RStrenderMoney maker. This is called money maker which provides the proper sell and buy signal according to the price action.
AVAXUSDT.P trade ideas
AVAX → Avalanche About to Reverse!? Or Continue to the Upside?Avalanche has been roaring through a nice curving bull channel until the top of the third push at $42.75! A nice sell signal formed on yesterdays daily candle, now we need to see how today closes to make our next move.
How do we trade this? 🤔
Avalanche had its third push up in the bull channel, a typical number of legs before the trend changes into a trading range or reverses. Given Bitcoins recent sell-off at a key resistance level, I believe it will drag AVAX down with it. AVAX has a sell signal on yesterdays candle and if today closes with a strong bear candle, we're likely looking at putting in some more lows. The RSI is also over 75.00 and below the moving average, all supporting at least a short-term bearish sentiment.
We need follow-through! Yesterdays signal is not enough justification to enter a short. It's best to wait for the price to fall to the 30EMA and see what happens there. If we get a bounce then another rejection to the downside, we'll have a head and shoulders reversal pattern on our hands at which time, a short will be justified.
💡 Trade Idea 💡
Short Entry: $26.00
🟥 Stop Loss: $32.00
✅ Take Profit: $14.00
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long!
2. Three Pushes up in Trend with Sell signal, Signal to Change Trend.
3. Gap to Second Push Support Line.
4. RSI at 75.00 and below Moving Average, Bias to Short
5. Wait for Short Confirmation at potential Right Shoulder.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
AVAX possible bullish wave AVAX / USDT 4H
Since start of the bullish wave in October, price didn’t lose the EMA100 which acted as dynamic support, price touched it few hours ago and got bounced
Also #AVAX has broke bullish pennant
Looks bullish in short term
Invalidation : if lost the EMA it can drop to next support which located around 17$
Avalanche (AVAX) posts triple-digit monthly gainAvalanche’s market cap has grown by 340% since October, and AVAX price has followed.
The latest rally has seen Avalanche’s total market value grow more from $3.25 billion when the recovery started in mid-October to the current value of $14.35 billion. This represents an increase of over $341% in just two months.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
AVAX LOOKS BEARISHBy hitting the red lines, which are daily supply, the price has turned downwards and a bear CH has been formed and the trend line has been broken. It is expected that after a little fluctuation and the efforts of buyers, the price will move towards the specified target
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
✴️ Avalanche Set To Drop Followed By More GREENThe RSI peaked 12-November for AVAXUSDT (Avalanche). The next high produced the first bearish signal in the form of a bearish divergence with the RSI.
➖ AVAXUSDT hit a very strong new high (higher high) while the RSI hit a lower high yesterday.
Volume has been dropping since mid-November.
Today volume is really high but obviously red. If the day were to close green and a new high, it can signal additional growth but this is unlikely, seeing that the entire market is already in correction mode.
➖ It is still early, but caution is advised at this point .
In the short-term or medium-term, a correction can develop and this is normal and when we compare it to late September we will most likely get a higher low. Which means that the bullish trend, bias, long-term remains intact.
And so, this pair can enter a correction and then continue growing for years to come.
👉 We will have a massive bull-market next year, 2024, and beyond.
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AVAX: Resistance BreakoutAvalanche (AVAX) technical analysis:
Trade setup : Bullish break above $25 signaled continuation of uptrend and price has surpassed our target of $35 near-term. However, price is now very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $25 (previous resistance), then $20. The nearest Resistance Zone is $35, which it broke, then $50.
AVAX/USDT Bracing for a Bullish Journey?👀 🚀Avax Today Analysis💎 Yello paradisers, spotlight on #AVAXUSDT as it unfolds a compelling narrative in the crypto trading landscape. Nestled within a demand zone and having recently executed a Market Structure Shift (MSS), it is showing strong signs of a potential bullish uptrend.
💎 Delving into #Avalanche's market trajectory reveals a pattern of strategic moves. AVAX has a history of meticulously following a descending trendline, only to break above it, ushering in upward movements.
💎 Presently, CRYPTOCAP:AVAX is poised to challenge a notable Bearish Order Block (OB), with its recent MSS trajectory adding credence to bullish prospects. Moreover, a deep dive into its performance shows it sustaining robust momentum above the EMA100, hinting that if this upward trend continues, targets at $31.13 and $41.34 supply levels may well be within reach.
💎 However, in the fluid crypto market, #AVAX traders should be prepared for varying outcomes. If the expected bullish breakout falters, a rebound strategy from the support level of $19.59 becomes essential.
💎 A drop below this support level would necessitate a strategy shift, indicating a need to reassess the bullish outlook and adapt trading strategies accordingly. 🌴💰
Avax Bullish pennantTrying out this new chart patterns indicator, making our life much easier.
Seems like it caught a pretty accurate bullish pennant on the 12h chart and also showing the target.
Technical indicators also support bullish momentum.
Lets go AVAX!
AVAXUSDTHELLO TRADERS,
As we can see that after a long bearish trend now we can expect a bullish move from here, open a trade position as per chart plan.
AVAXUSDT.P perfomance in 2023 till DecemberLooking back at 2023. Although the cryptocurrency market is in a difficult process. But there has been some pretty good growth recently. This is the backtest result from the beginning of the year until now of AVAX perp (AVAXUSDT). It can be automated.
avaxSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
AVAX 32-42 possibleAvax had been completed its impulsive waves(1-5) at "147"
Recently Avax just completed the last 5th wave of corrective wave "A"
Upward Impulsive Wave "B" incoming in form of "ABC"
Everything is mentioned on the chart
NFA
DYOR
press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis
AVAX Avalanche: Scaling the Crypto TerrainHey Crypto Warriors! 👋 The FXProfessor here, exploring the exhilarating peaks of AVAX Avalanche. Let's dissect its current momentum and plot our course through this dynamic crypto landscape!
AVAX Avalanche's Market Dynamics:
📈 Experiencing Robust Growth: AVAX is not just climbing – it's soaring.
🎯 On the Radar: Aiming for pivotal targets as AVAX continues its ascent.
Key Support and Resistance Levels:
🛑 Solid Support: Watch out for crucial support levels that bolster confidence.
🧗♂️ Climbing to New Peaks: Breaking certain thresholds could signal a rally to new heights.
Strategic Outlook:
📊 Navigating through AVAX’s volatile landscape requires a keen eye and a steady hand.
⚡ Every step counts – whether it's a cautious hold or a strategic trade.
Long-Term Potential:
🌌 Exploring the potential for significant gains as AVAX challenges its limits.
🔭 Keeping a close watch on its trajectory towards ambitious long-term goals.
Trading Approach:
🌟 Patience and thorough analysis are crucial in harnessing AVAX's potential.
📝 Stay adaptive to its dynamic market movements.
FXProfessor's Insights:
🌐 AVAX isn't just another crypto; it's a bold player reshaping the digital asset space.
🔄 Regular updates to come as we track its thrilling journey.
Let's strategize wisely, stay ahead of the curve, and conquer the crypto mountains together!
One Love,
The FXProfessor 💙
ps. be careful not to FOMO.. We follow the market and chart levels
Celebrate the Avalanche's Unstoppable Rise!
It brings me immense pleasure to inform you that Avalanche continues to dominate the crypto space, with its price soaring higher than ever before, effortlessly surpassing the moving average. This remarkable achievement is a testament to the incredible potential and resilience of the Avalanche ecosystem.
Are you ready to ride the wave of success with Avalanche? If so, then consider this idea your invitation to join the Long Avalanche Movement today
Here's why I believe Avalanche is a golden opportunity worth exploring:
1. Unparalleled Performance: Avalanche has consistently outperformed market expectations, demonstrating its strength and stability amidst turbulent times. Its upward trajectory has been extraordinary, instilling confidence and excitement among traders worldwide.
2. Innovative Technology: Powered by Avalanche's groundbreaking consensus protocol, the platform offers lightning-fast transactions and low fees, making it an attractive choice for both institutional and retail investors. The ecosystem's commitment to innovation and scalability sets it apart from the competition.
3. Growing Adoption: Avalanche's popularity is on the rise, with an increasing number of projects and developers choosing to build on its robust infrastructure. The expanding ecosystem clearly shows the platform's widespread acceptance and potential for long-term growth.
So, how can you get involved and seize this opportunity? Here's your call to action:
1. Research and Educate Yourself: Dive into the world of Avalanche and familiarize yourself with its unique features, use cases, and potential. Understanding the technology and its implications will empower you to make informed investment decisions.
2. Stay Updated: Keep a close eye on Avalanche's latest news, project updates, and market trends. Follow reputable sources, join the community forums, and engage in discussions to gain valuable insights and stay ahead of the curve.
3. Take Action: When you feel confident and ready, consider adding Avalanche to your investment portfolio. Whether you're a seasoned trader or a beginner, there are various avenues available to participate in the Avalanche ecosystem, including spot trading, staking, and yield farming.
So, what are you waiting for? Join the Long Avalanche Movement.
Call me crazy bull flag on avaxCall me crazy, but I think Avax has what it takes to ignore this BTC dump. The community is pumping their own bags and people are starting to realize it really is one of the best ecosystems. If you have followed along I have charted avax for a while momentum style, and a few select projects in the ecosystem. AVAX has surpassed my expectations this run. I think it takes a shot at 45$ sooner than people think.
AVAX Could Pull Back to $27 as Bulls Exit Its ChartsA bearish rising wedge pattern has emerged on the BINANCE:AVAXUSDT daily chart, which suggests that its price may undergo a correction soon. This pattern formed after the altcoin’s price was rejected by the $37.15 resistance level over the past 24 hours. Should AVAX fail to close a daily candle above this key price point within the next 48 hours, it may be at risk of falling to the immediate support level at $27. Thereafter, continued sell pressure may lead to the cryptocurrency’s value falling to as low as $20.15 in the short term.
This bearish thesis could be invalidated if AVAX closes a trading session above $37.15 in the next 2 days. In this more bullish scenario, the altcoin’s price could climb to as high as $52.60 through the course of the following few days.
The daily Relative Strength Index (RSI) indicator suggested that buyers have started exiting AVAX’s chart. Currently, the RSI line is closing in on the RSI Simple Moving Average (SMA) line, which is normally seen as an early signal of a bearish trend reversal.
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Brief Analysis——AVAXIn November, the Inscription and BRC-20 themes became popular in the market. After that, many chains followed Ordi and launched inscriptions on their chains. For example, AVAL, NEAT, POLS, etc. This action brought attention, caused the gas fee on the chain to rise rapidly, and the token price also rose. Benefiting from this, AVAX's performance in December was ahead of most other tokens in the market. So one month after the last report on AVAX was released, let’s check what's going on with AVAX now?
Avalanche is an classic blockchain, but we can see that after many new and interesting narratives emerged this year, Avalanche has not fallen behind. AvaGPT, Stars Arena, Aval and Benqi were hot topics in each cycle. This also reflects the willingness of developers to build dapps on the Avalanche ecosystem.
Before the analysis, we saw that many tokens, including AVAX, had a correction a few hours ago, but we looked at the news from analyst James Seyffart or about the BTC ETF, and there was no bad news about the BTC ETF. On a macro level nothing has changed. We know your concerns.
On the daily level, the ME indicator shows that AVAX is in a bullish trend and the purple wavy area is widening. From the WTA indicator, we can see that the last round of rise was supported by many blue bars representing whales. And the bullish trend ends with the appearance of a destructive candle (shown by the red arrow). After that, although the rise ended, the bears did not strengthen. AVAX remained fluctuating for about 15 days and began a new round of rise. In this round of rise, AVAX has risen faster, but not many whales are involved. This shows that most whales believe that at this point, above 26 is not a good entry point.
In summary, AVAX is a token worth paying attention to as it can create additional Alpha. However, the base of this round of rise is not solid. If destructive candles appear in the subsequent time, then this round of rise may end.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
AVAX good swingersWe had a good buy and sell print for AVAX with long and short positions simultaneously taken. That was a huge volatility. That white line was our target in the short. now let's wait for the price to move above resistance for more longs or below the white line for the shorts. DYOR
🏔️ Avalanche (AVAX) Insights 🚀Avalanche's price has skyrocketed recently, especially in the past few days. However, I anticipate that we might be approaching the end of this upward trend, and a significant correction for Avalanche could be imminent. Looking at the recent price action starting from the low in September, we've completed a Wave 1, followed by a Wave 2 correction, a swift Wave 3 with a quick Wave 4 beside it, and currently, an impulsive Wave 5 in progress.
While a short-term correction might be on the horizon, I still anticipate that even with a shorter correction, Wave 5 will likely conclude, possibly in early 2024. Subsequently, we might see a downturn towards the $25 to $16 range. The exact timing remains to be seen, but it seems like Avalanche's current high levels might not be sustained for much longer. 📉💨
AVAX After the last Successfull trade here is The Next one.**Short Fundamental Analysis of AVAX**
Avalanche (AVAX) is a layer-1 blockchain platform that aims to solve the scalability issues of other blockchains. It is a highly scalable, secure, and versatile platform that can be used for a variety of applications, including Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Web3 applications.
**Recent News**
* **Avalanche Foundation Contributes $20M to Support the Development of DeFi and NFT Projects:** The Avalanche Foundation has announced that it will be contributing $20 million to support the development of DeFi and NFT projects on the Avalanche network. This funding will be used to support projects that are building innovative and sustainable solutions on Avalanche.
* **Avalanche Successfully Integrates with Chainlink Oracles:** Avalanche has successfully integrated with Chainlink oracles, which will allow developers to access real-world data on the Avalanche network. This integration will be a major boost for the development of DeFi applications on Avalanche.
* **Avalanche Network Usage Reaches All-Time High:** The Avalanche network has reached an all-time high of over 1.4 million daily transactions. This is a significant increase from the previous all-time high of 1 million daily transactions, which was set in September 2022.
**Disclaimer**
Please note that this is not financial advice. Always do your own research before investing in any cryptocurrency.
**About Avalanche**
Avalanche is a lightning-fast, scalable, and secure blockchain platform. It is the first blockchain to offer native support for Ethereum Virtual Machine (EVM) applications, which means that developers can easily deploy existing Ethereum applications to Avalanche without any modifications. Avalanche is also home to a thriving DeFi ecosystem, with over $1.3 billion in total value locked (TVL).
**Conclusion**
Avalanche is a promising blockchain platform with a lot of potential. It is a strong contender in the race to become the leading decentralized platform for DeFi, NFTs, and Web3 applications. If you are looking for a high-growth, high-potential cryptocurrency investment, AVAX is worth considering.
