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AVAXUSD trade ideas

AVAXUSD Bottom formation in process. Target $105.007 months ago we published the following analysis (December 14 2023, see chart below), expecting Avalanche (AVAXUSD), to correct back to the 1.0 Fibonacci level after a potential $55.00 hit: As you can see the price action didn't fail to deliver our projection, in fact it followed very tightly the February - July 2021 pre-rally pattern of the previous Bull Cycle. Right now it has found Support on the 1W MA100 (green trend-line), while the 1W RSI is on the exact Support level it was on the June 21 2021 bottom. Even though a marginal decline is possible to satisfy the past condition of slightly breaking below the 0.5 Fib, the current levels are good enough to buy again for the long-term. As in November 2021, our Target is again the 1.236 Fibonacci extension, which is currently just above the $105.00 Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
1
AVALANCHE/AVAXUSDT REDISTRIBUTEWe might think were super bullish, as a trader Im following my own ideology on charts not on hyping or whatever other people say about a coin. they dont even know what they are doing. Im expecting higher price on CRYPTOCAP:AVAX @55-60$ per coin. Not shorting unless we have confirmation, other people automatically trade without knowing it. how come you know the trade is valid if price or current momentum has no confirmation. Trade at your own risk. Im not here to make a execution of your own trade, own it or trade it. Leverage thing is a dangerous on your account. Not biasing the short but selling my spot at that current level.
BINANCE:AVAXUSDLong
by D1GITALTRADES
AVAXUSD Critical ThreatsSome fitted curved lines that could become relevant in the developments of this market. It looks gloomy with the potential resistance of the green, purple and blue, and while rebounds from these levels can happen, they can also provide opportunities if broken and retested. Perhaps the blue one is actually more stronger than the other two, so an incursion for it can happen. Not much support curved lines for this one, but the red could be strong enough to keep it in check. Looking at the potential rebounds at these curved line or break and retests. Open to most of possible scenarios as long as the price action looks relevant to these lines. Some arrows with possible developments highlighted in the snapshot.
COINBASE:AVAXUSD
by nen
Avalanche Buy OpportunitySo far, I have profited 450%, 56% and 223% from Avalanche. I have already shared the profits I made in 2023 in my X report, and my followers have profited with me. I don't have any Avalanche at the moment. I am waiting for this moving average to pick up. If Avalanche falls below the moving average, I will wait for my Dip Finder indicator to turn green to buy. But if it is rejected from the moving average, I will buy and hold it until my indicator lights white. I will update this post again when I buy, so I recommend you to stay tuned.
CRYPTO:AVAXUSD
by YavuzAkbay
AVAX - Big One? Hi, this is my new update for AVAX. As you see we are in a big range over 6 months now and I expect we are going to takeoff in the next couple of weeks. In the picture above you see Ethereum in 2017 and it seems that we are going to try something similar to what Ethereum did. Right now we are in the yellow circle and we are backtesting the trendline. If it holds then we are getting ready for 170% upside with the main target 95-100$. We have still things to settle, like the RSI and the moving averages. The RSI is still bellow the trendline. We have good support level around 28 -31$ and big resistance around 55-65$. Good things take time, be patient.
COINBASE:AVAXUSDLong
by GOAT1375
2
avax is bullishAvalanche is a layer-one blockchain known for its speed and low-cost transactions, positioning itself as a strong competitor to Ethereum. The recent developments and strategic advancements in its network have bolstered its potential for significant growth. The current bullish sentiment in the crypto market, coupled with strategic investments in the altcoins, positions investors to potentially reap substantial rewards. As the market dynamics evolve, the altcoins are expected to outperform and achieve new ATHs in the coming year.
BINANCE:AVAXUSDLong
by MtICHI
2
AVAX Possible bust cycleWith bitcoin being in a state of uncertainty, AVAX has been in a downtrend from the 150 area. Reasons: - Lorentzian classification sell signal plus - ML Pivots breakout area at 26.72 (possible resistance) - Low volume in the area meaning possibly little resistance to a downwards movement. - If it does manage to break this consolidation area, the VPVR volume indicator shows little market participation until 16.00 indicating the potential for a free fall. Considerations: - We have not yet fully broken a previous consolidation zone, however the distance from the ML trendlines suggests a significant momentum down. Please note this is only an idea and not advice on whether you should or should not risk your money. This is not financial advice. Good luck.
COINBASE:AVAXUSDShort
by TwistedHWAY
1
What is the social sentiment of Avax?The social sentiment around Avalanche (AVAX) appears to be mixed but leaning towards the positive side. The social dominance metric, which measures the percentage of social media mentions a cryptocurrency attracts in reference to the top-50 most talked about projects, has reached its lowest levels since November 2023. This indicates that discussions and mentions online about the AVAX token when compared to the top 100 are low. However, this low social dominance could potentially precede a rally in Avalanche, as similar patterns were observed in October 2022 and January 2023, where spikes in social dominance were followed by an increase in the AVAX price. Furthermore, there have been recent developments and initiatives within the AVAX ecosystem that have generated positive sentiment. For instance, the announcement of meme coins being incorporated into the Avalanche Foundation's portfolio has led to a surge in meme token prices, with one prominent meme coin, COQ INU ($COQ), experiencing a notable surge in valuation. This move by the Avalanche Foundation has sparked enthusiasm within the AVAX community, demonstrating the community's support for a broad spectrum of digital assets. Additionally, the launch of the Cortina upgrade aimed at enhancing the developer experience and utility of the AVAX blockchain has contributed to a positive outlook. After the upgrade, the AVAX price climbed, yielding nearly 5% gains to holders since Tuesday. In summary, while the social dominance metric for AVAX has been low, recent developments and initiatives within the ecosystem have fostered a positive sentiment among its holders and the broader crypto community.
COINBASE:AVAXUSD
by SmolBull
1