AVAXVery simple ... Very clear!
Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
AVAXUSD trade ideas
AVAX - LongAvax is another L1 that I like to keep my eye on. I traded in and out of this a few months ago but after doing some research and using the blockchain itself personally, AVAX has been a name thats grew on me.
Im bullish on many L1s including AVAX. So what is Avalanche? Its an open-source platform for launching decentralized finance applications and enterprise blockchain deployments similar to Ethereum. Avalanche is actually Ethereum Virtual Machine (EVM) compatible, so there is a good feeder system of developers who are familiar with Solidity and can build DApps cross-chain.
Investors can use AVAX for:
1. Staking Rewards
2. Liquidity Provision
3. Blockchain gaming
4. NFT Purchase/Sales/Storage
5. etc, etc, etc,
I have been an ETH holder and remain bullish on the price but less so on the practical usage of the network going forward (I will post a separate idea on ETH). As I have been frustrated with the speed, congestion, and cost of the Ethereum network I started to use Avalanche as an alternative and found the experience to be orders of magnitude better than Ethereum (but not Algorand, well get to that in another idea too).
The chart shows that AVAX may be beginning a period of consolidation before potentially moving higher. If you are able to stomach potentially dropping to the mid-60s here, its decent place to take a long position. My suggestion would be to scale into the position over time, something like 30% initial allocation and then increments of 10% over time... manage your risk how you see fit. Many of my trades are longer TF than the TV community is used to. These trades are typically 3-6mo in length, if not longer.
As always, do your own research. NFA.
Ill be posting some additional analyses/thoughts as updates - so scroll down for more.
AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick AVAX/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
AVAXUSD Don't get excited until it breaks these levelsAvalanche is having a good stretch in December but we can't lift our hopes yet as it remains below the 1D MA50 . Even if it breaks it, it will still be contained inside the Falling Wedge of June. Our signal to enter AVAXUSD will be when it breaks the 1D MA200 , which is untouched since April 10th. The bullish target will be $30.00.
Until this happen, with the RSI pattern looking increasingly like the last 1D MA50 rejection, it is more likely to see the Falling Wedge break downwards and make a new low on the 1.236 Fibonacci at $9.00.
Follow us, like the idea and leave a comment below!!
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 13.91 resistance level. Only the downward break of 13.40 would cancel the bullish scenario.
Trade details
Entry: 13.91
Stop loss: 13.40
Take profit 1: 14.21
Take profit 2: 14.71
Score: 8
Strategy: Bullish breakout
AVAX - Possible breakout loomingLook for a break and hold over $13.26 on decent volume.
Accumulation and BBWP indicators supporting break
Of course entire market hinges on bitcoin breaking and holding 17100 then 17800 so caution is always advised.
AVAX USD Ascending Log ChannelAVAX versus US Dollar - Ascending Log Channel analysis with fib level channels
Christmas Has Come Early...Probably imo one of the best l1s out there, Currently things in crypto don't look good overall but it's a natural part of the down cycle and usually the biggest mistake ppl make here is not buying at all, I imagine in the future this will be well above $1000~ per coin as the world flips onto web 3.
BTD...Assuming this is the first Bullish retrace of our new up move for now - most won't buy here as they're still too scared and it's probably one of the best times.
AVAX - Similar Double Bottoms AVAX has printed a nice double bottom which is very comparable to a past double bottom that saw great bullish results
A double bottom is a bullish reversal pattern
Bull opportunity
Avalanche USD - AVAX USD - Bearish consolidation completedHey 'whale calves' - Following this week-end short term bearish consolidation, Avalanche to stop falling and resume its rise on the current levels. The RSI is lying on a support area, while SMA is supporting the market. Currently on the lower end of its ascending channel.
Safe Safe! Have Fun!
AVAXUSD -possible longHello fellow traders,
Referring to the chart above, price has close above the downward trendline suggesting that price might rally to the supply zone (drawn on the chart). If price does close above this zone, there's a possible chance that price might start to rally to the next zone.
however, if price does close below the weekly supply zone , there's a possible chance that price might retrace back to the weekly demand zone.
note: This is just our thoughts and opinion based on technical analysis that we see. This article is not a trading or financial advised. Kindly do your own research and risk what you can afford.
blessed trading everyone.
Cheers.
Avax breakout is realBroke out of a longterm c-fork, first target is top of the descending channel. Breakout of the channel has a measured move to $22.
RSI has bullish divergence.
AVAX scalpTarget to completion of wave5.
H&S on smaller tf where is my entry is based on. Stop will be invalidation of ABC correction
AVAX ANALYSIS
#AVAX UPDATE.
#AVAX is currently trading in falling wedge and got a huge bounce back from the previous support level,if breaks above the falling wedge white box area could be next resistance for AVAX.
H&S and inv C&H for old mate AVAX... Possible support just under $11 for AVAX, but looking like a massive H&S with inverted C&H.
AVAXVery simple ... Very clear
This is my personal opinion. Please do not trade based on my analysis and data.
AVAXUSD (1H) - Bearish wave LTFHi Traders
AVAXUSD (1H Timeframe)
A Med-High probability, entry signal to go SHORT will be given with the downward break of 15.85 after the market found resistance at 16.30. Only the upward break of 16.30 would cancel the bearish scenario.
Trade details
Entry: 15.85
Stop loss: 16.30
Take profit 1: 15.18
Take profit 2: 14.70
Score: 7
Strategy: Bearish wave LTF
AVAX ANALYSISAVAX has broken below to the rising wedge and we can expect that avax would go down but currently AVAX is holding the double bottom support ,on losing this double bottom support breakout will play excatly.
avax local |$19a ton of fairly good setups out there. continue looking for the high beta plays.
from a macro perspective, if we get this zone as the swing low, avax should run much higher..
but from a local perspective, we think $19 is a conservative 10% target where we'll likely start to see some turbulence.
