AVAXUSD.P trade ideas
AVAX/US DOLLAR These are levels that I'll be keeping an eye on when dealing with BINANCE:AVAXUSD , and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. *OLD ARTICLE*
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Monthly:
1. P.A. broke a key low
2. Demand (untouched) below broken key low
3. Key S/R being revisited for 1st time
4. Key S/R rest within untouched demand
#AVAX $AVAX Expected Re-tracement#AVAX CRYPTOCAP:AVAX is Expected To Retrace Lower Before Any Further Highs.
Avalanche (AVAX) Bullish Wedge Pattern BreakoutBreakout from previous resistance level will spark a rally to try break above £25/$32 target level.
Chart shows AVAX was stuck in a bearish phase for over 460days, now is aiming for a prolonged recovery comeback with +40% within 1 week. Time to enter?
If a rally breaks through and momentum continues, AVAX could head higher and reclaim $55/£45 mark!
AVAXUSD Targets achieved. What's next?Avalanche (AVAXUSD) hit today our final (2nd) target of 15.5000 as we proposed on the bullish break-out signal we gave (see chart below) on October 04:
The question is, does this rally still have fuel in it or it will correct now? A reliable indicator in this case is the 1D MACD which, while the crypto has been inside the Channel Down pattern, it peaked both times just below 2.0000. This peak was confirmed only after a Bearish Cross. As a result, this rally still has room to go higher and the strongest Target (1) is the top of the top of the (dashed) final Channel Down that remains valid at 21.500. A break above Resistance 1 (22.9000) could also deliver a test of the 1W MA100 (yellow trend-line) at 26.000, but it is very doubtful to see a greater extension without a meaningful pull-back first.
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#Avax Long Idea Avax Long
Open price @ 11.48
SL @ 11.03
TP1 @ 11.81 (half position)
TP2 @ 13.20 (half position)
Risk 0.5%
Will AVAX Skyrocket To $15?Market Update: AVAX price rallies with a double bottom breakout, eyeing the $15 mark.
Current Trading Price: AVAX is trading at $12.07, with a slight intraday fall of 1.47%.
Key Resistance: The 200-day EMA and $12.34 level are the immediate resistances.
Technical Indicators - EMA: A golden crossover is on the horizon, indicating bullish momentum.
Technical Indicators - MACD: Shows linear growth with a bullish spread, suggesting continued upward movement.
Recent Pattern: AVAX formed a double bottom pattern, a classic reversal setup.
Potential Retest: A retest of $10.86 could occur before a further bullish trend.
Year-to-Date Performance: AVAX has turned Year-to-Date performance positive with a 12.60% gain.
Market Sentiment: The sentiment is bullish, with AVAX gaining 40% in the last three weeks.
Upside Potential: Crossing the 200-day EMA could significantly boost AVAX's price.
Downside Risk: A reversal from the 200-day EMA could see a drop to the $10.86 level.
Market Catalysts: Bitcoin's rise above $35K is creating a positive ripple effect for altcoins like AVAX.
Avax Long Idea
Open price @ 10.725
SL @ 10.34
TP1 @ 10.95 (half position)
TP2 @ 12.22 (half position)
Risk 1%
AVAX - The Hottest Entry in Whole CryptoHello Together,
AVAX seems to be repeating what it did in the previous bull cycle.
Forming a massive W Pattern, which has not broken out yet.
Last time this massive W pattern was formed we had a massive spike.
My Price Expectations:
October >12$
November >20$
End of Year +- 30$
I personally longed it at 10.56. Very confident in this setup, the general market has moved up quite a bit but AVAX simply did not yet, this is what we as traders or investors have to notice.
Eyes Open and Make Money.
SOL->AVAX Rotation trade, Point of maximum opportunityAVAX is now in the historic low of its range vs SOL and I've no information that Solana has somehow defeated Avalanche in terms of its value proposition, so it would make complete sense for there to be a rotation between the two platform tokens.
If you need fundamentals to drive a bullish position on AVAX, look at forthcoming blockchain games Shrapnel and Off the Grid, both very likely to be the biggest games in Web 3.0, also Avalanche appear to be courting RWAs and are said to appear in every conversation about asset tokenisation between the Big 4, see also Bank of America report on this.
All looking very good for Avalanche.
Is AVAX price ready to skyrocket to $15?Current Status: AVAX is trading at $10.99, experiencing an intraday growth of 4.56%.
Double Bottom Reversal: AVAX shows a double bottom reversal in the daily chart with a neckline at $11.
Technical Indicators - EMA: A bullish breakout above the 50-day EMA hints at a potential golden crossover.
Technical Indicators - RSI: The RSI shows a rounding reversal, re-entering the overbought zone.
Weekly Performance: AVAX has seen a dramatic rise of 26% over the past week.
Critical Resistance: The $11 mark has been a significant resistance level for AVAX.
Bullish Momentum: Seven bullish candles in the last eight trading sessions indicate strong bullish momentum.
Potential Targets: If the breakout is sustained, AVAX could reach $15, with a pitstop at $12.5.
Downside Risk: A reversal from $11 could see the price drop to $10.
Year-End Prediction: AVAX could potentially reach the $15 mark before 2023 ends.
Market Recovery: The overall crypto market is in a recovery phase, positively affecting AVAX.
AVAX/USD Ready to Breakout of 18 Month Downtrend on 1-Day ChartAvalanche (AVAX) has been trading below an 18 month down trend, and is ready for a breakout. There are several resistance levels between $10.80 and $12.00. Near term prices targets are $14.70, $17.05 and $20.60.
AVAX/USDT 1WAvalanche forms on the weekly time frame a big falling wedge pattern since June 22. Here are my 3 targets. I think #AVAX will explode soon.
Avax looking like the Burj KhalifaFirst time I looked at this one in a while, really doesn't look that great
Take a look, looks to be retesting the neckline just now
AVAXUSD (1H) - Bullish breakoutHi Traders
AVAXUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 10.07 resistance level. Only the downward break of 9.67 would cancel the bullish scenario.
Trade details
Entry: 10.07
Stop loss: 9.67
Take profit 1: 10.31
Take profit 2: 10.70
Score: 8
Strategy: Bullish breakout
AVAX target $5Avax downtrend Target $5
Fib wxt 50% level from ATH since M (at ATH) broke down.
Also downside 50% Fib Ext since last leg Up.
+ Historic Support area.
Note: I do not short but expect better entry.
Avalanche fallingI mentioned the same thing with VFS stock, but bubbles pop quick with higher rates. Avalanche rally didn't even go 2 weeks, dropped all the gains in less than one week, and based on indicators it looks like it'll set a new AT Low.
I think Cryptos are toast.
#avax #avalanche something like this? #avax is forming a bearish Shoulder Head Shoulder (SHS) pattern and i showed the probable retrace and bounce zone on the chart. If markets make sudden rally , the scenario will be invalidated.
NOT FINANCIAL ADVICE. Always trade with your own strategy, not mine and not anyone else' s.
AVAX.USDT (Long Term) Ladies and Gentelman, It's Ho3ein again. Thank you for your time 👋👋
It's a new day and I want to tell you all about the support zone on Avalanche.
I think it will be interesting. Because I wanna tell you where is the best zone to buy and Hold Avalanche for the long term. Please be patient 👌👌
Before that, Please don't forget to Like 👍 , share ✌️ with your friends, and also write your comments ✍️ below the post. It gives me more positive energy to continue publishing my analysis.
As you see, we have Three main support zones. I'm sure the first one around 7.2-7.5 USD will be lost soon.
We will talk about the second and third ones.
The Second support zone is around 4.6 – 5 USD and it's really strong. I expect the price drops to this zone to stop dropping and the price after touching this zone to move up.
I bet it's not the End of the correction. Because I expect the Second zone could NOT hold the price and it will break and the price will move to the 3rd support zone.
Let me say something frankly, I don’t believe that the 3rd support zone around 2.6-2.9 will be broken. It's really strong more than you think and big whales are waiting to buy Avalanche in this zone.
Please be patient. control your emotions 🙏🙏
Opportunities in the market flow smoothly like a river 🧞♀️🧞♀️
It was my duty to tell you all the things you need to know.
Please ask me all your questions below the post.
Wish you Health and Wealth
Sincerely Yours 🙏
Ho3ein.mnD
AVAX price eyes uptrend to $13Breakout Alert: AVAX has broken through a strong resistance trendline.
Falling Wedge: The breakout indicates an escape from a long-coming falling wedge pattern.
Target Price: With market-wide recovery, AVAX aims for $12.
Current Price: Trading at $10.003 with an intraday fall of 1%.
Morning Star: A morning star pattern is completed by a 7.21% bullish engulfing candle.
50-Day EMA: AVAX is above the 50-day EMA, signaling bullish momentum.
200-Day EMA: A potential move to the 200-day EMA could lead to a golden crossover.
Round Bottom: A potential round bottom pattern could form at the $11 mark.
Technical Indicators: DMI shows positive crossover and uptick in ADX line.
Critical $11 Mark: Price action at $11 will be crucial for the upcoming trend.
Potential to $13: A bullish breakout could take AVAX close to $13.
Downside Risk: A pullback could delay the breakout or plunge AVAX to $9.
AVAXUSD Ready for a bullish break-outAvalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D MA50, it initiated a massive rise on the next candle that easily broke through the 1D MA100 (green trend-line), hit the 1D MA200 (orange trend-line) and peaked a little above the 0.618 Fibonacci retracement level.
As a result, we will buy the break-out and initially target the 1D MA100 at 11.000. If it breaks above the 1D MA200, we will buy that 2nd break-out and target the 0.616 Fib at 15.500.
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Avalanche: Already done?! 🤔Avalanche has recently experienced a renewed rise, which has ended in the last few hours. We have to admit that the price has approached our magenta target zone (coordinates: $9.03 - $5.62), thus fulfilling the (minimum) technical requirement for this move; however, until the price convinces us of a final backed low of wave (2) in yellow with further clear rallies, we still have to assume that it will go a bit deeper into our zone. Ideally, we see the price approaching the lower violet trendline here, but of course, it can use the entire target zone to complete the reversal. In turn, traders can use the zone to enter long positions.
