🏔️📈 AVAX - Support and Potential Entry Points! 🚀💰🔍 Current Situation:
Support Found: AVAX has identified local support at $34.74.
Price Movement: The price is gradually advancing toward $42.30.
🚨 Contingency Plan:
Next Major Support: If the current level is lost, the next substantial support lies at $28.
📊 Trading Strategy:
Laddering In: It's considered safe to ladder into positions as long as AVAX maintains and constructs structure at $35.27.
📢 Note: Always stay vigilant about market conditions and adjust your strategies accordingly.
Keep an eye on broader trends and potential scenarios. 🏔️📈 #AVAX #CryptoTrading #SupportEntry 🚀💰
AVAXUSDT trade ideas
AVAX WEEKLYBullish on AVAX/USDT / Weekly Chart.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
Chart Pattern Analysis Of AVAX
K3 verified a bullish hammer candle K1 under increased volume,
And then, K4 and K5 had a decreased supply volume.
So, a potential uptrend is possibly on the way.
I had bought some tokens at K5.
If K6 break up K5, it still worth to buy in.
Stop loss set at the lower price of K5.
There are many tokes still at the bottom of the previous bear market,
I had bought some of them, and will try to hold them for a long time.
AVAX → Avalanche Pullback Complete? Long to $50 or Higher!AVAX ran three pushes up in a bull channel just shy of the 2022 Resistance area topping out at $50. That was followed by a pullback and a strong bull signal. Is it time to long?
How do we trade this? 🤔
A long entry is close to being justified! Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $50 (psychological number because it's even) just below the 2022 resistance price of $53.25, followed by three pushes down in a micro-bear channel, the final push of the bear channel ended in a strong bull signal bar, and we have a good bull bar close on the third after the signal bar.
What we need now is a strong bill close above the 30EMA. A desirable data point would be a re-test of the micro-bear channel resistance as support to add probability to our long. However, I do not believe this is required to justify a long entry.
I believe we need to be conservative longing at this stage in the crypto market, which is why I only advocate for a 1:1 scalp at a lower than maximum position size allowed for your trading strategy. I think Bitcoin and Ethereum have a larger pullback on the horizon, but do believe the market will come up a bit before it goes down.
💡 Trade Idea 💡
Long Entry: $34.90
🟥 Stop Loss: $23.90
✅ Take Profit: $45.90
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three pushes up in a bull channel ending at 2022 Resistance.
2. Micro Bear Channel forms with three pushes down.
3. Strong bull signal buy bar on the third push.
4. Wait for a close above the Daily 30EMA to enter a long position.
5. RSI at 46.00 and above the Moving Average, supports long bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ 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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AVAX Bullish Price Action!Long opportunity here on AVAX . Falling wedge which is a bullish pattern. Price has reclaimed the .786 & POC. Target is 14% away.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
AVAXUSDT Avax looking to breakoutMany cryptos breaking out of short term downtrends.
Keep your trades simple. Look for Avax to break the downtrend, wait for the retest to confirm.
Take profit at;
38.1878
40.745
42.971
Caution, if BTC has a small pull back look for atls to have a big move down invalidating the trend breakout.
Avalanche Lower High Confirmed | Marketwide Signal➖ This is a regular ABC correction: The top of wave b is lower than the start of wave a.
➖ In the irregular ABC correction, the top of wave b is higher than the start of wave a.
On the 15th of February, Avalanche (AVAXUSDT) produced a lower high compared to 24-December 2023. This is true for many, many Altcoins.
Some Altcoins though such as Binance Coin did not produce a lower high and instead are peaking just now —Feb. 2024.
Bitcoin, as the top Crypto, went on to produce a higher high in February but this higher high is simply wave b of an ABC correction, the irregular kind of type.
The market has been in a bearish phase for months. It isn't evident on all the charts for obvious reasons but, the majority of the Altcoins peaked in November-December 2023. Only a few peaked this year, 2024.
The bearish bias here confirms that a correction is coming to Bitcoin; because we are all one and the same. What one does, the rest follow.
Already shared we have:
➖ Polygon (MATICUSDT); ABC.
➖ Dogecoin (DOGEUSDT); ABC.
➖ Aptos (APTUSDT); ABC.
➖ Cardano (ADAUSDT); ABC.
➖ Solana (SOLUSDT); ABC.
➖ ETC.
Ethereum is the #1 Altcoin; The second Cryptocurrency by market-capitalization. Many people have their eyes on Bitcoin and Ethereum and thus the market bias won't be easily detected on these charts. Ethereum also continued moving rather than peak early on.
One caveat though, it is still moving but also because it lagged behind in 2023.
Bottom line is this: The Cryptocurrency market is already bearish, technically speaking.
I am sharing this information with my dear supporters in mind, so that you can go ahead and prepare (take profits).
The market moves in waves... After strong bullish action, a correction takes place.
I will share more Altcoins to reinforce my point.
You can visit the related ideas below for more.
Namaste.
Buy Signal for AVAXUSDTAnalysis:
RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum.
MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias.
Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point.
Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3.
Trade Plan:
Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD.
Take Profit:
TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile.
TP2: Place the second take-profit level at the next zone of higher volume in the volume profile.
TP3: Target the third take-profit level at the subsequent zone of higher volume.
Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.
AVAX heads up at $43: Break could run to $69 or reject to $20This is a follow up to my post linked below.
AVAX broke out of range and ran to major resistance.
At a Genesis (from birth) Golden fib plus local Golden.
This could end this particular wave, or break and run.
Drag the PRICE scale DOWN to see other zones above.
$ 43 is the immediate resistance then $49 per last high.
$ 69 above is the next Golden fib (sister of this one at 43).
Previous analysis looking for break out:
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Trading Analysis for AVAX/USDT
Certainly! Here's the analysis translated into English:
It seems that you have made a decision based on a technical analysis of the AVAX/USDT chart. You mentioned that the price has broken an important zone and is currently testing the zone between 38.9 and 39.6. In this scenario, you have decided to take a selling position, with a profit target set at 33.17.
Here are some elements you could include in your analysis:
Identification of the critical zone: Describe the zone you consider important, explaining perhaps the technical or fundamental reasons that make this zone significant.
Breakout of the zone: Specify how the price managed to break this critical zone. This could include technical indicators, support and resistance levels, or other relevant factors.
Testing the zone: Explain why the current test in the 38.9 to 39.6 zone is important. Has the price bounced off this zone in the past? Are there candlestick patterns or other technical signals confirming the validity of this zone?
Selling position: Explain why you chose to take a selling position. This could include specific signals from your technical analysis or reversal patterns.
Profit target: Explain why you set your profit target at 33.17. This could be based on previous support levels, Fibonacci ratios, or other technical factors.
Risk management: Make sure to mention how you will manage the risks associated with your position. This may include using stop-loss orders to limit losses.
Finally, remember to advise traders that this is a personal analysis and that financial markets involve risks. Good luck with your trade!
AVAX UpdateEven if the market is euphoric, we need to watch certain levels.
In this example , AVAX is clearly displaying an ascending channel and not is in the lower range.
Current major support at $38 and a possible high of around $45 .
Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.