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AVAX / TETHER Standard Futures

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AVAXUSDT.PS trade ideas

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
💵 AVAXUSDT 🌊 Promising Opportunity 🚀 AVAXUSDT A Promising Opportunity Elliott Wave Counting: On careful examination of the AVAXUSDT chart, an Elliott Wave pattern is evident. Currently, the token appears to be concluding the 4th wave within this structure. Notably, this wave is converging on a substantial support zone, reinforcing the potential significance of this level in the overall price action. Support: So the current market conditions indicate a robust support zone, adding credibility to the completion of the 4th wave. Historical price behavior around this level suggests a historical precedent for a reversal or continuation of the uptrend. Fibonacci Extension Analysis: Integrating Fibonacci extensions into the analysis enhances the precision of our predictions. The 5th wave is highlighted on the chart, and it aligns with the 1.618 Fibonacci extension level . This confluence adds a layer of confirmation to the strength of the upcoming move. Buy and Hold: Considering the completion of the 4th wave, the historical significance of the support zone, and the alignment of the 5th wave with the 1.618 Fibonacci extension, there's a compelling case for a buy and hold strategy. This strategy is bolstered by the potential for a sustained bullish move in the upcoming phases. Technical analysis of AVAX signals a favorable opportunity for traders and investors. The convergence of Elliott Wave patterns, strong support zones, and Fibonacci extensions at the 5th wave point collectively present a compelling case for a bullish stance.
Long
by sentello88
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 Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
AVAX potential downside to $35My MACD-VWAP indicator signaling potential downside for AVAX to $35 in the coming weeks. My next buy the dip zones are 35 dollars and if we break that with volume, the next downside target is 28 dollars. While in the long run I'm bullish on AVAX, in the near term we may pull back to 28-35 zone that is health for continuation of the longer term bullish structure. For a limited time I will give free access to my indicator that has been catching winning trades. DM me to request access. Read the rules of the the trading system below.
by CryptoBreakers
AVAX/USDT All targets achieved 😎 95.55% ✅🚀Binance Futures, KuCoin Futures, OKX Futures #AVAX/USDT All take-profit targets achieved 😎 Profit: 95.55% 📈 Period: 13 Hours 45 Minutes ⏰ Explore potential profits with AVAXUSDT! Current trends and indicators hint at a lucrative scalping opportunity, with a projected 95.55% profit potential. Stay tuned for real-time insights as AVAXUSDT gears up for a promising future in scalping trades. 🚀 #AVAXUSDT #ScalpingOpportunity
Long
by SafeCryptoSignals
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and 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. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
✴️ Avalanche | Long-Term Support Will Lead To Long-Term Growth Avalanche growth potential is huge, the 700% mapped on this chart can happen medium-term... I still have to see it to believe it though. Let's get into chart analysis... Please allow me to share with you what I see. Notice the gray space/line at the bottom of the chart, this marks the support level AVAXUSDT established back in mid-2021. There's additional data before it but it isn't relevant for this analysis, the main signal we will look at. This long-term, strong support level is tested in September and October 2023. ➖ AVAXUSDT briefly moves below it just to recover. ➖ The recovery is a very strong bullish signal. ✔️ As long as AVAXUSDT trades above 9.30, we can expect massive growth. ✔️ If it moves back below, then there can be additional correction before any major bullish action. Notice how volume rises above this level and this week is the fourth green session. It will be interesting to see the final results... How far up it goes and the All-Time High of course. 2024 Will be a very interesting year... Imagine all the positive news that needs to develop around Cryptocurrency to support what we are seeing on these charts. Namaste.
Long
by AlanSantana
12