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AVAX / TetherUS

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AVAXUSDT trade ideas

AVAX capitulationAfter a massive whale moved 2 million AVAX to coinbase the token started to sell off harshly alongside already weak sentiment. With BTC weak altcoins fell right through the floor. I did update a more reliable weekly demand zone which AVAX rapidly approaches. This is just below the long-term red fib I drew a long time ago. AVAX is one of my largest holding and I have several hundred tokens with some staked. I still think we see over 115$ this cycle, a more bullish projection is 260$ at the peak.
Long
by Apollo_21mil
AVAX AI prediction - testingBased on AI analysis, the price movement for AVAX/USDT has indeed followed the AI model's prediction. The price prediction utilizes the following parameters: Historical Price Data: Closing prices from previous periods. Trading Volume: Daily trading volumes. Technical Indicators: RSI (Relative Strength Index): An indicator of the strength of the price trend, showing whether the currency is overbought or oversold. MACD (Moving Average Convergence Divergence): An indicator that tracks changes in the strength, direction, momentum, and duration of a price trend. Bollinger Bands: An indicator that measures volatility and provides relatively high and low price values. ATR (Average True Range): A volatility indicator showing how much the price moves over a certain period. The model uses these parameters for training and subsequent prediction of future price movements. These technical indicators and historical data help the model identify patterns and trends that may suggest future price movements. This approach enables the AI model to provide relevant and timely predictions that can be used for effective decision-making in the spot market.
Short
by Bitcoinblockchainonline
Trade setup for AVAX/USDTThis trade setup for AVAX/USDT is based on key support and resistance levels and the potential for a reclaim or bearish retest of the previous range low. I will outline both the long and short scenarios, detailing the conditions under which I will enter and exit these trades. Current Price Action: AVAX is currently trading around $29. The price has been in a downtrend, as evidenced by the lower highs and lower lows on the chart. The previous range low is a significant level that the price needs to reclaim to shift the market sentiment from bearish to bullish. Key Levels: Previous Range Low: Approximately $29.30. Trade Plan: Scenario 1: Long Position Entry Condition: Enter a long position if AVAX reclaims the previous range low of $29.30 and closes above this level on 1h timeframe. Entry Price: Around $29.30 Stop Loss: Below the recent swing low at $28.6. Potential Long Target1: $30.45 (based on previous highs and resistance levels). Potential Long Target2: 32$ Rationale: A successful reclaim of the range low indicates a potential shift in market sentiment, providing a good risk-to-reward ratio for a long position. Scenario 2: Short Position Entry Condition: Enter a short position if AVAX performs a bearish retest of the previous range low ($29.30) and shows signs of rejection Entry Price: Around $29.30 - $29. Stop Loss: Above the recent swing high at $29.75. Take Profit:1 $28.6, Take Profit:1 $27.1, Rationale: A bearish retest and rejection at the range low suggest that the downtrend is likely to continue, providing a good risk-to-reward ratio for a short position. Execution: Monitor Price Action: Keep an eye on how the price behaves around the key level of $29.30. Wait for Confirmation: Look for strong confirmations such as a high volume break and close above $29.30 for a long position or a bearish candlestick pattern with high volume rejection for a short position.
by Cryptodbs
1
Lingrid | AVAXUSDT breakout of CHANNEL. Possible SHORTBINANCE:AVAXUSDT encountered a strong rejection at the resistance zone, leading to a subsequent sell-off. Despite the bulls' efforts, they were unable to muster sufficient strength to form a new high. The market has been stuck in a consolidation zone since mid-April, and I believe it may be heading towards the bottom of this range as the price has broken and closed below the upward channel. On the daily timeframe, we are currently seeing a bearish impulse leg. I anticipate the market to retest its previous lows in the coming days. My goal is to support around 29.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
Avalanche (AVAX) Analysis: Testing Critical Support Amid Market📆 Coin of the Day: Avalanche (AVAX) About the Project: Avalanche is a highly scalable blockchain platform aimed at decentralized applications and enterprise blockchain deployments. AVAX is the native token used for staking, transaction fees, and governance within the Avalanche ecosystem. 🧩 Technical Analysis Daily Timeframe This analysis focuses on daily trends, identifying critical levels and potential scenarios. 📉Support and Resistance: Key Supports: 31.98 23.03 Key Resistances: 41.42 49.96 60.71 🔍 Current Scenario: Testing the Demand Zone Demand Zone: AVAX is currently testing a crucial demand zone around 31.98. This zone has historically acted as a strong support level, indicating high buying interest at these price levels. Implications of Holding the Demand Zone: Potential Reversal: If AVAX can hold above the 31.98 level, it may indicate that buyers are stepping in, potentially leading to a reversal. This could lead to a bounce towards the next resistance levels at 41.42 and 49.96. Confirmation Needed: For a bullish reversal, it's essential to see confirmation through increased volume and a break above the descending trendline. 📉 Bearish Scenario: Break Below Demand Zone Immediate Implications: If AVAX breaks below the 31.98 demand zone, it would suggest that the selling pressure is overwhelming the buying interest, leading to further downside. Next Support Level: The next significant support level to watch is around 23.03. A break below the demand zone could lead to a swift move towards this lower support, as the lack of strong support in between could accelerate the decline. Volume and RSI Analysis: Volume Analysis: Recent trading volume has been moderate. An increase in volume is needed to support any significant move, whether it be a bounce from the demand zone or a break below it. RSI Analysis: Current RSI: 34.11, indicating that AVAX is nearing oversold territory. This could suggest a potential buying opportunity if the price holds the demand zone. 👨‍💻 Trading Positions Long Position Entry Trigger: Hold above 31.98 with confirmation from RSI and volume. Strategy: Open a position if the price confirms a hold above this level, targeting higher resistance levels at 41.42 and 49.96. Use tight stop-loss orders to manage risk. Short Position Entry Trigger: Break and retest below 31.98. Strategy: Open a position if the price confirms a break below this level, targeting 23.03. Adjust stop-loss orders accordingly. 📝 Avalanche (AVAX) is at a crucial demand zone, and its price action around this level will be pivotal. Traders should closely monitor the 31.98 level for potential bullish reversals or bearish breakdowns. Volume and RSI trends will provide additional insights into momentum shifts. 🧠💼 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.
by itsparham96
1