AVAX PlanAVAX has broken the trend line and is currently retesting this level. It looks like a good opportunity to take a long position.
What are your thoughts?
AVAXUSDT trade ideas
AVAX Long PlanAVAX has broken the trend line and is now retesting that level. It appears to be a good opportunity to take a long position.
What are your thoughts?
Keep in mind that everything works well in the absence of market manipulation.
Always manage your risk effectively.
Spotting a Bullish Opportunity: AVAX/USDT Cup and Handle PatternI recently identified a classic Cup and Handle pattern in the AVAX/USDT trading pair, which is now breaking out and currently undergoing a test of the breakout level. This pattern suggests a potential price target around $34.
The chart shows the cup formation, followed by a brief consolidation (the handle), and now we are witnessing the breakout. The price is testing the breakout level, which is a critical phase before the expected upward move.
Stay tuned and watch for this potential price relief rally in AVAX/USDT!
Avalanche (AVAX) Rises: Can It Break Thru $30?Avalanche (AVAX), a prominent smart contracts platform, is currently experiencing a surge in price. As of July 1, 2024, AVAX is trading confidently above the $28.65 resistance level, hinting at a potential breakout. This article delves into the recent AVAX price rally, explores the technical analysis behind it, and examines whether AVAX can conquer the critical $30 resistance zone.
A Bullish Breeze for AVAX
The ongoing AVAX price rally offers a sigh of relief for investors after a period of price stability. The current movement signifies positive momentum, with AVAX climbing steadily from its $27.40 support level. This upward trend is further bolstered by the fact that AVAX is currently trading above both the $28.65 resistance level and the 100-hourly simple moving average (SMA).
Technical Indicators Paint a Breakout Picture
Technical analysis is a valuable tool for understanding price movements and predicting future trends. In the case of AVAX, a crucial technical indicator is the recent break above the declining channel with resistance at $28.40 on the hourly chart. This breakout suggests a shift in momentum, potentially paving the way for a further price increase.
The $30 Hurdle: A Crucial Test
While the current trend is undoubtedly positive, a significant hurdle awaits AVAX at the $30 resistance zone. A decisive break above $30 would be a strong bullish signal, indicating continued upward momentum. If achieved, this breakout could lead to further price appreciation, with potential targets around $32.50 or even $34.00.
Support Levels: A Safety Net
It's crucial to remember that the cryptocurrency market is inherently volatile. Even in a bullish scenario, there's always the possibility of price corrections. For AVAX, the $29.35 and $28.65 levels act as critical support zones. If the price fails to surpass $30, these support levels can prevent a significant decline. Additionally, the 50% Fibonacci retracement level of the upward move from $27.37 to $29.95 provides another layer of support around $28.65. A drop below $28.65 could lead to a slide towards the $28.00 level and the 100 SMA (4 hours). The $27.40 zone would be the next important support to watch in case of a deeper correction.
MACD and RSI: Bullish Whispers
Beyond price action, other technical indicators offer valuable insights. The Moving Average Convergence Divergence (MACD) indicator for AVAX/USD is currently climbing in positive territory. This suggests increasing bullish momentum. Additionally, the Hourly Relative Strength Index (RSI) is hovering above 50, indicating that the market is neither overbought nor oversold. This neutral RSI reading implies that there's still room for the price to rise before a potential correction.
Looking Ahead: A Promising Future for AVAX
The current price rally for AVAX is a positive development, with technical indicators suggesting a potential breakout above the $30 resistance level. If achieved, this breakout could lead to further gains. However, investors should exercise caution and be aware of the crucial support zones at $29.35 and $28.65. Monitoring the MACD and RSI indicators can also provide valuable insights into the ongoing price trend. Overall, the outlook for AVAX appears promising, and a break above $30 would be a significant bullish signal for the cryptocurrency.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
AVAXUSDT#AVAX #Avalanche has formed an excellent and sexy chart pattern. It has created an Inverse Head and Shoulders formation. The target is urgently indicated at $35. Let's take our positions accordingly.
Avax - IHS in the making?Looks like Avax is currently printing a nice IHS with the neckline sitting around 28-29$.
If this pattern is going to play out we should see a right shoulder forming over the weekend, preferably slightly above the lowest point of the left shoulder, so around 26$ would be ideal. If you are planning to trade this you can place your stop just below 23$ as it should not get below this point (IF it's going to be an IHS that is).
Target should be around 35-36$.
Stay safe!
Avax Usdt Hi everyone
this is not a financial, investment, trading, or other types of advice or recommendations
this is my idea
and its my art and way of seeing market today
trade with your plan
Market Analysis: Bitcoin and AVAX📅 Today's market conditions aren't significantly different from yesterday. Given that it's Sunday, it's essential to minimize risk and avoid unnecessary positions. I'll start with a Bitcoin analysis and then move on to AVAX.
👑 Bitcoin Analysis
🔍 In the 1-hour timeframe, as I mentioned yesterday, there was a potential reaction at 60718, which occurred around 60739. Following this, the price moved upward with strong momentum, forming two powerful bullish candles. However, volume has started to decrease, indicating that the bullish momentum has temporarily subsided. We need to wait for a confirmation to see momentum re-enter the market.
📈 For a long position, I still wait for a break of 62168, which coincides with the 0.618 Fibonacci retracement level. If this level breaks, the price could move up to 63583. If the RSI stabilizes above 70, we could consider entering a long position earlier.
📉 For a short position, our trigger has shifted slightly to 60739, considering the market's reaction to this level yesterday. This could be a good short trigger with a target of 59323. However, volume needs to increase in the market, so it might be better to wait until the new week starts.
⛓ AVAX Analysis
🗂 The AVAX project operates on its blockchain, where AVAX is the primary coin used for transactions, fees, staking, and DeFi applications.
🔍 In the 4-hour timeframe, after a decline, the chart hit the support level at 23.84 and started to correct, now moving upward in the Low Wave Cycle. However, the decreasing volume favors a bearish trend continuation. We can expect the downtrend to continue if the price stabilizes below the 23.84 support.
📈 For a long position, you can enter upon breaking 28.59, but keep in mind that the volume is low, and you're trading against the main trend. The target for this position could be 30.88. If the RSI enters the overbought territory, it can provide confirmation to keep the position open.
📉 For a short position, you can enter upon breaking 27.69, though this trigger is quite risky. The main short trigger is at 23.84; breaking this level allows entering a short position. A break of 50 on the RSI can provide a suitable confirmation for bearish momentum entering the market.
📝Both Bitcoin and AVAX are at critical points. Bitcoin's low weekend volume suggests caution, while AVAX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
The Possible Bullish Trend for AVAX!BINANCE:AVAXUSDT is about to break out of the s/r zone on weekly timeframe.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Falling wedge pattern of AVAX/USDTFalling wedge pattern of AVAX/USDT
Sure, it is not completed yet.
If the price is increasing with breaking up trend line, it could be reached to about 65 dollars.
$AVAX big drop on FRIDAY NIGHT 8-11pm ESTCRYPTOCAP:AVAX SELL
Based on the trend of CRYPTOCAP:AVAX making big moves every friday night, it is currently in consolication until the next big bull run. Should see a big drop to the $20 range and that is the best time to buy and hold CRYPTOCAP:AVAX
AVAX is the best L1CRYPTOCAP:AVAX is the Layer 1 coin I am most bullish on! I believe it will reach a new all-time high.
AVAX Trending confirmation zoneAVAX is looking for confirmation.
If Avax can confirm, we could see new high targets
It's important to see if AVAX is able to gain up $30
#AVAX/USDT breaks the Diagonal Trendline in 4-Hour TF!#AVAX/USDT breaks the Diagonal Trendline in 4-Hour TF!
Wait for FVG to be filled to open a long position. The local support level is PWL $24.1 and the local resistance level is PWH $30.4.
$AVAX #Avalanche Trading IdeaAVAX/USD (Avalanche) from H&S pattern formed a potential falling wedge pattern. Full send after a breakout. If this bullish scenario after deviation plays out my next target would be that Golden Zone around $44.64.
AVAXUSDT is approaching a significant resistance areaHey Traders, in today's trading session we are monitoring AVAXUSDT for a selling opportunity around 33 zone, AVAXUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 33 support and resistance area.
Trade safe, Joe.
AVAXUSDT 1WAVAX ~ Update
#AVAX Bouncing right at the support we expected.
If BITSTAMP:BTCUSD does not experience another decline, This will be a continued Increase in the future.
AVAXUSDT 3D#AVAX has perfectly bounced from the MA200 on the 3-day chart, which is a great sign. The next resistance is the falling wedge resistance, which is around the MA100. In case of a breakout, the targets are:
$37.77
$43.05
$47.32
$51.58
$57.65
$65.39
AVAXUSDT is BullishPrice was in a strong downtrend, however the bullish RSI divergence on hourly time frame gave some indication that bears are finally exhausting and bulls are taking charge. First higher high is printed successfully, and currently the price is defining a higher low. Entry point is as the break of freshly printed higher high. Targets are mentioned on the chart.
Avax/usdt long r U think i am right.....I can long avax/usdt bases of my analysis and some strategies if I am wrong plz tell me💸💸💸💸💸💸💸💸
AVAX in a well-defined downtrendAVAX in a well-defined downtrend
AVAX confirmed a bearish trend after the price broke out from a daily Head & Shoulders pattern.
We can likely see AVAX reach 15 quite soon.
A possible retest of 30.5 or the broken neckline is possible again before the price moves down further. However we can not rule out the possibility that it can also continue moving down slowly from the market price.
Targets:
🎯 21.10
🎯 15.50
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
