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AVAX / TetherUS

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AVAXUSDT trade ideas

Avax to $88 waiting for breakoutPopular EVM compatible coin AVAX BINANCE:AVAXUSDT has been forming a bullish pennant on the 12 hour timeframe. Recently a number of AVAX based meme coins have done well seemingly in response to AVAX coin’s performance. According to data from coin gecko.com, the price of Avax has risen by 37.9% in the last 30 days and is up 228% over the last one year. Still this coin is down 55.7% from it’ all time high and a return to this valuation would be a 122% gain in price. Wait for a bullish breakout from this pennant or a breakout plus retest to confidently trade this upwards with an initial or short term target just above $85. Happy Trading! If you found this trade idea helpful in anyway kindly support my work by leaving a thumbs up, boost and/or sharing this post with your Crypto bros. To make sure you’re one of the first to get notified when I share a new trade idea, consider following my account. Happy Trading!
Long
by theblueinvestor
1
AVAX/USDT | 1W 👀1. I haven't sold any AVAX yet and don't plan to. I'll do it at least above $200. 2. I see huge potential in the project, so I'm ready to HODL. 3. I've marked approximate targets on the chart. - Not financial advice, trade with caution. #Crypto #Avalanche #Investment #AVAX ✅ Stay updated on market news and developments that may influence the price of Avalanche. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Avalanche #Investment #AVAX
by Nyskohuz
AVAX/USDT Potential continuation the upward movement for AVAX!💎 AVAX has recently shown significant market dynamics, rebounding from the support area, suggesting a potential continuation of its upward movement towards the resistance level around $65.5. 💎 This resistance area corresponds to a previous higher peak, and a breakout above it could pave the way for further gains, the probability of reaching our target supply zone area. 💎 However, if AVAX faces rejection at the resistance area, there's a possibility of a retracement to test the support region between $50 and $47. 💎 When AVAX approaches the support area, it's essential for it to bounce, given the area's significance. Failure to hold this support level could lead to further downward movement, potentially testing lower support areas. If AVAX breaks below this support, along with the trendline support, it would confirm a bearish trend, signaling further downward movement.
by MyCryptoParadise
Avaxusdt trading opportunityAvaxusdt is approaching a significant supply area, and we anticipate this resistance level to exert downward pressure on the price for a period. We expect a rejection from this zone, and the immediate demand area presents a favorable buying opportunity. In the event that this level fails to hold as a weak support, our focus may shift to the critical demand zone, which we believe will be vigorously defended by bull. Both areas share the same target as indicated on the chart, with the $110 price level poised for significant pressure once the price breaches the immediate supply zone. We value your engagement and welcome your feedback on our analysis. Thank you.
by weslad
7
Avalanche's Memecoin Rush Sparks Debate Amidst $1M InjectionThe recent announcement of the Avalanche Foundation's Memecoin Rush initiative, injecting $1 million into the ecosystem to catalyze community coin adoption, has ignited both excitement and skepticism within the cryptocurrency community. While the initiative aims to incentivize trading and liquidity provision for selected community tokens such as Kimbo ($KIMBO), Gecko Inu ( LSE:GEC ), Coq Inu ($COQ), TECH, and NOCHILL, some critics argue that it could exacerbate speculation and volatility in the market. The decision to kick off Memecoin Rush with prominent platforms like SteakHut and Trader Joe has raised eyebrows, with questions emerging about the criteria used to select participating tokens. Concerns linger over the potential for manipulation and pump-and-dump schemes, especially considering the recent proliferation of meme coins in the crypto space. Furthermore, the Avalanche Foundation's acquisition spree of community coins, fueled by a portion of its $100 million NFT incubator fund, has drawn scrutiny. While positive social sentiment, significant holders, liquidity, and project maturity were cited as criteria for token selection, some observers remain skeptical about the Foundation's motives and the long-term sustainability of meme coin projects. Eric Kang, BD Manager at Ava Labs, emphasized the importance of meme coins in the web3 space, describing them as a cornerstone of cultural expression within crypto communities. However, skeptics argue that meme coins often lack intrinsic value and may contribute to market instability, raising concerns about investor protection and regulatory scrutiny. As Memecoin Rush unfolds, it will be crucial to monitor its impact on the Avalanche ecosystem and broader cryptocurrency markets. While the initiative aims to foster broader support and adoption for Avalanche-native tokens, critics caution against the potential risks associated with meme coin speculation and the need for responsible governance measures to ensure market integrity and investor confidence.
Long
by DEXWireNews
Avax Up to 27 % Or Dump to 16% !?Diamond Pattern Analysis After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35. If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81. It is crucial to set a stop-loss because this pattern doesn't always work accurately. Remember, this is solely an analysis, and your profit and loss are your own responsibility.
by Crypto-Oracle1
FALLING WEDGE FORMING? A falling wedge pattern is a bullish chart pattern that usually forms during a downtrend, indicating a potential reversal. If AVAX (Avalanche) is forming a falling wedge pattern, traders may look for opportunities to enter bullish positions. Here's a trade idea based on this scenario: AVAX Falling Wedge Bullish Trade Idea: Pattern Observation: AVAX has been in a downtrend, characterized by lower highs and lower lows. A falling wedge pattern is forming, marked by converging trendlines sloping downward. The falling wedge pattern typically indicates a weakening downtrend and potential bullish reversal. Personally i may consider entering at 0.618 (53.765) or Just wait for pattern to breakout
Long
by Oski_Monki
AVAX Megaphone updateAVAX decided to push to the upside and I am glad that I averaged on that bottom support line. I will admit once the fed dovishness arrived I did deploy the rest of my stables into AVAX and INJ before liftoff. I had been DCAing a few select alts including AVAX on this latest flushout. -My bags have been packed, but I did get some tokens at a discount by selling more volatile setups like JOE into stables last week -70$ is the more likely direction here as this megaphone expands, I expect a test to the top teal line within 3-4 days here, this invalidates my temporary bearishness, this is also why daily and weekly charts reign supreme
Long
by Apollo_21mil
2
Avax expansion of volatilityAvax had a really powerful move recently before this downturn in BTC. My short term target was hit, which generally means I stop buying for a bit as a local top is likely in. I have taken this opportunity to average in on this base, this expanding wedge or asymmetrical megaphone presents a problem though. Note the break of OBV to the downside, if this is not just a flush this is bearish. Given that this is just a 4-hour chart we could see more downside to the purple long-term trend line. If BTC really dumps I think we could see 41$ again. -In summary, I am very conflicted on direction here, BTC decides where we go. An expanding pattern such as this means more volatility than we have seen. -A high of 70 if AVAX depegs from BTC -A low of 41 with a more likely retest of 48 is most likely.
by Apollo_21mil