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AVAXUSDT trade ideas

Avalanche / AVAX analysisThe price of AVAX is $20.7 today with a 24hour trading volume of 400 million dollars and its 95% up since last month Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. Avalanche’s bridge has performed over $60B in transfer recently a key factor in its rapidly growing DeFi ecosystem but now lets look at the price and chart breaking 12 resistance and down-trend was a great opportunity for scalpers to long and make some quick buck. as you see 21-22 is the next resistance and after hitting 21 we had some correction like most asset classes the market waiting for Federal Reserve's first meeting and rate decision of 2023 so be ready for some volatility in crypto. for long term Im bullish on avax avax next targets are 23, 25 and 27
by moonypto
AVAX) Chart Analysis: Potential Bullish Breakout from Wyckoff This analysis examines the Avalanche (AVAX) price chart, specifically focusing on a technical pattern that suggests a possible bullish breakout. Wyckoff Accumulation Schematic: The chart appears to be exhibiting a Wyckoff accumulation schematic. This theory, developed by legendary trader Richard Wyckoff, suggests a price pattern that can precede a significant upward move. Here's a breakdown of the Wyckoff accumulation phases: Spring: An initial downtrend that tests support levels and identifies strong buying interest. Selling Climax: A sharp price drop that shakes out weak holders. Accumulation Schematic: A trading range with relatively equal highs and lows, representing accumulation by informed buyers. Markup: A sustained price increase as buying pressure overwhelms selling pressure. Potential Breakout: The current price action suggests AVAX might be nearing the end of the accumulation phase and on the verge of a breakout, or "jumping the creek" as some analysts refer to it based on the Wyckoff terminology. This breakout would ideally be accompanied by increased trading volume to confirm buying pressure. Target Price: Based on the Wyckoff accumulation theory, the target price for AVAX could be around $87 or higher. This target is projected by measuring the height of the accumulation range and adding it to the breakout point.
Long
by ParabolicP
Livermore Cylinder and Elliot WaveImagine peering into a TradingView chart and spotting a Livermore accumulation cylinder, standing tall and proud amidst the sea of price action. It's like stumbling upon a hidden treasure chest in the vast ocean of market data. And nestled within this cylinder, you notice the graceful formation of an Elliott Wave leading diagonal, tracing its elegant path across the chart like a dancer on stage. Each wave seems to tell a story, hinting at the market's intentions with every graceful movement. As you study this mesmerizing spectacle, your mind starts to race with possibilities. What could this mean for potential targets? Could it be signaling the beginning of a powerful uptrend, or perhaps a subtle shift in market sentiment? The targets seem to shimmer like distant stars in the night sky, teasing you with their allure. Could the Fibonacci extension levels offer clues to where the price might journey next? Or maybe it's the historical support and resistance zones that hold the key to unlocking the chart's secrets? Whatever the case may be, one thing is for certain: this chart is a canvas of opportunity, waiting for the astute trader to decipher its hidden messages and navigate the markets with skill and precision.
by DegenerationX
2
Avax finally in demandAVAX, one of my largest holdings is finally in the daily local demand zone. I am starting to add heavily here as there are multiple converging supports in this price range. We approach the 100EMA which is typically a very strong support. We are hitting the demand zone (again support) , the real like is a diagonal support. A bottomed stochastic points to a reversal soon, but this depends on BTC. If BTC gets that prehalving crash, the more brutal downside target is marked as a dashed red. -I am not using leverage (avax is a long-term bet for this cycle, and somewhat of a risk hedge) -I am averaging to an already large position -I have been in AVAX since last cycle very early -Stay safe!
Long
by Apollo_21mil
AVAXUSDT 5 % SCALPING The AVAX/USDT trading pair is currently situated within a buying zone ranging from 46 to 46.30 USDT, presenting an attractive opportunity for a scalping long trade. Scalping involves exploiting short-term price movements for quick profits, making this buying zone ideal for traders seeking to capitalize on rapid fluctuations in AVAX's price against the US Dollar. The concept of a buying zone refers to a price range where there is a notable accumulation of buy orders or increased demand for the asset. In this case, the buying zone indicates a region where traders are showing significant interest in purchasing AVAX, potentially leading to a price increase. Additionally, the trade strategy incorporates the principles of demand zones and trend lines. Demand zones represent areas on a price chart where buyers are likely to be concentrated, providing support for the asset's price. By aligning the trade with the demand zone, traders increase the probability of success by trading in the direction of market sentiment. Moreover, the utilization of trend lines adds another layer of technical analysis to the trade strategy. Trend lines are drawn on a price chart to illustrate the prevailing direction of the market trend. By following the trend line, traders aim to capitalize on the momentum of the market, further enhancing the likelihood of a successful trade. The target profit for this scalping long trade is set at 5%, indicating the desired percentage increase in the price of AVAX from the entry point within the buying zone. Achieving a 5% profit target requires careful monitoring of price movements and timely execution of trades to capture the desired profit margin. In summary, the scalping long trade on the AVAX/USDT pair leverages the buying zone between 46 to 46.30 USDT, in alignment with demand zones and trend lines. By targeting a 5% profit, traders aim to capitalize on short-term price movements while minimizing risk. Effective execution of this trade strategy involves thorough analysis, adherence to technical indicators, and disciplined risk management practices.
Long
by MOAZAM1133
AVAXUSDT.PHello Trader BINANCE:AVAXUSDT.P possible inverted head and soulder pattern, again make a right soulder area, just net the area at 46.786 - 46.139 because that's the closest area. but for the fibonaci area used is swing chart, you can use small leverage. line yellow is the weekly support area that has been broken, but for mid term it can still be taken long positions take profit 17% stop loss 3% Please add a comment and Positive feedback and constructive criticism are important to authors and the community. Disclamer: Not Financial Advice
Long
by mfiqrihanafi
1
AVAX ANALYSIS🔮 #AVAX Analysis 💰💰 🌟 As we can see that there is a breakdown of trendline #AVAX which indicates a bearish move. But #AVAX is trading above its major support area and if the price sustain above the support area, so a reversal could be seen here. If the price breakdown the major support area then we would see a brearish move in #AVAX 🔖Current Price --- $45.80 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AVAX. 🚀💸 #AVAX  #Cryptocurrency #DYOR
by ZEUS_Market_Alerts
🚀📈 AVAX Spot Trade Setup! 📈🚀 🚀📈 AVAX Spot Trade Setup! 📈🚀 📊 Analysis: Support Area: AVAX is currently within a support zone, suggesting a potential upward movement. Market Sentiment: Positive outlook for bounce in selected altcoins. Upside Potential: Targets set at resistance levels. 📈 Trade Plan: Entry: Consider entering in the $40 - $45 support area. Take Profit: Target profits at $50 - $53 or higher towards $65 - $70. Stop Loss: Set stop loss just below $40.00 to manage risk. 💡 Note: Keep an eye on price action for confirmation of bounce and adjust strategy accordingly! Stay vigilant in monitoring market movements. 🚀📈 #AVAX #SpotTrade 🛒💰
Long
by Richtv_official
🚧AVAXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. COINEX:AVAXUSDT AVAX has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement, we shall see it reach 47$ pretty soon or at least in short term duration. The expected movement is as much as the measured price movement ( AB=CD ) . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for AVAX will be around 47$. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️ Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
7
Avalanche (AVAX): Riding the Crypto Avalanche with Wit and WisdoWelcome back, crypto enthusiasts! Today, we're diving headfirst into the whirlwind world of AVAX/USD trading, and boy, do we have a tale to tell! So, picture this: just before the previous bull cycle decided to call it quits, we found ourselves face-to-face with the neckline of that trusty harmonics pattern we stumbled upon back in 2022. Talk about timing, am I right? But alas, the price took a nosedive, crashing through support like a bull in a china shop, landing smack dab in our cozy $10.00 - $13.00 loading zone – just as we predicted. Ah, sweet validation! Now, here's where the fun really begins. We noticed some fib levels doing a little dance, perfectly aligning with important structures on the higher timeframes. And guess what? The pièce de résistance was our neckline, serving up some serious pivot point potential. Could this be our ticket to another entry? Oh, you betcha! Ideally, we're aiming to swoop back in at the 88% fib level – that's right, a cool $24.00. But hold onto your hats, folks, because the 78% fib level is throwing some unconfirmed structure into the mix, potentially stirring up some resistance. But fear not, my friends, because we've got not one, not two, but three pieces of evidence supporting our case for the 88% + structure as the ultimate entry point. Talk about a triple threat! Now, let's talk strategy. Dollar-cost averaging is our best friend here, especially when we're investing in a project we know and believe in. And hey, remember folks, fundamentals always trump technicals. Ain't that the truth? As for targets, we've got our sights set on that previous ATH of $130.00 – a lofty goal indeed. Feeling adventurous? How about a leap of faith to the $300.00 level? Hey, a trader can dream, right? So, there you have it, fellow adventurers – another day, another crypto rollercoaster ride. Buckle up, keep those memes close, and may the crypto odds be ever in your favor! Keywords: Avalanche (AVAX), trading analysis, crypto humor, bull cycle, harmonics pattern, fib levels, support levels, resistance levels, dollar-cost averaging, investing, fundamentals, technicals, trading advice, ambitious targets, meme culture.
Long
by PlutusX