AVAXUSDTAVAXUSDT is in bearish trend.
Potentially printing LH and LL.
No sign of trend reversal here.
We wait and watch for the breakout of lat LL.
AVAXUSDT trade ideas
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.
AVAX will hit $16 Avax is on the way to go below $16 after breaking from $20 support zone all bulls should be careful
Re-entry on AVAXI was also able to exit my trading section of AVAX on this crash and have re-entered on a prior double candle body top on the dashed red. The RSI looks to be reversing. AVAX did blast through the .5 fib and demand on this dump so be careful.
AVAX Elliott wave counts.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
AVAX 1H update.
In at 22.624.
Got close to my stop but kept me in.
Want to see how the next 12hrs print to see where its at.
But this is what I am looking for.
A bit of Elliottwave and SMC in there.
Gave a 2nd Algo entry as well.
Altcoin
Avax heading towards 14$Will keep this one short.
Think we will see Avax push towards 14$ in the next few days/week. Depending on BTC we could see another drop to 10$, if BTC decides to retest the 32k breakout level. But personally I believe this won't happen since it would be too obvious (crowded trade).
So, if BTC defends the 33k level this weekend, Avax might break above 11.40-11.60$ as soon as BTC is making new highs. From there we should see 14$ pretty quick.
Stay safe.
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! :)
$AVAX Update - Strong Support Zone - Potential for breakdownA few updated price levels on AVAX, Incredible asset but has the potential for a breakdown below current levels, if it maintains (Which I think it will), we should see a rise to the outlined $28 region.
Refer to my previous CRYPTOCAP:AVAX post for more information.
$AVAX game planGODCHART,
Every level should be clear and should be respected with swing trades or scalps.
CRYPTOCAP:AVAX should not be slept on now that also AVAX/BTC had a proper bounce.
figure the levels out and you will be fine
AVAX GOING TO $19 and belowStarting my analysis with AVAX short this week as price entered our Premium zone for short for the third time since market makers are busy working on shorts it's a strong indication that may see some strong dump in the market soon
AVAX Important areas for trade$In the weekly time, I drew the demand and supply areas that are likely to react to the trade.
You can look for a position to enter in these areas.
Avax retest before price targetAvax is looking like it wants to retest my green dashed line of 23.51 which is an area of high interest. The previous demand was of perfect supportive structure, I have not seen many tokens use a demand that amazingly on a four hour timeframe. I updated the demand, RSI is still in an uptrend although a slow one. I believe AVAX still hits my price target of 28$ before end of year assuming Bitcoin behaves. With the Argentina president news, I believe BTC rips tomorrow.
🔥 AVAX 1H Triangle Formation - Short Then Long🔥 AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! 🚀
Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. 📈
✨ Brief Short Opportunity:
On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position.
📉 Entry Point: $22.0
🎯 Target: $18.3
🛑 Stop-Loss: $24.7
✨ Subsequent Long Opportunity:
Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above .
📈 Entry Point: $18.3
🎯 Target: At least $30
🛑 Stop-Loss: $16.5
🔍 Conclusion:
This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.
MId Term Avax Target ---> Possible 50% bullish IdeaHello traders. I been keeping my eye on this gem for a while. CRYPTOCAP:AVAX currently one of the most bullish coin in the current market conditions. Daily chart showing extreme bullish signs. If market conditions gets better, we may see 50%+ move within this year. I will update this chart as we move along!
AVAX Strategy performance since 2022Looking back at 2022. Although the cryptocurrency market is in a difficult process. But there has been some pretty good growth recently. This is the backtest result from the beginning of the 2022 until now of AVAXUSDT.P (AVAX) perp. It can be automated.
AVAX on second fib testAVAX is testing the .618 fib for a second time on the 4 hour very clearly, a local demand is drawn for context. Volume average is climbing as well as RSI. The wicks are testing the demand and I believe we consolidate generally above the green rectangle (demand) before another run.
AVAXUSDT in a little bit long term. Hello how to trade learners. Here you go you luckies. This is the scenario which I feel will be played for AVAX in maximum two month. By the way keep in mind that I am new in this area, nothing I say here is a financial advice. You are very likely to loose a fortune if you trade believing in my analysis.
So, why I think AVAX is ought to come down? Because it has been moving up about 120% without thinking to make some correction. And all the traders keep saying "OOO it is a bull market coming! Bull market aaaa!" Fear & Greed indicator is showing almost 75% greed. I feel that whales are coming to haunt many of us.
Never enter with all you got. Keep money for the bloody days coming. Do not bring here the money you cannot loose.
Last but the most important: Never give your friend a financial advice.
AVAX AVALANCHE EW countAVAX EW COUNT
momentum looks weak to me, hasn't made impressive move up (compared to many other alt charts). Technical target according to my count should hit $30.00 - $38.00 area as wave 4 retracement, looking at the current move as a minor degree ABC to start a larger degree ABC. The (B) in question relates to current structure and market condition, it could end lower near the lows (as long it remains above the current low), we can count it as the ABC. The other outlook favoring bullish thesis is the move up from (B) is just wave (i). It will all depend on how the markets play out to end April going into May.
We are favoring the bearish sentiment, looking at BTC as possible move up completed but also considering 1 more leg higher left to complete is still possible.
For the moment theres no entry or trade setup. If you bought AVAX at the lows, hopefully you secured some profits by now.
Will update the counts as candles print.
Feel free to share and comment, if you find it helpful please click like to show support.
Thank you & Safe Trading,
Cheers
Trade according to the Smart Money Concept Luxalgo indicatortrade according to the Smart Money Concept Luxalgo indicator
- Reversal signal, find entry point
- The boss indicates trend continuation to find a continuation point
- TP by wave and fta
AVAX GROWTH - CHART - Supports and ResistancesThis is just a supporting chart for the Video I put out Earlier.
Currently touching the bottom of the channel I mentioned.
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
AVAX EXPLOSIVE Growth Potential - DAPP BuilderPlease Excuse the audio, I have a version on my Youtube with far better audio, for some reason, my computer won't let me select my Microphone. You can find our youtube link in our trading view bio
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
AVAX's bullrun is nearFrom where I inserted "Start" the big B branch started. Our big B branch seems to be a diametric that has recently been hit by an F wave Only one G wave of this structure remains. I specified "Buy Zone". If you come back to this area, it is a shopping opportunity.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
