AVAX short term triangle - long opportunityA short term long opportunity seems to be in the books.
Invalidation under the support trend.
AVAXUSDT trade ideas
AVAX → Avalanche Making Another Attempt to Break $50? Yes!AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade?
How do we trade this? 🤔
The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 15% away from the Support zone with plenty of runway before hitting the previous high at $49.85. These are optimal conditions for a long trade.
Take half profits at 1:1 Risk/Reward, a price target of $39.50, then move the stop loss up to the entry price to lock in profits for the second take profit. This eliminates initial risk and allows the second half of the trade to be executed without the fear of loss.
💡 Trade Idea 💡
Long Entry: $34.50
🟥 Stop Loss: $29.50
✅ Take Profit #1: $39.50
✅ Take Profit #2: $44.50
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes down in the pullback from $49.85
2. Three failed attempts to break a new low in the trading range
3. 15% away from the Support Zone and 37% away from the previous high of $49.85
4. RSI at 48.00 and above the moving average which are ideal conditions for a long
5. Bitcoin showing signs of a move toward the previous high
💰 Trading Tip 💰
Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Complete Reset on AVAX I originally thought there would be a complete breakdown on AVAX down to 29ish but with ETH showing strength and many alts Rallying. This wedge and contraction looks more bullish than bearish. Volume and RSI have dropped precipitously. Will we get another explosion like we saw last wedge with this much contraction and consolidation? I am buying here, I sold my ETH based MATIC that took a few days to unstake and right into AVAX. My timing might not be perfect but happy to cut underperformers for what I think will be a huge year for AVAX and some other key players.
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low).
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $35, then $25. The nearest Resistance Zone is $50.
AVAXUSDT # 001 ( * Overview * ) Hello dear traders.
Good days .
On monthly Bullish Gann Square , after finish 1st weekly Gann Square Time frame , AVAXUSDT starts upward move to proceed 2nd Gann Square which is contain 3rd crazy Elliot wave move .
In detail move will updated .
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments.
AVAXUSDTAVAXUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 41.2.
What you guys think of this idea?
AVAX - LONGI am not a professional
However,
I love to trade
I am long AVAX
I believe AVAX is consolidating collecting huge buy pressure, showing major support at $35.319, I believe A close above $36.122 will make this trade more bullish. A close below will indicate more time is needed into the trade.
I am long and will enter another position considering the Daily close above $36.122 and 4hr close above 50 MA.
AVAXUSDT is BearishAVAX is currently exhibiting bearish character on 4H time frame. It is making lower highs followed by lower lows. The trend was initiated by appearance of bearish divergence, and since then a bearish rally is continuing. Targets are mentioned on the chart.
AVAX Technical Analysis• The AVAX price has advanced to a point where it has now breached its initial resistance area upwards, and we are observing pullback candles.
• Keep in mind, following the pullback's completion and the emergence of bullish patterns, the subsequent resistance zone becomes reachable.
(All analyses will be updated)
This analysis is informational, not financial advice.
AVAX swing long ideathat's what I'm seeing for CRYPTOCAP:AVAX
seems very interesting
would be bullish if these scenarios happen
educational purpose only
NFA
opportunity to go long or short in AVAXUSDTguys there is an opportunity to go long or short if the price breaks and closes below or above the support line and can aim the recent swing low or high and i have also used fib to predict where to set the take profit for both long a short position, for long position you can set your TP at the above arrow and for short position you can set your TP at the down arrow
AVAXUSDT 4h falling wedgehi traders
The price of AVAX has been forming a falling wedge. It touched the horizontal support as well.
Once we get a successful breakout, the price should go towards 40,70 - 41,50 usdt.
If the horizontal support fails, the wedge will break to the downside and the price could drop as low as 27 $.
Be ready for both scenarios.
Good luck
Bearish Flag PatternBearish flag pattern on the 4 Hour
We have Hidden bullish activity on the 4 hour and at the bottom of the trend so we may go back up to complete the third touch.
An engulfing candle either way will confirm it
AVAXConfluence of support two trendlines. Expect another pump from CRYPTOCAP:BTC to 49K area pumping AVAX into 42 range.
AVAXUSDT 4H IDEAHello guys,
Chart is really clear. As you can see if price can stay red line we will see like yellow line movement. Avax made a perfect rises and a little tired. If it can consolide here. Probably these areas can be entry zone. Careful if it starts to close red line we may see lower targets.
Good luck to everyone.
Always make your own analysis and risk management. This is not a financial advise.
✴️ Avalanche Prepares To CrashAvalanche produced a nice 480% bullish wave after hitting a low in September 2023... Pretty nice I should say.
➖ We can see how the volume on 11-December is lower vs 16-November.
➖ Until the top of wave 3 volume is rising.
➖ Wave 4 through wave 5 and now the correction (ABC) volume is dropping.
But the most revealing signal of all is the inverted cup or rounded top pattern, this signals that the top is in.
There can always be one final jump, one last surprise move before the correction truly starts but here the rounded top is quite telling and indicates that it is over.
AVAXUSDT also managed to close and stay below EMA21 on the daily timeframe.
👉 A crash or correction is about to happen... It should end in a higher low compared to September before long-term growth.
Namaste.
Avax/Usdt Trading Idea 💹AVAX/Usdt is currently showing bullish signs 📈. The market structure has turned into a bullish pattern, and the price is retracing to test a new demand area 🔄. This could signify a potential upward movement. I anticipate a rise in price from this point, potentially ranging between 15-30% 📈🔥.
Remember, this analysis is not financial advice ❌📉. Always conduct your own research (DYOR) and make informed decisions. Happy trading! 💪💰📊
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low).
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 ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $35, then $25. The nearest Resistance Zone is $50.
AVAX/USDTTRADE ALERT!AVAX
Ticker: AVAX/USDT
Entry: 35.00-36.00
Take Profit:43.50-45.00
Stop Loss: 31.15
Risk to reward: 1:2
Technical Thesis: Price is going for retest of 4hr 50 EMA at 36$.
Once price hold this level , we can look for long trade here.
AVAX PlanAVAX is in a good bullish momentum. I am long from the break of the trendline and i will wait a retrace and a bounce on the supply zone i drawed (green box) to add more to my longs. Tight invalidation just below green box
AVAXUSDT LONG LONG POSITION
signal validity: 24h
ORDER PRICE: 36.18
TP : 43.30
SL: 31.55
RISK/REWARD RATIO: 1.54
CROSS 3X
2% capital
Riding the Upswing: #AVAX Long Trade Setup with Entry Strategies#AVAX long trade setup:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Add more positions up to $37.4. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $41.5, $43.2, $44.7, $47, and $50. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Implement a mandatory stop-loss at $35.45. This level is chosen to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside.
Leverage:
The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care.
Cautionary Note:
Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice.
In summary, the recommendation outlines a long trade setup for #AVAX, providing specific entry points, target prices, and a mandatory stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
