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AVAX / TetherUS PERPETUAL CONTRACT

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AVAXUSDT.P trade ideas

Avalanche PRICE PREDICTION *AVAX*Avax has been surprisingly strong and continues to do so with the latest strong wave. It is likely to break above the $60 level with the last wave. 60 is the minimum and it is possible that it will be higher in reality, but at the moment no one knows what the real level is After that, a bigger correction to make new higher highs. Given the overall state of the crypto market, this is a possible reality Don't forget to support the analysis if you agree. MoralDisciple
Long
by MoralDisciple
2
AVAX/USDT Break the descending channel, Ready for continue up??💎 AVAX's market behavior has recently displayed remarkable dynamism. Currently, AVAX has made a notable breakout from its descending channel pattern and is in the midst of a retesting phase at a pivotal support level. This phase is crucial for AVAX to validate its breakout and continue its ascent towards a significant resistance target. 💎 However, if AVAX struggles during the retesting phase at the support level, exhibiting signs of failure or breakdown, it may indicate a false breakout. This scenario could potentially lead AVAX to revisit the demand area around 31.3, a critical juncture for determining its future trajectory. 💎 Historically, AVAX has demonstrated a strong rebound when reaching the demand zone, suggesting a similar potential response in the current context. 💎 Nonetheless, a lackluster reaction or inability to hold the demand zone could signal bearish trends, possibly leading to a breakdown of this area. Should this occur, AVAX's next directional move could be towards the Bullish OB area, marking a key area for future market movements.
by MyCryptoParadise
AVAX → Avalanche At Resistance! Reversal Time? Let's Answer.Avalanche had one more nudge toward the 2021/2022 resistance level since my last analysis, creating a bearish divergence and setting us up for a short trade. Should we short now? How do we trade this? 🤔 As stated in my last analysis and this one, we need a short signal and confirmation for justification to short AVAX. Our proposed third push up from the previous analysis never rendered a sell signal and has now created a bearish divergence with the RSI. This means the price had a higher high and the RSI a lower high, signaling weakening bulls. This does *not* mean we enter a short now, it's too risky without more price action. We need a strong sell signal and preferably, a break below the channel support and a re-test for resistance. Then short down to the Daily 200EMA at a 1:2 Risk Reward Ratio. It's also reasonable to take half profits at a 1:1 Risk Reward (around $28.00) and swing the remainder at a 1:3 risk reward or until a reversal signal shows itself. 💡 Trade Idea 💡 Short Entry: $34.00 🟥 Stop Loss: $25.00 ✅ Take Profit: $40.00 ⚖️ 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 63.00 and below Moving Average, Divergence. 5. Wait for Short Confirmation bar before entering a position. 💰 Trading Tip 💰 Divergences between price action and the RSI are not strong signals on their own. Combined with three pushes up in a trend, a major resistance area, and a sell signal, renders a higher probability of profit for reversal trading. ⚠️ 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!
Short
by TraderEngineering
Navigating Support and Resistance with Renko ChartsToday we continue our deep dive into support and resistance levels and explore how traders can effectively utilize Renko charts and Donchian channels to identify these price zones. Renko charts, known for their simplicity and ability to filter out market noise, provide a unique perspective on price movement. We'll discuss how Renko charts work and demonstrate their effectiveness in pinpointing support and resistance levels with the help of Donchian channels. Donchian channels are a popular technical analysis tool that maps out the highest highs and lowest lows over a given period. By combining the insights from Renko charts and Donchian channels, traders gain a comprehensive approach to detecting key support and resistance areas in any market condition. Whether you're a novice trader or an experienced professional, we hope this video aids anyone seeking to enhance their ability to define support and resistance for any asset.
Education
by LeafAlgo
1
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low). Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $35, which it broke, then $25. The nearest Resistance Zone is $50.
Long
by altFINS