AVAXUSD trade ideas
If you missed SOLANA dont miss this one !Hi guys
Cryptoanteger here !
About me
I hate social media and a deeply introverted guy with interest in numbers , astrology , mystical sciences, numerology etc.
I come rarely out of my shell and the purpose of this TA is to help you make money .
I bought SOL at 20 $ and have been riding it till recently .
SOL is good hold and will make you money but AVAX will make you more money as it hasnt travelled its 3rd wave the longest wave in Elliot wave theory .
I analyse both TIME and PRICE - so my TA is different from the rest of the crowd .
Prediction :
DATE : 15th March
PRICE : 30$ for AVAX
Allow 10 % tolerance on both time and price
Thanks
CryptoAnteger
Avalanche: In the Mood for More!February has been very positive for the AVAX price so far. In the next step, the altcoin should establish the high of the magenta wave near the resistance at $56.43. Thus, the latest bearish pressure should be conquered soon in favor of new upward momentum. As part of our primary scenario, the upcoming wave high should initially be followed by a sell-off until the low of the turquoise wave 2 is settled. However, there is a fairly high 40% chance for a clear breakout above the mentioned resistance. In this case, the turquoise wave alt.2 would have already been finished.
Ascending Triangle on Avalance: Bull or Bear?There is a formation of a bullish pattern on BINANCE:AVAXUSDT , and it looks so pretty enough for the bulls.
However, there will be an unlock event on the 21st of February, this may present an opportunity to buy Avax before it leaves the train station.
I am going to make a purchase here, then I will DCA when I see it at a cheaper price.
May the bulls be with you.
This is my analysis, if you have a contrary idea, feel free to share it with me in the comment box.
If this analysis makes sense to you, follow me now and support my idea.
Cheers!
AVAX Serious Bullish DivergenceA lot of charts are starting to show some bullish signs and AVAX appears to be one of them.
This is a daily chart and money flow is DEEP in the red with seriously heavy divergence forming on the wave trend oscillator.
Current trading plan is a long entry with a 1-4% stop loss area. First target is the immediate local unbroken high at 9.60 approximately 10% higher than the current price.
Second target will be a 50% retrace from swing high to swing low into a previous fair value gap at 11.75 for a 33% gain.
Trade Well.......
AVAX - correction may have endedAVAX correction may have ended on January 24th. The three legs down bounced from both the 50%-61.8% retracement of the move from the lows and into the 61.8-78.6% Fibonacci extension related to the XWY correction. These conditions suggest that wave 2 in yellow may have already completed. A possible trade would be to buy a pullback intoto the 50/60% retracement against the 27.15 lows. However, a double correction into the 20s area is still a possibility.
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 36.72 resistance level. Only the downward break of 34.37 would cancel the bullish scenario.
Trade details
Entry: 36.72
Stop loss: 34.37
Take profit 1: 38.17
Take profit 2: 40.51
Score: 7
Strategy: Bullish breakout
Avalanche is a good long term investmentAvalanche looks to be in a downtrend, but in this trend it still has a target to go up to the 45usd region, which is 30% up from today. From there, a break-out can be virtually limitless. Under perfect market circumstances, like in a bullrun which many analists will take place later this year, I won't be too surprised when it reaches above 500 or even 1000. Though, it can also take 5 years to break through the magical 1000 border, say in the next bull-run in 5 years.
Avalanche has 2 main advances over other crypto projects. The fundamentals are amazing, for instance it is a very flexible, fast network, and still more safe then BTC or ETH blockchains. It is compatible with the EVM so companies that use the Ethereum blockchain can move easily to Avalanche. Furthermore, the maximum supply cap of 720 million is relatively low, so there will a certain scarcity for this coin, which tends to drive the price up. Low maximum supply cap is the best tool against minimal deflation, which makes the coin a good option for investors in the long term.
Avalanche (AVAX) - Rounding Bottom & RetestAvalanche is looking ready to move higher after a rounding bottom formation.
It broke out and now has retested the neckline and formed a semi decent hammer reversal.
Avalanche as many of you would be aware has got one of the highest transaction speed compared to the likes of Ethereum and Polkadot.
I would no way claim to be an expert on blockchain but from what I have read, AVAX is deemed to have a lot of potential.
Stop just below 27
Target would be 60.
AVAX Bounce back Eyes $50 With This ReversalBullish Bounce Back: AVAX showcases a promising recovery within a falling channel, hinting at a breakout potential.
Rejection Candle Signals: The presence of a lower price rejection candle in AVAX's chart suggests buyers are stepping up for a bullish charge.
Fibonacci Retracement Target: Eyes are set on surpassing the 38.20% Fibonacci level at $54.59, marking a crucial resistance.
Bitcoin's Recoil Impact: AVAX follows Bitcoin's lead, rebounding towards the $40K mark, fueling optimism in the altcoin sector.
Pullback Phase Nearing End: Avalanche seems poised to conclude its pullback, with market sentiments tilting towards a bullish breakout.
Falling Wedge Pattern: The bearish trend of past weeks morphs into a falling wedge, setting the stage for a potential rally.
Support Confluence: The amalgamation of the 50% Fibonacci level and the $30 psychological mark bolsters the bullish outlook.
Intraday Pullback: A minor retracement to $30.5 indicates buyers are gathering strength for an assault on the resistance line.
RSI Indicator: The sideways RSI trajectory near the oversold zone suggests a weakening bear grip, with a potential upward crossover.
Breakout Anticipation: The falling wedge pattern's impending breakout fuels hopes for an upswing, aligning with bullish market predictions.
$50 Milestone Within Reach: If the market's recovery momentum sustains, AVAX could challenge and potentially breach the $50 barrier.
Downside Risk: A slip below the $28 support could push AVAX to reevaluate the $24 level, testing the resilience of the recent recovery.