AVAX/USDT UPDATE SORRYW Formation available.
I've seen it as a double peak before but I was wrong
Insights shown here are for follow-up purposes only.
Not Acceptable as ANY Investment Advice
AVAXUSD.P trade ideas
$avax target remains $28-30should have stuck with this game plan as avax bounce right at our w4 completion zone.
still targeting $28-30 minimum.
only area i'm concerned about is the ? white box. rejection there would signal another wave down and likely the end of this bull run.
until then, long your longs.
avax vs eth for additional context. think avax outperforms again:
$avax longplaying this level by level. currently holding above wave 1, which is what we'd like to see for a wave 4, with wave 5 coming up.
marked this green box last week as potential support.
looks to be holding.
wave 5 should put us around $28.
AVAXUSD breakout, could this be the start of a new move higher?Hi, welcome to Monday's update. Today's focus is on AVAXUSD after last weekend's solid two days of buying that broke above resistance
Are we seeing a new higher extension on AVAXUSD? That is the question we're asking in today's video update. Weekend trade has set up the first sign with a break above 25.30 resistance. What we would like to see now is for the move to continue higher and test the next resistance levels seen at 27.50, 31 and 36.
In a perfect world, we would see price continue to push higher a bit more before we see a new pullback. We are looking for the pullback to find support at the previous breakout point and turn the previous resistance level into new support.
A new HL created around the previous level of resistance followed up by a new HH would be a good sign and could signal a buy into the new move. From that point, we would like to see buyers break 31 and 36 resistance to signal that a new short-medium-term trend higher is underway.
A new lower move closing below 25 would be a worry and could tell us that buyer momentum might not be as strong as thought.
Good trading, and enjoy the rest of your Monday.
Avalanche teasing an inverse head and shoulder breakoutWaiting to see where the current candle closes. Seeing priceaction flip the 1day 50ma (in orange) to support would make me more confident of the breakout. If breakout confirms target should be around $28.
Potential Forecast...As with the overall view that markets are potentially in a large bull trap I think it's possible we see something like this unfold.
AVAXVery simple ... Very clear
Another downtrend has begun.
This is my personal opinion. Please do not trade based on my analysis and data.
AVAX, a head and shoulders pattern.The following content is machine translation:
In the 4-hour chart, it is currently near the resistance level of 26. The previous several tests failed to break through, and the head-and-shoulders bottom pattern of the rebounding pattern was retraced.
Indicator macd bullish trend, RSI indicator is running above neutral 50.
Summary: The head-and-shoulders bottom pattern and bullish indicators will break the resistance with a high probability and further rise around 30.
AVAX/USDTInsights shown here are for follow-up purposes only.
Not Acceptable as ANY Investment Advice
AVAX FIB PREDICTIONSUsing fib channels to chart Avax. Also included most likely bottom predictions and top of next cycle predictions. Created the fib channels around 6/15/2022.
AVAXUSDDouble Top Reversal Pattern Reversal along with Fib. Harmonic Bearish and Support Resistance.
$avax | long | target $28-30like bitcoin, no real divs to work with. but retesting rsi eq on the daily. don't think we've hit the real swing top.
retraced to standard wave 4 zone.
26-07-2022 _ Update Short Term Bearish Idea _ AVAXUSDT H1That’s the 3rd follow-up on Short Term Bearish Idea _ AVAXUSDT H1 originally shared on 20-07-2022 with 1st and 2nd follow-ups on 25-7-2022 and 26-07-2022 respectively.
Target 1 ….. Achieved on 25-07-2022
Target 2 ….. Achieved on 26-07-2022
Target 3 ….. Achieved on 26-07-2022
Potential Last Buy Op.Many are still very fearful of the macro outlook on markets and it's well warranted - however if our lows hold we may see some moves in the future that really shock people.
AVAXUSDAVAXUSD is at a resistance level. A sell trade is taken with confirmation with two level of TP.
26-07-2022 _ Update Short Term Bearish Idea _ AVAXUSDT H1That’s the 2nd follow-up on Short Term Bearish Idea _ AVAXUSDT H1 originally shared on 20-07-2022 with 1st follow-up on 25-07-2022.
Target 1 ….. Achieved on 25-07-2022
Target 2 ….. Achieved on 26-07-2022
25-07-2022 _ Update Short Term Bearish Idea _ AVAXUSDT H1That’s a follow-up on Short Term Bearish Idea _ AVAXUSDT H1 originally shared on 20-07-2022.
Target 1 ….. Achieved on 25-07-2022
$avax | twenty american greenbacksranged under the high and ultimately rejecting. expecting a slightly extended wC to bring us down to $20, where we're looking for w5.
$avax still short. currently failing our retest zone similar to eth. btc didn't even make it up to it's retest zone, which makes me think this could bleed a little further than wave a did in comparison.
invalidation above the high. still want $20.
$avax thank you this opportunitythank you for this opportunity to add to our avax short at this resistance. ecb rate hike lol like anyone cares about the euro.
nuke this back down to $20 with haste.
AVAX, support near 22.The following content is machine translation:
In the 4-hour chart, it is currently near the 22 support, 22 is the support in May, the rebound in June turned into resistance, and it broke through in July, and it has now fallen back to the vicinity of the 22 support.
The indicator macd is a callback trend, the speed line is still above the zero axis, and there is a possibility of a rebound. The RSI indicator topped off near the overbought zone and returned to the neutral 50.
To sum up, the current 4-hour chart has begun to rebound, and the short-term is bullish. If it falls below 22, it will see around 16.
