Keep shorting, the cycle is done Avax had a massive run , but now it's time to go short. My two potential entries are the blue boxes at the 50% and 61.8% fib.
AVAXUSD.P trade ideas
AVAX - Possible reversal areaIf the retracement's structure does not change we can see 36-29 area where we will be buyers again. Swing trade opportunity.
Avax long swing opportunity from 31- 23 areaAvax is correcting the cicle from the lows and we are approaching 50% 61.8% fibo retracement as well as the 100% fibo extension of ABC correction. We are going to take a position for a swing trade into new ATH
AVAX - LongGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
AVAXUSD - 2:1 Sell SetupSimple setup. Waiting for retest of the ascending resistance to consider a short sell position.
Trade SetupAVAX looks like wee could get an opportunity to add some more AVAX if BTC trends down in its current channel. I just want to catch the bounce. Trade risk is Medium. Check levels for accumulation zone 10% range split at every 3%. Risk management NFA. Like & Follow for more calls.
Avax long idea at 46.00 for another push higherAvax long idea at 46.00 for another push higher
Limit @ 46.00
SL @ 43.50
TP1 @ 47.50
TP2 @ 51
Trailing Stops on AVAX and the Donchian ChannelHere is what a 7.4% Trailing Stop would look like on these AVAX runs. Seems pretty satisfactory, but I guess that is for you to decide!
Why 7.4? Well, the profit takes would be a bitttt better than 7.5 it seems. Play around with it for yourself and see!
This indicator is straight-forward and useful. A great idea. Give thanks to KivancOzbilgic (I cant post links yet! Sorry!)
The blue is NOT Bollinger Bands! It is a Donchian Channel
(The following is ChatGPT because I am lazy:)
Donchian Channels:
Construction: Formed by taking the highest high and the lowest low of the last 'N' periods. The area between the high and the low forms the channel.
Use: Primarily used to identify breakout levels. When the price breaks through the top or bottom of the channel, it may indicate a continuation or reversal of the current trend.
Bollinger Bands:
Construction: Consist of a middle band being a moving average (usually 20-period) and two outer bands at a standard deviation above and below the middle band.
Use: Used to measure market volatility and identify "overbought" or "oversold" conditions. When prices move close to the upper band, the market may be considered overbought, and when they move close to the lower band, it may be considered oversold.
AVAX to $72? BINANCE:AVAXUSD AVAX is flirting with the VWAP like it's the last dance at prom, eyeing that $72 corsage. The chart's a mixtape of peaks and troughs, and right now, AVAX's tune is climbing the charts. Will it hit that high note? The VWAP's red carpet might just lead to a VIP party at $72-ville. Keep an eye out, though; the crypto market's known to crash the party without warning."Always keep in mind, the path to $72 is more of a tango with the market's whims than a guaranteed moonwalk. Happy trading!
Time is getting shortPrice is hitting the upper trend line of the descending wedge again, BTC has just broken out of the SOS on its wyckoff. The crypto markets are testing resistance and something is changing. I am in around these prices for the next bull market.
Not financial advice.
AVAX NEXT BUY AREAWhat do you think about the chart analysis and the prediction of AVAX for the coming days?
AVAX price discovery?COQINU ( TRADERJOE:COQWAVAX_41AB86 ) to bring AVAX to the moon most likely fellas
AVAX - Long idea VAX appears to be completing wave 5 from the lows. Wave 5 has already reached its minimum extension (inverse 1.236 of wave 4), but there is still potential for another leg higher before a larger pullback occurs. Move down from 45 still looking corrective.
Open @ 40.60
SL @ 38.15
Target 1 @ 42.25
Target 2 @ 48.40
AVAX Leading DiagonalHello again
The King Of All TA Guys Is Here Again!
* Before you BS and say how come "wave 4 will go below 1" go read about diagonal wave first.
so as you see the avax finished 5 waves of the leading diagonal which represent the wave 1
so everything is mentioned on the chart
THANKS
AVAX Price Eyes $55 With The $40 Breakout Rally!Bullish Breakout at $40: AVAX price demonstrates a strong bullish trend with an impressive 89% rally in two weeks, breaking past the crucial $40 level.
Fibonacci Retracement Level in Focus: Avalanche's market price is eyeing the significant 38.20% Fibonacci retracement level at $54.59.
Weekly Chart Analysis: AVAX's recovery rally in the weekly chart marks a trend reversal, indicated by bullish engulfing candles.
Avalanche Network's Robust Growth: Data from DefiLlama highlights a recovery in the Avalanche network, with increases in total value locked (TVL), active addresses, and inflows.
Continuing Recovery: Despite a minor pullback in the 4-hour chart, AVAX maintains its upward trajectory, trading at $41.44 with an intraday growth of 4.52%.
Swing-High Breakout: AVAX's price action suggests a bullish attempt to push the rally further, potentially skyrocketing above the $55 mark.
Technical Indicators - RSI: The Relative Strength Index (RSI) indicates a temporary pause in the overbought zone, but a resurgence is likely.
Potential to Cross $50: AVAX shows active bullish sentiment, with a high possibility of surpassing the $50 level, particularly if the broader market improves.
Avalanche's Ecosystem Prospects: With the network ending 2023 on a high note and set for potential growth in 2024, there's optimism surrounding AVAX.
Critical Levels to Watch: The $55.49 mark stands as a significant target, with the potential retest of the $40 breakout level in case of a supply increase.
AVAXUSD (4H) - Bullish breakoutHi Traders
AVAXUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 42.93 resistance level. Only the downward break of 34.05 would cancel the bullish scenario.
Trade details
Entry: 42.93
Stop loss: 34.05
Take profit 1: 48.40
Take profit 2: 57.28
Score: 9
Strategy: Bullish breakout
AVAXUSD $55.00 is on the cards but then expect correction.Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever:
This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a February 08 2021 type High, is expected (target = $55.00) but then most likely the market will correct back to the 1W MA50 (blue trend-line). After that, our long-term target will be 105.00 (Resistance 1).
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Scalp AvaxIm longing avax here it has been one of the stronger coins price dipped into a previous range then shot up and now is at new range lows stochastics is oversold and once price beaks above short term trend ema i will enter targeting range highs and beyond.
Avax Long Idea - Looks like an ABC. Let see if we can get a bounce from here
Open @ 38.60
SL @ 36.60
T1 @ 40.00
T2 @ 44.00
