AVAX LongAVAX/BTC looks good and so does the USD pair here. Can limit risk below the range which was flipped. Will probably keep this one open for a few days if it recovers strong.
CPI data came in good! But we sold off. After the big drop from current weeks and Asia session chaos, I think we locally bottomed and could see a bounce across tons of ALT/BTC pairs. AVAX is one that stood out to me.
Got long and lets see.
AVAXUSDT trade ideas
AVAX - Daily Chart Analysis - A Short Term Opportunity#AVAX/USDT #Analysis
Description
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+ AVAX has formed a nice falling wedge pattern and also the price has hit the major support zone.
+ A clear breakout from the falling wedge is required for a confirmed bullish trend.
+ We will enter the long trend only after the confirmed breakout from the falling wedge.
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VectorAlgo Trade Details
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Entry Price: 23.86
Stop Loss: 16.86
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Target 1: 29.92
Target 2: 35.25
Target 3: 43.69
Target 4: 62.57
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
AVAX - TRADING AT KEY SUPPORT LEVEL#AVAX/USDT #Analysis
Description
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+ AVAX is currently trading at a key support level, and holding this level is crucial for maintaining further bullish momentum.
+ A falling wedge formation is also visible, and a breakout from this pattern could drive the price higher.
+ A clear reversal from the support zone is needed to confirm the bullish trend. We can enter a long trade at the current price, with a stop-loss set below the support zone and a target at the local resistance.
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VectorAlgo Trade Details
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Entry Price: 20.88
Stop Loss: 15.93
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Target 1: 28.10
Target 2: 37.44
Target 3: 48.62
Target 4: 62.34
Target 5: 87.40
Target 6: 99.28
Target 7: 133.97
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
AVAXUSDT.4HToday, I’m analyzing the 4-hour chart of AVAX against USDT on the Binance exchange. AVAX is currently trading at approximately $21.23, showing slight fluctuations within a downward trend observed over recent weeks.
Key Resistance and Support Levels:
The chart indicates a clear resistance level (R1) at $26.63, which AVAX has previously struggled to surpass. There’s a further resistance (R2) that is not within immediate reach, suggesting it’s at a much higher level. The primary support (S1) is at $17.12, which is significantly below the current trading price, indicating a potential downside risk if the bearish trend continues.
Technical Indicators Analysis:
• MACD: The MACD line is close to the signal line but slightly above, suggesting a possible mild bullish crossover. However, both lines are near the zero line, indicating overall weak momentum in either direction.
• RSI: The Relative Strength Index is at 54.20, which is near the neutral 50 mark, suggesting a balanced condition between buyers and sellers. This neutral RSI hints that there might not be strong buying or selling pressure at the current level.
Analysis:
The trend lines drawn on the chart show a descending pattern, indicating that the overall sentiment in the market has been bearish. The current trading price near the upper trend line also suggests that AVAX is testing this bearish trend line as a potential resistance. If AVAX breaks above this trend line, it could signal a shift in market sentiment from bearish to bullish.
Conclusion and Trading Strategy:
Given the proximity of AVAX to the trend line and the mild signals from MACD and RSI, my strategy would involve cautious observation for a potential breakout above the trend line. If AVAX manages to sustain a breakout above this line and moves towards R1 at $26.63, it could present a buying opportunity with a target near R1. Conversely, if AVAX fails to break the trend line and starts declining towards S1 at $17.12, it could suggest that the bearish trend is still dominant, and a short position may be considered.
In summary, the current setup warrants close monitoring for signs of either a bullish reversal or continuation of the bearish trend. Setting stop-loss orders just below the trend line in case of a long position, or just above it for a short position, would be prudent to manage risks effectively.
AVAX local trade for the next weekLocal trade for BINANCE:AVAXUSDT
here is fresh quick logic for AVAX
Possible Targets and explanation idea
➡️zoom in and mark range weekly High and Low. inside mark high and low daily
➡️4h timeframe mark potential zones and data what indicators shows
➡️ADZ - we are in accumulation)
➡️Tradeon - was signal to buy, but we missed so by logic we are bullish and ill try open long on weekly sweep with target sweep previous Weekly high
➡️MoneyPower - money inflow but would be good to see one sweep and new money inflow zone
➡️MarketMood - looks good we are desbelife zone
buit this logic for 4h can add alert to my zone of interest and wait! or add alerts on indicators. Every time use stop loss
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
AVAX ANALYSIS (1D)From where we entered Start on the chart, it seems that the AVAX correction has started.
The correction seems to be a diametric that we are now in wave E of this diametric.
Now we have determined the best demand range on the chart. We will look for buy/long positions in this range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Avalanche Pre-2025 Bull-Market Accumulation Zone & StrategyBy now, you already know the theme... Accumulation before bullish-wave. Bullish wave to end in a bullish-run.
Avalanche vs Bitcoin: An Analogy
The accumulation phase can be seen as the training phase, the preparation period. Let's make a comparison. Bitcoin produced a very strong $21,000 USD drop in a short period of 7 days. This from $70,000 to $49,000. You could say in a flash.
For this event to become possible, there was a 4.5 months consolidation phase. From the 14th of March until the 29th of July Bitcoin moved sideways and finally enough force was accumulated to produce the bearish move.
Bitcoin moved below $20,000 in August 2022. I am doing this from memory as usual, so please correct me in the comments if I am wrong. For Bitcoin to move back to baseline level, above $20,000, it took five months. $20,000 was already the main support/low, but even to go back to this main level a strong accumulation phase was needed.
Here comes the better example: In 2023 Bitcoin ranged above $20,000 for 7 months. This is the long accumulation phase that was necessary for Bitcoin to move from ~$25,000 to $74,000. There is always a period of consolidation before a major move. This is a law of nature.
Avalanche. The long accumulation phase in 2022/23 is part of the preparing period for the major bull-market in 2025. The medium-sized bullish wave in late 2023-early 2024 is "wave 1" of a much, much bigger structure. This is the beginning of the bull-market. We are now in the corrective phase.
Avalanche is set to enter a new and short accumulation phase before the next major bullish wave and this major bullish wave is part of our "full-blown bull-market." A bull-market ends in a bull-run which means a new All-Time High.
Avalanche New All-Time High Potential Revealed!
👉 AVAXUSDT can reach a new ATH of $382 according to my calculations.
Plotting the Fibonacci extension tool on this chart, from the bottom of the bear market to the previous ATH, we get $232 as 1.618 (Golden ratio) and $370 as 2.618. Notice how close these numbers are.
I can use three to five different methods to project future potential targets and they all end within the same range. This gives me confidence that these numbers are good and they've been working fine in the past. With that said, please keep in mind that these are just projections and anything goes. The final target can be much higher just as it can end up much lower; the future for sure we can't really know. We can predict with a very high level of accuracy the market direction, down or up; but the timing and specific numbers are harder to come by, but we can get close.
With this information, we now have a map and so we can plan and prepare ahead of time.
Strategy: Buy and hold.
➖Are you going to wait for a new drop?
What if a new drop doesn't happen?
➖Are you going to catch the bottom?
What if you miscalculate or miss it for whatever reason?
In our strategy, we define a range where we "buy everything" we can. For example, "I can buy everything below $20." With the intention of holding for the long-term. The long-term is the top of the next bullish wave. By "top," I mean when the market is rising and full green. We don't know the exact top, so it is enough to be in green and in profits. Grateful not greedy.
No leverage, no margin, results in no risk.
If you buy an altcoin you have the tokens. This is not a trade, you have the tokens, that's it.
To lose money, you need to sell them at a lower price than the price you bought them. If you hold them long-term, you can't lose. The worst case scenario, with this thinking, is a long-term hold. Once the wait is over we can sell when prices are up.
(Some projects can disappear altogether but this is something we have no control over.)
Since the bear-market was in 2022 and we have been having a correction for almost five months, we can be sure that we will have green within 3-6 months. That's it.
We cannot be perfect nor want to be perfect; we just want to win and be successful for once. Since we cannot defeat billionaires and whales, we just buy and hold.
If I try to defeat a centralized exchange, trading on its own platform, that's a sure loss. Remember, they hold your money and know all of your actions, they will beat you everything time because they have algorithms that will push you and pressure you until you bend and fold. You are not trading against traders but against institutions and exchanges. There is a big difference.
Instead, forget the trading; 95% of traders are losing money everyday.
Focus on buying and holding and think long-term.
Oh yes... Think long-term.
This is a great time to do so.
Once prices are low, think long-term.
That's surely a winning strategy.
I hope to see you as a millionaire by the time the next bull market ends.
I love you my dear friend.
Namaste.
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 17.00
Entry price 19.00
First target 21.22
Second target 23.16
Third target 25.66
Avalanche ( AVAX ) to 104?19-21 range is very crucial support zone in a weekly timeframe, if it ever to hit 19 I would consider long position either futures or spot. As you can see 92-104 range is gonna be our first take profit point which is fibonacci 0.618 level and we all know how important that is. If BINANCE:AVAXUSDT ever close a candle above 105 in a weekly timeframe is gonna be huge confirmation to continuously go up maybe even break all time high, so time will tell.
Avalanche (AVAX): Waiting For Break of Structure (BOS)We are back with Avalanche, where the price is still slightly above that support zone, looking to break and form a BOS here.
We are waiting for a breakdown to happen and a price to secure below that zone. As soon as we get that, we should see a good downward movement here!
Swallow Team
High risk tradeThis is a 4-hour chart analysis of the AVAX/USDT pair, highlighting key support and resistance levels. The market has experienced several fake breaks near the upper resistance. The area between $24.70 and $25.40 serves as a strong support zone, and a potential entry point for a buy position.
Trade Breakdown:
- Buy Entry 🟢: Support zone at $24.70 - $25.40
- Target 🎯: Resistance area at $32.55
- Stop Loss (SL) 🚫:
- High Risk SL: Below $24.70
- Best SL: Below $22.00
This analysis suggests that traders could consider entering a long position around the support zone while setting appropriate stop-loss levels to manage risk.
AVAX/USDT Poised for Ascent: Unveiling Bullish Signals at $27.1Analyzing the recent performance of AVAX/USDT, several indicators suggest a potential upward trend for this cryptocurrency pair. Currently priced at $27.10, AVAX has shown a consistent pattern that could indicate further appreciation.
First, examining the moving averages, the 50-day moving average has recently crossed above the 200-day moving average, forming a "golden cross." This is traditionally considered a bullish signal, suggesting that the upward momentum might continue.
Additionally, the Relative Strength Index (RSI) is currently hovering around 55, which is comfortably below the overbought threshold of 70. This suggests there is still room for growth before reaching levels where a reversal might typically occur.
Another important indicator is the MACD (Moving Average Convergence Divergence). The MACD line has crossed above the signal line, which is another bullish sign that often precedes upward price movements. The histogram has also turned positive, supporting this outlook.
Furthermore, examining the trading volume, there has been a noticeable increase in volume over the past few days, which often indicates stronger market interest and can propel the price higher. This increased activity suggests that traders are optimistic about the future prospects of AVAX.
Finally, looking at the broader market sentiment, the cryptocurrency market as a whole has been recovering from previous downturns. Positive developments in the crypto space, such as regulatory clarity and institutional interest, have also been contributing factors to the bullish outlook.
In conclusion, with the convergence of these technical indicators and favorable market conditions, the current analysis supports the potential for a continued rise in the value of AVAX/USDT from its current price of $27.10.
AVAX Will the journey continue?Avalanche (AVAX) has been gaining attention in the cryptocurrency market and analysts are eager to know its future price outlook. This year 2024 altcoins are almost facing a serious decline after the rise. We should not put all our faith in buying when it grows, sometimes selling or avoiding buying when it falls is also an advantage.
Looking at the whole time since Jan 2023 ( 19 months ), AVAX had a strong price increase and then fell again. What are the buying and selling points with the S1-TM strategy, we had 93 closed orders, with a net profit of ~336% (including commissions). This is quite good for autotrade.
NOTE: This is my personal opinion on this strategy. This is not investment advice!!!. The market always has risks and opportunities. Please consider carefully before making any decision!