be a trap. but im long and strong.
hold me
Avalanche - [AVAXUSDTrend Analysis
Long-Term Trend: The chart shows that AVAXUSD was in a downtrend from March to June 2024, characterized by lower highs and lower lows. The downtrend appears to have slowed down, with price consolidating and showing some bullish activity in mid-July to mid-August, but the recent candles suggest a continuation of bearish pressure.
Short-Term Trend: The short-term trend has turned slightly bearish again after a small rally in mid-August. The price has fallen from around $27 to around $23.
Bollinger Bands Analysis
Upper Band: The price touched the upper Bollinger Band in mid-August but has since pulled back.
Lower Band: The price is currently moving towards the lower Bollinger Band, indicating potential support around this level. However, it hasn’t reached the band yet, suggesting that there could still be some downside.
Band Width: The bands are relatively wide, indicating high volatility in the market.
Volume Analysis
Volume: There has been an increase in volume during the recent sell-off, which suggests that the bearish momentum might continue. The higher volume on red candles compared to green candles also confirms the bearish pressure.
Support and Resistance Levels
Immediate Resistance: The recent high around $27 acts as a strong resistance level.
Immediate Support: The recent low around $17.28 is a key support level. If the price breaks below the lower Bollinger Band, it could test this level.
Mid-Level Support: Around $20, the psychological level, could also offer some support.
Summary
Bearish Outlook: The overall sentiment based on this chart is bearish. The price is below the 20-day moving average and is heading towards the lower Bollinger Band, with increasing volume during the down days.
Next Steps: Watch for a break of the lower Bollinger Band for a potential further drop. Alternatively, a reversal and close above the 20-day moving average could signal a potential change in trend.
AVAX ABCThe analysis result from avax coin and other coins is the same.
not impossible about -50%
bitcoin is an uncertain price pattern and when it falls, everyone falls.
AVAX $300+ This Bull RunBuckle up ladies and gentlemen, we are at the part of the cycle where we are nearing the end of the consolidation period and are getting ready to catapult, BTC at any moment will break 62k and when 70k is broken the true alt season run will occur. Avax is putting out a lot of amazing things and doing on chain collabs for example the California DMV is building their titles on AVAX which is actually insane making real life utility. $300 is a good base target but we can easily push 4-500$
Avalanche: Recovery!AVAX recovered last week and rallied within our turquoise Target Zone (between $17.48 and $29.30). We now expect the price to be carried out of the Zone by the turquoise wave 3 and above the resistance at $41.78. However, we still have to keep our alternative scenario (40% likely) in mind. This option calls for a lower low of the turquoise wave alt.2 below the range.
Avax 20.50 is key Risk of 50% correction stillNot financial advice
20.50 is key to have on 3 day closes here or we still run the risk of another 50% downside from here.
Falling wedge pattern.
So you have a few options.
Buy on breakout of falling wedge and cluster around 24-27 range.
2. Buy now and play long game 1 yr plus to see once we recover to retest these local highs.
Option 3
Wait and watch and buy the breakout at higher prices.
I've highlighted 10-14 as target zone if we lose 20.50 range on 3 day closes.
No support under 20 in all reality
Avanalance (AVAX) Short Term Analysis🔷 Near-term resistance @ $22.13
🔷 Major resistance between $24.50 - $26.50 (contains the 50% Fib retrace, Kijun-Sen, and bottom of the Cloud).
🔷 Above $31 = moon for #Avalanche
AVAX - finally going to make a big move??AVAX - finally going to make a big move??
This ones interesting
1. usually it moves out of phase a bit, after the other popular L1's from last cycle. so its good for rotation if one of the others moves hard first.
2. remember that lawyer vid from last cycle; these guys strike me as massive cheeseball scammy mofos ;; but then in crypto who isn't ??
I've decided to play JOE, and its my only AVAX chain play.
Also the chart is not as clear cut as some of the other big ones; eth, btc, sol etc
Looks like there is a chance we are bearish here... but im pretty confident this cycle is not done so early. but always remain vigilant and able to move like water. that is what will save your portfolio.
\
gl
Avax Bear -50%It is about reading the price pattern and the result of the indicators
I will only share with you what the result of the analysis shows.
This could be wrong. MD
AVAX - Diamond bottom on the 4hAVAX is forming a diamond bottom on the 4h and a bull flag can also be considered.
Breakout from 26.30 and moving above the 200 EMA at 28 will solidify this
AVAX/USDT - Long Idea
Dear Traders,
this is the idea i would like to post with you , I can see the potential buying opportunity in this crypto pair but consider this as a long term investment not as a day trading, the more you hold the more you get and prefer buying that in SPOT market so the risk will be less.
THIS IS ONLY MY ANALYSIS "TRADE AT YOUR OWN RISK"
AVAX's run may take a breather⬨ I'm anticipating it consolidating between $31 and $33
⬨ The Composite Index and Detrended Price Oscillator are both at their respective historical resistance levels
AVAX- morning star candle patternAVAX- morning star candle pattern
-Reversal signals.
-Inversed HnS forming pattern at the bottom.
-Key level support.
-Demand zone support.
AVAX - Legendary W Breakout about to happen?Hello guys,
Avax looks like it might have finally formed one of its legendary W Patterns that always pave the wave for an insane breakout.
Not given but possible we have the bottom in and trend up without really pulling back from here.
AM long lOl
Cheers, Mo;
