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AVAXUSD trade ideas

AVAX Buy the dipsAVAX developed a 5 wave impulsive rally from the October '23 lows. Wave 3 extended to the 161.8% Fibonacci extension of wave 1-2, Wave 4 retracing into the 23.6-38.2% Fibonacci retracement of wave 3, Wave 5 extending into the 123.6-161.8% inverse Fibonacci extension of wave 4. We are now in a correction and may revisit two important overlapping areas: 1) the 100-161.8% Fibonacci extension of the 3 waves down from the peak at 50's, and 2) the 50-60% retracement from the October lows. Buying the dips in these areas offers a potential swing trading opportunity. We will buy at 31.60 with SL at 23. The highited areas should offer at least a bounce where we will create a risk free position. Minimum target for the upside is 70-100 area.
COINBASE:AVAXUSDLong
by AlmaClub
Trailing Stops on AVAX and the Donchian ChannelHere is what a 7.4% Trailing Stop would look like on these AVAX runs. Seems pretty satisfactory, but I guess that is for you to decide! Why 7.4? Well, the profit takes would be a bitttt better than 7.5 it seems. Play around with it for yourself and see! This indicator is straight-forward and useful. A great idea. Give thanks to KivancOzbilgic (I cant post links yet! Sorry!) The blue is NOT Bollinger Bands! It is a Donchian Channel (The following is ChatGPT because I am lazy:) Donchian Channels: Construction: Formed by taking the highest high and the lowest low of the last 'N' periods. The area between the high and the low forms the channel. Use: Primarily used to identify breakout levels. When the price breaks through the top or bottom of the channel, it may indicate a continuation or reversal of the current trend. Bollinger Bands: Construction: Consist of a middle band being a moving average (usually 20-period) and two outer bands at a standard deviation above and below the middle band. Use: Used to measure market volatility and identify "overbought" or "oversold" conditions. When prices move close to the upper band, the market may be considered overbought, and when they move close to the lower band, it may be considered oversold.
BINANCE:AVAXUSD
by Jackaryyy
AVAX to $72? BINANCE:AVAXUSD AVAX is flirting with the VWAP like it's the last dance at prom, eyeing that $72 corsage. The chart's a mixtape of peaks and troughs, and right now, AVAX's tune is climbing the charts. Will it hit that high note? The VWAP's red carpet might just lead to a VIP party at $72-ville. Keep an eye out, though; the crypto market's known to crash the party without warning."Always keep in mind, the path to $72 is more of a tango with the market's whims than a guaranteed moonwalk. Happy trading!
BINANCE:AVAXUSDLong
by wheelsrc
2
AVAX Price Eyes $55 With The $40 Breakout Rally!Bullish Breakout at $40: AVAX price demonstrates a strong bullish trend with an impressive 89% rally in two weeks, breaking past the crucial $40 level. Fibonacci Retracement Level in Focus: Avalanche's market price is eyeing the significant 38.20% Fibonacci retracement level at $54.59. Weekly Chart Analysis: AVAX's recovery rally in the weekly chart marks a trend reversal, indicated by bullish engulfing candles. Avalanche Network's Robust Growth: Data from DefiLlama highlights a recovery in the Avalanche network, with increases in total value locked (TVL), active addresses, and inflows. Continuing Recovery: Despite a minor pullback in the 4-hour chart, AVAX maintains its upward trajectory, trading at $41.44 with an intraday growth of 4.52%. Swing-High Breakout: AVAX's price action suggests a bullish attempt to push the rally further, potentially skyrocketing above the $55 mark. Technical Indicators - RSI: The Relative Strength Index (RSI) indicates a temporary pause in the overbought zone, but a resurgence is likely. Potential to Cross $50: AVAX shows active bullish sentiment, with a high possibility of surpassing the $50 level, particularly if the broader market improves. Avalanche's Ecosystem Prospects: With the network ending 2023 on a high note and set for potential growth in 2024, there's optimism surrounding AVAX. Critical Levels to Watch: The $55.49 mark stands as a significant target, with the potential retest of the $40 breakout level in case of a supply increase.
BINANCE:AVAXUSDLong
by Coinpedia-Market-Insight
AVAXUSD $55.00 is on the cards but then expect correction.Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever: This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a February 08 2021 type High, is expected (target = $55.00) but then most likely the market will correct back to the 1W MA50 (blue trend-line). After that, our long-term target will be 105.00 (Resistance 1). ------------------------------------------------------------------------------- ** 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