AVAXUSD trade ideas
$100 AVAX? AVAX HAS JUICE FOR 1 MORE PUSHA quick analysis of AVAX. I do think $100 AREA is reachable here!(could be just under. Don't put your targets too high)
What do you guys think?
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Is AVAX the next big thing?Could Avalanche AVAX be the next big thing in the Space? Rumors of big players getting in.
Let's try to look at the chart: it seems to be moving very well in the ascending channel. I see an Head and Shoulders there. Looks like it can easily pump 10x. Be careful on this trade, don't FOMO, wait for the break out of the neckline.
This is not a financial advice. Thanks for watching
$AVAX looking for correction?Overall I'm super bullish on Avalanche, but to properly retest S/R level it needs TIME. Huge outside weekly candle is just a volatility, not a proper retest. Once stops are taken, we will absolutely rip.
Invalidation: Close above current ATH and continuation of parabola.
Bullish structureHi traders,
AVAX is on its support level. For last few days, It has had bullish market structure even though BTC has made unstable moves.
The price got rejected by MA-200 in 4-hour frame. And It made new higher high, which indicates a new uptrend.
After vertical line, there is a increase in volume. It is also another hint of new trend.
Finally, there is a range as you might see from the chart. Based on the Volume Profile, there is a huge volume concentrated in that range. And the price broke out this range with huge green volume columns.
All of those makes me believe that this might be the beginning of new uptrend.
Apart from those technical hints, Avax may get hyped because of the NFT trend in the market. AVAX is one of the similar projects to ETH and SOL. Hence, we have observed the trend of those coins. They were highly bullish.
In conclusion, I am gonna take two positions. One for spot, and one for swing tradng. Stop Loss level is indicated for swing trading.
I am gonna HODL it for spot until the uptrend is broken. For swing trading, I will probably sell around 59.
Stay safe traders.
A possible Reverse Head and ShouldersHi traders,
As you can see from the chart, the price may form a reverse head and shoulders. In that case, I specified the places where I take a position. My stop level is around 2.57%. This may change depending on your risk level.
I am bullish for AVAX. It is because the volume has been increasing lately where you can observe in daily frame.
Even though it does not form a reverse head and shoulders, I strongly believe that it will go up dramatically because of the NFT hype.
Stay safe.
Avax Long Continuation update"Dont usually use the ghost bars although it can come in handy to provide a quick glimpse of what could easily happen. AVAX = up only imo. Whether it follows this pattern maybe not so acutely but you get the picture."
And theres no reason to not tap liquidity below lows either.
AVAX, volume combined with wave theory to determine the trendThe following is a machine translation.
The target sees 70 plus
1. The general trend is upward.
2. Wave 2 pullback rebound, now in wave 3. From a wave point of view, the third wave will surpass the first wave.
3. The first wave before the accumulation of a large volume, which can promote the market follow-up rise.
4. Oscillation trend indicator gold fork, macd is about to die fork, combined with the above trend, here macd indicator large probability reject dead fork.
Comprehensive analysis of the above, bullish, probably the way to reach the target price of 70 plus