20-07-2022 _ Short Term Bearish Idea _ AVAXUSDT H11- Bearish Divergence.
2- Valid break below the Support/Resistance Zone awaited.
If happened, targets are 38.2, 50 and 61.8% of the Fibo. Retracement.
Protection @ 26.300
AVAXUSD.P trade ideas
AVAXUSD ❕ bearish divergenceAVAX is under a strong zone with high liquidity.
Price and RSI have formed a bearish divergence on the 4H Timeframe.
The asset is in an overbought zone on the BB indicator (4H TF)
TD Sequential has formed a reversal signal down (1H TF)
Price moved out of the overbought zone RSI (1H TF)
I expect the continuation of the correction after fixing under the support level.
AVAX Rejected by 200MA We are getting rejected at 200MA. If the buying pressure continues we might confirm above it and tag the 200EMA line (the thinner line).
$avax shortposted this on twitter probably about an hour ago. been building an red coin short since last night and into this morning.
likely going to get a retest. will add more there.
could drop further than marked, but will take some off the short around that zone.
AVAXUSD Re-testing the 1D MA50. Breakout and rejection scenariosAvalanche (AVAXUSD) is recovering from the recent rejection on the 1D MA50 (blue trend-line) last week. That would be the third attempt that close to the MA50 in 3 weeks and with the 1D LMACD on a strong rise, it appears it could be the decisive one to break it.
In fact the same LMACD sequence was last spotted in July 2021, a year ago, when the price eventually broke above the 1D MA50 and initiated an extremely strong rally. Now with the general crypto market attempting to find a bottom on this Bear Cycle, such a rally would be difficult to re-create yet but the Fibonacci retracement levels within this long-term Channel Up can help us set some short/ medium-term targets leading eventually to the 1D MA200 (orange trend-line).
On the downside, if the price gets rejected again and breaks below the Higher Lows trend-line (Fib 0.0), it can go for a Bearish extreme near the -0.236 Fib, similar to the Bullish extreme at 1.236 Fib that shaped the top of the market on November 22 2021.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Avalanche (AVAX) to $400 / 22xOn the above 3-day chart price action has corrected 90% since the sell signal back in November. A number of reasons now exist to be bullish, including:
1) A ‘incredible buy’ signal.
2) RSI resistance breakout.
3) Price action confirms support on Fibonacci 0.786 as measured from the July 2021 low.
4) Dragonfly DOJI candle prints on 2-day chart (not shown here).
Why $400? Very simple, the previous cycle top was predicted perfectly @ $120 by the Fibonacci 1.618. Repeating the extension takes the market top prediction to $400, see chart below.
Is it possible price action falls further? Fur sure.
Is it probable? No with bells on.
Ww
Fibonacci target
Long $AVAXBTC update likewise for the movement of Avalance.
We have seen some nice 20% pumps across board now from the lows of 19k so what’s next?? Is bottom in??
First of all NO, bottom is not in yet not until BTC flip 22,700 & 24,360. Then we can start having conversations of 30ks and reversals.
My entire bias is bearish and I am still looking out for shorts when I spot a weakness unless proven otherwise.
Enjoy your weekend ..long AVAX for a quick profit at the key major resistance area of $23.00
AVAXUSD ❕ before the resistance levelTD Sequential - turning down (4H TF)
RSI - overbought (4H TF)
RSI and price have formed a bearish divergence (1H TF)
I expect that the AVAX may retest the resistance level, and after fixing under it will begin the correction.
avax/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The bottom for this coin is in. Wave (2) was around $8. We bottomed out here around $13. Well technically we can still go down to $9 and that would be the bottom, but that is cutting it real close. Going near there or if we go lower, this chart is invalid and the wave counts are off.
$avax > $soly'all can have all the $sol you want.
$avax does not care.
both are great set ups, but gimme the red coin all day.
$avax shortclosed out of previous long right here and flipped short.
need to break this level and hold to confirm.
looking weak as of now.
Bullish DIV on some of the bigger ALTSLooking at AVAX/USD it has the same signature as SOL/USD Leving Bullish Divergence on the higher time frames, LOW LEVERAGE is key because the value of the cryptos themselves go up as well as the profit. Shakeout will be violent at this stage if we decide to move hire. Good Luck
$avax local longbunch of local set ups look really good. especially for a weekend.
taking longer to play out than expected, but 'should' push upward. rsi playing topside.
anywhere between 10-22% move over the next few days.
eth and btc also look solid.
will cut at loss of support. play it by level.
AVAXUSD ❕ downward channelAVAX is moving in a range within the descending channel.
The price is under liquidity.
Trading volume increased on the decline.
Main MAs (1H TF) are bearish.
I expect that AVAX may continue to decline when fixing under the support level.
AVAXUSDThe Head and Shoulder formation is in making. So the right shoulder zone is also a resistance zone. So keep focus on it.
Will Avalanche confirm channel breakout?We see on the daily chart AVAX is breaking out of the channel. If we are lucky enough and bulls hold the line we may do a retest and then off to the moons.
Avalanche Sits at the 0.886 Retrace Awaiting Potential BidsWe are at the 88.6% Fibonacci Retracement and showing Moderate amounts of Bullish Divergence on the RSI if we can catch a Standard Correction of the Downtrend we could see it pump back up to the 200 Day Moving Average which is Currently near the next possible resistance zone above if we were to rally from here.
Avalanche Crypto WorldwideSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Possible Double BottomPossible Double Bottom on the 1H chart. After confirmation it could push the price up with another 7%.
