$AVAX in this week or soMost of this analysis is based of FVG , The Fair Value Gap gives you a story in which you are the narrator and bias.
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AVAXUSDT.P trade ideas
AVALANCHE - Short Trade For Wave E of Wave (B)....This brief video about one of my current trades is predicated on the notion that we're currently in a Wave (B) within a Wave D, anticipating a substantial Wave E correction to the downside. My stop level stands at 39.50 currently, with an expectation of a descent to at least 37.67. However, I'm inclined to think it could potentially decline even further, as indicated in the video.
AVAX BULLISH MOMENTUM!!!Avalanche is an open-source blockchain ecosystem created for building decentralized applications that are interoperable and highly scalable.
It has a unique powerful consensus mechanism, and it’s capable of processing up to 4,500 transactions per second.
The speed of transactions makes it near instant and enables it to undertake financial transactions on a global scale.
The Avalanche blockchain was created and developed AVA Labs, which was founded by Emin Gun Sirer
The unique capabilities of the blockchain captured interest and it raised $42 million in its ICO in July 2020.
AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).
I expect AVAX to rise to $65.
Hello everyone!
#AVAX has established itself above the 0.5 Fibonacci level amid market growth. I anticipate further movement in the near future towards $65.
All targets are on the chart.
This is not financial advice, everything you do is at your own risk!
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AVAX/USDT - Avalanche: Trend Reversal◳◱ On the $AVAX/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 37.55 | 40.22 | 45.52 and support near 32.25 | 29.62 | 24.32. Entering trades at 35.29 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Avalanche
▣ Rank: 10
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
◰◲ Technical Metrics :
▣ Mrkt Price: 35.29 ₮
▣ 24HVol: 97,441,798.042 ₮
▣ 24H Chng: 2.796%
▣ 7-Days Chng: 4.15%
▣ 1-Month Chng: 1.68%
▣ 3-Months Chng: 139.28%
◲◰ Pivot Points - Levels :
◥ Resistance: 37.55 | 40.22 | 45.52
◢ Support: 32.25 | 29.62 | 24.32
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.92
▣ Last 90D: 3.90
▣ Last 1-Y: 1.04
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.89
▣ Last 90D: 1.17
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.29
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.27 - V. Bearish
▣ In-depth AVAXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
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#AVAXUSDT > 1HHere as we are in a beginning of Up-Trend but its preparing for the retest first, thats why we have to manage our Risk/SL carefully.
Drop your ideas in the comment.
AVAX: Bullish Trend Continues Amid Correction Phase💎AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).
💎The formation of this bullish candle from the OB increases the probability of a bullish movement towards the next supply area around 37. If the price manages to break above this level, it would signify another BOS formation, potentially providing further bullish opportunities on pullbacks until the next resistance level of 41.73 is reached.
💎On the bearish side, a breakdown below the low level of 32.28 would indicate that bears are still in control of the market. In such a scenario, we could expect further correction towards the next support level around 29.31.
AVAX: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $35 resistance as well. Price could swing up to $40-$43 range near term for a +20% gain. Stop Loss at $32 (just below the last swing low).
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35, then $50.
AVAX ANALYSAvax can drop to around 23-24 dollars in this correction
If there are major changes in the chart... we will update it in the next post.
Please leave your comments below this post to provide better service
AVAXUSDT - Ascending Triangle, waiting to breakout#AVAXUSDT (4H CHART) Technical Analysis Update
AVAXUSDT is forming ascending triangle pattern and it's waiting to breakout the ascending triangle.
If the price momentum continues in the similar manner, we can expect the breakout in next 2-3 days.
We have a strong resistance at 37$ level.
Long Entry level: $ 37.88
Stop loss: below $ 34.75
Target 1: $ 40
Target 2: $ 43.3
Target 3: $ 46.8
Target 4: $ 50
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
⚖️💹 AVAX Trading Strategy 🌐📊📊 Current Market Status:
AVAX consolidating in the $34.00 - $36.20 area of support.
📈 Chart Analysis:
Oversold on the 8-hour chart.
🔄 Trading Strategy:
Spot Long Trade: Initiate a spot long trade in the oversold support area.
Take-Profit Areas: $40.00 - $42.50 and then $50.00 - $53.00.
Stop-Loss: Set just below $30.00.
📣 Conclusion:
Utilize oversold conditions for a potential rebound.
Set take-profit areas and manage risk with a defined stop-loss.
Trade wisely! 📈💡 #AVAX #TradingStrategy #CryptoMarket 🌐📊
AVAX ANALYSIS (4H)From where we entered START, we have entered a correction.
It seems that our correction is a diametric, of course it may be a triangle.
We expect a downward rejection to complete wave E.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AVAXUSDT 1H SHORT POSITION I want to emphasize that I'm not a financial advisor, and it's crucial to exercise caution when making investment decisions. Financial markets, including cryptocurrencies like AVAXUSDT, can be unpredictable and subject to high volatility.
If you're considering a sell position on AVAXUSDT, ensure you conduct thorough research, analyze market trends, and ideally consult with a financial professional. Markets can change rapidly, and it's essential to understand the risks associated with any transaction.
Moreover, don't solely base your decisions on price predictions, as markets can be influenced by various factors, including economic news, global events, and other unforeseen elements.
Remember to implement risk management strategies, such as using stop-loss orders, to protect your investment. Lastly, I encourage you to seek advice from financial professionals before making significant investment decisions.
AVAX heads up at $36.85: key fib resistance, maybe "lower high"AVAX is approaching a Genesis fib level at $36.85.
That major fib is backed with a local fib at $36.98.
So we watch $37 closely, for clues to the next move.
Rejection here could mark a new "lower high".
But a break should jump to red zone at 42.99-44.75.
So a break of $37 will be key to uptrend continuation.
Here is the full plot of AVAX Genesis Fib:
See the "related ideas" below for more info about my methodology.
AVAXUSDTHI guys
You can short the position after break White Line and You can long after break Yellow line.
THE PRICE are on the charts.
AVAXUSDT - 1HIn the one-hour time frame, the trend of price movement is upward, if the price manages to break its range and stabilize above the range of 36.5 units, there is a possibility of price increase up to the range of 37.3, and in case of strength, there is a range of 38.0 units.
Otherwise, the price may drop to the range of 34.6 units.
AVAX/USDT DOUBLE TOPThe price created double top pattern at discount area, and we can see price rejection occurring. it is possible that prices will decline again
Happy trading guys!
AVAX: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $35 resistance as well. Price could swing up to $40-$43 range near term for a +20% gain. Stop Loss at $32 (just below the last swing low).
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35, which it broke, then $50.
AVAX inteligentassetOn daily time frame avax in bearish trend make lower low's and lower high's
bullish scenario
resistance 38.26, 41.8, 50 pivot high,
56.5
bearish scenario
supports 33.8 in 50 ema, 30.5, 27.2 pivot low, 25.3 in 800 ema
long AVAXThe bull flag pattern has formed on AVAX chart. After the upper boundary of the flag has been broken to the upside, a bullish trend is expected to continue and reach the resistance at 50$
Avalanche(AVAX): Waiting For Breakdown! We are monitoring AVAX coin here after seeing a nice rejection take place.
Long story short, we are looking for a breakdown of that 100EMA zone, which is also acting as a smaller support zone for now.
Upon breaking this zone, we might see a nice fall of almost 35% take place, so definitely keep an eye on this one!
Swallow Team
