AVAXUSDT.PS trade ideas
The Avalanche Price Is at Risk of Losing Key SupportBINANCE:AVAXUSDT is retesting the lower barrier of a medium-term positive price channel that had formed on its daily chart over the past few weeks. This specific channel saw AVAX’s value rise from a low of $12.29 on Nov. 7 to a high of $48.27 on Dec. 23. Since reaching this peak, traders have started offloading their holdings in the cryptocurrency.
This wave of sell pressure resulted in the formation of a bearish descending triangle on AVAX’s daily chart. Should this pattern be validated, the Avalanche price may drop below the base of the triangle pattern, which is situated at $37.15. A break below this significant price point may then be followed by the cryptocurrency’s value falling to the subsequent support level at $27 in the coming few days.
This bearish thesis could be invalidated if the Avalanche price is able to close the next 2 daily candles above $37.15. In this alternative scenario, the crypto could enter into a short-term bullish move towards the $52.60 resistance level.
Technicals Suggest AVAX’s Correction Is Not Over Yet
Technical indicators on AVAX’s daily chart suggested that AVAX’s negative trend may continue in the upcoming 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators support a bearish outlook.
The MACD line is breaking away below the MACD Signal line. In addition to this, the slope of the MACD Histogram is negative. These two technical flags are generally indicative of a continuation of a bearish trend. Sellers also seem to have the upper hand against buyers, as the RSI line is positioned below the RSI Simple Moving Average (SMA) line.
AvaxusdtEverything will be interesting.
Nothing is over, it's just the beginning. The targets I want are 44-48-50-66-80 dollars, the green market will just start.
AVAXUSDT - CRYPTO TIPWelcome to my TradingView profile! In this article, we will embark on a journey together to explore the intriguing prospects of AVAXUSDT, guided by the fundamental principles of market structure and Fibonacci retracement. I invite you to join me in analyzing one of the most traded currency pairs.
Our primary instruments will be market structure, the identification of the trend direction, and the application of Fibonacci levels. We will delve into how these factors can provide meaningful insights for making informed trading decisions.
he inclusion of detailed charts and illustrations will aid in visualizing the discussed concepts. We will explore key Fibonacci retracement levels and how they interact with the overall market structure.
This will be an informative article, focusing on understanding the market context and applying fundamental concepts of technical analysis. The goal is to provide a clear perspective and stimulate critical thinking within our trading community.
If you find this analysis valuable, I encourage you to subscribe to stay updated on my latest posts and market analyses. This is just the beginning, and subscribing will allow you to be among the first to receive updates and trading ideas.
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AVAXUSDT LONG POSITIONCrypto Currency: AVAXUSDT
LONG position
Entry : live
Sl : 36.32
Tp1 : 49.96
Tp2 it's on you
R/R ~ 3.55
#B27
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 $34-38 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 > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
AVAX 1H The descending channel is formed in the one-hour time frame
Currently, the short-term trend is downward
Because the market has an upward trend, it is better to wait until we see upward signals from the chart and enter the long trade.
Breaking the trend line or descending channel is one of these signals.
Happy New Year and be profitable
Avax Final Leg UPLonging Avax at 46.8-47.3 from here.
I believe next leg up to 54-55 is coming and i think that will be the final one.
Wil cut if it stays below 46.3.
Note: Not a Financial Advice.
Avax Next Leg UpAvax is playing out these very technical patterns to perfection. Go Long and hold on for ATH
AVAX: Overbought at ResistanceTrade setup : Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) 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 $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Avaxusdt ... Tecnicall analysis Can Avax continue to grow? The answer is yes, because according to Fibonacci we are now halfway up and I expect more growth to the mentioned areas.
AVAXUSD Bullish long term AVAX recently broke out of a big resistance level and is currently looking bullish long term. Looking for a move towards the 50's
AVAXUSDT LONG TRADE IDEA 24-12-2023.AVAXUSDT is printing a CUP&HANDLE Pattern.
ENTRY: 46.171
SL: 44.927
TP-1: 47.321
TP-2: 48.989
AVAXUSDT - LONG Setup!!AVAXUSDT (1D Chart) Technical analysis
AVAXUSDT (1D Chart) Currently trading at $11.3
Buy level: Above $11.2
Stop loss: Below $9.5
TP1: $12.5
TP2: $15
TP3: $18
TP4: $22
Max Leverage 2x
Always keep Stop loss
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#AVAX mid range downstream !!Hi..
as u may see the idea #AVAX touched the 49$ as a fixed price ! the hi-sell pressure made it to 44 level !!
by the time passes every time price falls to the 200 Moving Average(the yellow line) the buyers tempt to buy to maintain the price as it should !!
So ... the buyers seems has more power than the sellers in at least 25 days !!!
this is a personal idea , could be happend or couldnt !!
AVAX USDT PUMPGiven the formation of a new cloud, one could expect a significant price pump in AVAXUSDT, potentially exceeding $300 in the past year.
AVAX to Supply AreaAs long as BTC holds 40500 i am long on this and few more alts.
Probably can bounce to highs and new highs from here..
DCAing longs from here. 38.800 and below.
Note: Not a Financial Advice.
Avax ready for take off! T-minus 10 secsLoad up da bag
Load da bag.
You can read charts, just using price action here. No explanation needed
Load da bags lol
What are you waiting for??
Don't be exit liquidity FOMOing at the top
Load da bags :)
AVAX "Unlocking Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis of AVAX**
**Overview**
Avalanche (AVAX) is a Layer 1 blockchain platform that offers high scalability, low transaction fees, and a wide range of applications. It is one of the most promising blockchain projects in the world, and its native token, AVAX, has seen significant growth in recent months.
**Key Features**
* **High Scalability:** Avalanche can process thousands of transactions per second, making it one of the most scalable blockchains in the world.
* **Low Transaction Fees:** Avalanche transactions are significantly cheaper than transactions on other blockchains, such as Ethereum.
* **Efficient Governance:** Avalanche's governance system is designed to be efficient and democratic.
* **Wide Range of Applications:** Avalanche supports a wide range of applications, including DeFi, NFTs, and gaming.
**Recent News**
* **Avalanche Foundation Grants $250 Million to Support Web3 Development:** The Avalanche Foundation announced a $250 million grant program to support the development of Web3 applications on Avalanche.
* **Avalanche Integrates with Chainlink Price Oracles:** Avalanche has integrated with Chainlink price oracles, which will provide more accurate and reliable prices for Avalanche-based applications.
* **Avalanche Successfully Deploys Stargate Upgrade:** Avalanche successfully deployed the Stargate upgrade, which introduces a number of new features, including subnets and cross-chain compatibility.
**Disclaimer**
Please note that I am not a financial advisor and this is not financial advice. Investing in cryptocurrency is risky and you could lose money. Do your own research before investing.
AVAX 1HJust a prediction, please re-analyze if you want to open position.
OP: 43.385-42.985
TP: 46.295 / 46.760 / 47.425
SL: 42.020
AVAX Intalligent Asset4 hours timeframe
The last day supported on 50 ema at 38.26
bullish scenario
The W pattern breakout of the local high in 45.22 will set a technical target to 56.5
bearish scenario
Breaking of a horizontal trend line with an 50 ema at 38.26 will lead to 200 ema consolidation with a horizontal trend line at 30.5
