AVAXUSD trade ideas
AVAXUSD Buy SignalPattern: Channel Up on the 1D time-frame.
Signal: Buy as the price is A) holding the Higher Lows (bottom) trend-line of the Channel Up, B) holding the 1D MA100 (green trend-line) and C) holding the 6-month CCI Support Zone.
Target: $200 (just below the 1.5 Fibonacci extension and Higher High trend-line of the Channel Up).
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AVAXUSDT Bullish Butterfly in MotionAVAXUSDT had a whipsaw a few days ago with the bears trying to overrun the bulls and attempting to put the value as low as $66; however, it should be noted that there is significant volume which heavily supports point B of the Bullish Butterfly harmonic pattern of AVAXUSDT. As a position trader, you have a lot of assurances that the value can go up as high as $137 before a major correction occurs.
Disclaimer: This is for educational purposes only.
AVAXUSDT Bullish Butterfly or Bullish Deep Crab?Seems like my very first analysis for AVAXUSDT has been spot on. Unfortunately, we did not anticipate this whipsaw to happen so soon but again, is understandable due to a lot of negative news for cryptocurrency.
Be wary, 86 is a strong support but may falter down to 66. You can tranche buy to go long but I still believe this will go short but may just retest for a bit.
Disclaimer: This is for educational purposes only.
AVAX Fib Retracement - Like a bossLots of cryptos obey fibs, Avax is no exception. See my previous post, linked, I was off a buck or two.
Looks like another chance to grab it at the 0.50 @ $101 - a popular max retracement
Low probability to get the 0.618 @ $90. Retrace below the 0.618 is bad news.
I'mma grab some AVAX at 101.51.
Avax Bull Flag in the Making, perhaps?Looks like we may have a bull penant in the making. Based upon length of flagpole, this pattern lends itself to a final price of $225+, if all stays intact. This signifies a huge gain.
Let’s see if this can happen. Avax also has a lot going on, significant network effect adoption curve is truly the upward pressure that will drive this lift.
Do your due diligence, and vertically good luck to all.
AVAXUSDT Bullish Pennant or Correction?Here is an updated chart for AVAXUSDT. After seeing a bullish pennant, I decided to take profit already. Let us see first if this pennant will manifest or will its market structure move for consolidation to become a bullish flag.
Disclaimer: This is for educational purposes only. I am not a guru nor am I a licensed financial analyst.
$AVAX: Why I Think We Are Going To See Some Upward momentum Given how far $AVAX has gone down compared to the rest, I think the bounce will be equally impressive (not as impressive as $SOL but maybe close). It all depends on $114 acting as support and then off we go. I am adding more here as I think the benefit outweighs risk here. However, there's a very good chance we head to $100. Going to take a chance here by going all in. Not financial advice, my trading journal.
AVAXUSDT Correction on the Way!With AVAXUSDT finally reaching point E of the Elliot Wave, it should soon start the Elliot wave correction pattern. We are looking for a major dip at point C and current potential of going back to 100 value. So far, not much data can support since it is a new currency.
Disclaimer: This is for educational purposes only. I am not a guru nor am I a licensed financial analyst.
Solana (SOLUSD) or Avalanche (AVAXUSD) - which to choose?If I would be allowed only to choose between one of these two coins...
... just by looking on the daily chart without a view on the fundamentals.
AVAX has two chart-advantages IMO:
1. The price is above the OBV and not below a resistance
2. In case of a massive dump (whatever reason) the next volume support is closer to current price
But if you don´t have to choose between both... perfect 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
AVAXUSD (4H) Bullish reversalHi Traders
AVAXUSD (4H Timeframe)
Waiting for the upward break of 119 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 101 would cancel the bullish scenario.
Trade details
Entry: 119
Stop loss: 101
Take profit 1: 130
Take profit 2: 148
Score: 8
Strategy: Bullish reversal
AVAX! Avax is about to fly! So much demand from TIME AND WONDERLAND STAKing.
Great risk and reward set up as well.
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