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AVAX / TetherUS

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AVAXUSDT trade ideas

📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel. Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend. Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend. Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend. In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
by RaffDN
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases. Interested in another altcoin that's trading under it's first ATH? Check out Litecoin : Remember to hit 👍 and follow if you love money ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
34
AVAX / USDT High Tight Flag AVAX has made a massive 180% in 5 weeks. Surfing the 10 day EMA. Hitting resistance at $23 and pulling back 23%. Forming a HTF. O'Neil tells us that in order to form a HTF a security must double in less than 8 week and pull back no more than 25%. Qullamaggie tells us a security must move 30 - 100%+ for a few weeks, then form an orderly pullback, with higher lows during the consolidation period. My observations - large volume two weeks ago. I see resistance at $23, support at $17.50 with my next main resistance area at $47.50. This leaves a huge void with little resistancebetween $23 and $46. A shakeout within the HTF to $17.50 is acceptable but any daily close below $17.50 invalidates the HTF. I'm looking for a HTF range breakout with a daily close above £23. With a target of 100% at $46. Monitoring the 10/20EMA and 50MA as stop losses.
Long
by TeachingTrader
1
AVAX ANALYSIS🔮 #AVAX Analysis 🚀🚀 💲💲 #AVAX was trading in a Descending Broadening Wedge Pattern, gives a perfect breakout and trying to retests the levels. If the price of #AVAX closes above $22 then we will see a bullish move and also the price of #BTC must stable. 📈📈 💸Current Price -- $21.16 📈Target Price -- $39.23 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #AVAX #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
AVAX dipping into demand on uptrendAVAX has been sipping off these demand zones like its going out of style. My last 3 4 hour demands were perfect supports. I drew a trend line that I believe will hold for a while assuming BTC behaves itself. AVAX was rejected by the .618 fib level and is looking to take another shot at that teal horizontal. I do like to see multiple supports converging and we have a triple here with 50ema,demand, and trend line all in same spot. I am still long here trading wise and investment wise. AVAX has been on my core large-cap list for years. I am also trading it on that bounce I showed the chart earlier.
Long
by Apollo_21mil
2
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis: Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to find support for a swing trade entry in Uptrend. How far could it pull back? Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (50%). We believe that $16.00-$16.70 looks like a more robust support area. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
Long
by altFINS
AVAX Neowave - Elliott Wave Theory Analysis (Weekly - Long Term)AVAX is in a bear market from November 2021. A symmetrical pattern is formed from this date. We can say it is one of the best examples of this. "B-D-F" and potential "H" waves have a time & price relationship, while "A-E-G" and potential "I" waves have a price & time relationship. These two groups of waves have the same length in terms of price (one or more of the 8 waves may show a mismatch, for example wave "C") and their temporal relationship is formulated in the lower right part of the chart. As a result, wave "H" potentially targets $15 (2nd-3rd week of November) while wave "I" targets $6 (March 2024). Since the symmetrical structure shows a bearish formation, the upside potential will always be more limited, the expectation is that it will progress more in the form of accumulation. Just a small warning to be cautious, stop-loss be your tovarich! :)
Long
by up_neowave