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AVAX / TetherUS PERPETUAL CONTRACT

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AVAXUSDT.P trade ideas

Avalanche Lower High Confirmed | Marketwide Signal➖ This is a regular ABC correction: The top of wave b is lower than the start of wave a. ➖ In the irregular ABC correction, the top of wave b is higher than the start of wave a. On the 15th of February, Avalanche (AVAXUSDT) produced a lower high compared to 24-December 2023. This is true for many, many Altcoins. Some Altcoins though such as Binance Coin did not produce a lower high and instead are peaking just now —Feb. 2024. Bitcoin, as the top Crypto, went on to produce a higher high in February but this higher high is simply wave b of an ABC correction, the irregular kind of type. The market has been in a bearish phase for months. It isn't evident on all the charts for obvious reasons but, the majority of the Altcoins peaked in November-December 2023. Only a few peaked this year, 2024. The bearish bias here confirms that a correction is coming to Bitcoin; because we are all one and the same. What one does, the rest follow. Already shared we have: ➖ Polygon (MATICUSDT); ABC. ➖ Dogecoin (DOGEUSDT); ABC. ➖ Aptos (APTUSDT); ABC. ➖ Cardano (ADAUSDT); ABC. ➖ Solana (SOLUSDT); ABC. ➖ ETC. Ethereum is the #1 Altcoin; The second Cryptocurrency by market-capitalization. Many people have their eyes on Bitcoin and Ethereum and thus the market bias won't be easily detected on these charts. Ethereum also continued moving rather than peak early on. One caveat though, it is still moving but also because it lagged behind in 2023. Bottom line is this: The Cryptocurrency market is already bearish, technically speaking. I am sharing this information with my dear supporters in mind, so that you can go ahead and prepare (take profits). The market moves in waves... After strong bullish action, a correction takes place. I will share more Altcoins to reinforce my point. You can visit the related ideas below for more. Namaste.
Short
by AlanSantana
8
Buy Signal for AVAXUSDTAnalysis: RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum. MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias. Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point. Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3. Trade Plan: Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD. Take Profit: TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile. TP2: Place the second take-profit level at the next zone of higher volume in the volume profile. TP3: Target the third take-profit level at the subsequent zone of higher volume. Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk. Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly. Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
Long
by ispatialresources
AVAX heads up at $43: Break could run to $69 or reject to $20This is a follow up to my post linked below. AVAX broke out of range and ran to major resistance. At a Genesis (from birth) Golden fib plus local Golden. This could end this particular wave, or break and run. Drag the PRICE scale DOWN to see other zones above. $ 43 is the immediate resistance then $49 per last high. $ 69 above is the next Golden fib (sister of this one at 43). Previous analysis looking for break out: ===============================================================================================
by EuroMotif
Trading Analysis for AVAX/USDT Certainly! Here's the analysis translated into English: It seems that you have made a decision based on a technical analysis of the AVAX/USDT chart. You mentioned that the price has broken an important zone and is currently testing the zone between 38.9 and 39.6. In this scenario, you have decided to take a selling position, with a profit target set at 33.17. Here are some elements you could include in your analysis: Identification of the critical zone: Describe the zone you consider important, explaining perhaps the technical or fundamental reasons that make this zone significant. Breakout of the zone: Specify how the price managed to break this critical zone. This could include technical indicators, support and resistance levels, or other relevant factors. Testing the zone: Explain why the current test in the 38.9 to 39.6 zone is important. Has the price bounced off this zone in the past? Are there candlestick patterns or other technical signals confirming the validity of this zone? Selling position: Explain why you chose to take a selling position. This could include specific signals from your technical analysis or reversal patterns. Profit target: Explain why you set your profit target at 33.17. This could be based on previous support levels, Fibonacci ratios, or other technical factors. Risk management: Make sure to mention how you will manage the risks associated with your position. This may include using stop-loss orders to limit losses. Finally, remember to advise traders that this is a personal analysis and that financial markets involve risks. Good luck with your trade!
Short
by CRYPTO_SETUP
1
🏔️💰 Avalanche (AVAX) Weekend Analysis📉 Technical Overview: Support Test: AVAX tested the bottom of the range resistance level at approximately $38.50. Support Level: $38.50 now functioning as a support level. Plan: Consider entering a spot long trade if there is another test of the support level. 💡 Profit-Taking Strategy: Target Resistance: Aim to target the next resistance area between $50.00 and $52.50. Stop-Loss Placement: Well-defined stop-loss set just below the minor support level at $36.00. Risk Management: Protect the trade from significant downturns and keep losses within acceptable limits. 🔄💼 Note: Stay vigilant for potential developments that might impact AVAX's price movement. 📈💡 #Avalanche #AVAX #TechnicalAnalysis 💻📊
Long
by Richtv_official
1
AVAX/USDT Bullish Channel In H4A chart of the AVAX/USDT currency pair on a 4-hour timeframe. The chart displays a Bullish channel pattern. Bullish Channel : The Price has been Trading within a Bullish Channel for Some time, characterized by a resistance line at the top and a support line at the bottom. The price is currently trading at Bottom of channel pattern, if Breaks the Downside then it start Bearish Sign. However, it is still early to say whether this is a genuine breakout or a false signal. Recent News: Music industry eyes DeeStream presale after Ethereum and Avalanche whales join: This news suggests potential increased interest in the Avalanche network from institutional investors, which could be positive for AVAX price. Thank you.
Long
by KABHI_FOREX_TRADING
1
AVAXUSDT.1DBased on the given market data, the AVAX/USDT pair is currently trading at $40.50. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.54, 57.72, and 74.0 respectively, indicating a neutral trend in the short term (4h) and slightly bullish trend in the medium (1d) and long term (7d). The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.11, 1.60, and 6.32 respectively. The negative MACD in the short term could indicate a potential bearish reversal, while the positive MACD in the medium and long term suggests a bullish trend. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 43.79, 43.57, and 52.14 respectively. The current price is below the middle band in all three time frames, indicating a bearish bias. The support levels for 4 hours, 1 day, and 7 days are $38.18, $37.50, and $27.82 respectively, while the resistance levels are $44.0, $44.0, and $49.60 respectively. If the price breaks the resistance, it could move towards the next resistance levels. Conversely, if the price breaks the support, it could move towards the next support levels. In my opinion, the AVAX/USDT pair is currently in a slightly bullish trend in the medium and long term, but with some potential bearish reversal in the short term. Traders should watch the support and resistance levels closely, and consider the RSI and MACD indicators to make informed decisions. As always, it's important to consider other factors such as market news and overall market conditions before making any trading decisions.
by MarsSignals
3