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AVAX / UST

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AVAXUST trade ideas

AVAX: Channel DownTrade setup : After getting rejected at $50 resistance, price has been pulling back, forming a Channel Down pattern. Notice that the price is also nearing oversold levels (RSI ~ 30) just as it approaches $25 support. That’s also 78.60% Fibonacci Retracement level (potential support) of $25.70. Hence, near term, we could see price bounce up to $30. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35 (previous support), then $50.
Long
by altFINS
AVAX USDT LONG SWING | AVAXUSDT | LONG @ 14 - 16 | TP @ 16.5, 17, 17.5, 18, 18.5 | SL @ 11.5 | PATTERN = FALLING WEDGE | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames. BINANCE:AVAXUSDT BINANCE:AVAXUSD COINBASE:AVAXUSD BINANCE:AVAXUSDT.P KUCOIN:AVAXUSDT BYBIT:AVAXUSDT.P BITFINEX:AVAXUSD BITSTAMP:AVAXUSD OKX:AVAXUSD.P
Long
by Coindatahouse
AVAXUSDT.PI've observed a significant upward movement in the 4-hour timeframe, indicating a potential trend reversal. However, it's crucial to acknowledge the substantial fluctuation within the 4-hour Order Block, underscoring the need for confirmation. Despite the pronounced fluctuations, the 4-hour Order Block remains unbroken, and the overall trend is still bullish. Concurrently, the 1-hour timeframe signals a downtrend. In light of these conflicting indicators, it is not advisable to consider a long position in this zone. However, with effective risk management, one might consider entering a long position at the current price on the chart After reaching the 1-hour Order Block, and upon receiving confirmation in the 15-minute time frame, a potential short position could present a favorable opportunity I am trying to explore all possibilities and map the path of the market in the future. I hope my analyses help you gain profits. It would be my pleasure to hear your thoughts on the analysis.
Long
by arman_ariamanesh
1
AVAXUSDT.1DBased on the given market data, the AVAX is currently trading at $33.22. The coin has a relatively neutral RSI on the 4-hour chart at 43.23, which means it's neither overbought nor oversold. The MACD on the 4-hour chart is negative, suggesting a bearish momentum. The Bollinger Bands on the 4-hour chart indicate a possible resistance level at $34.56. The support levels are at $30.95, $29.22, and $25.46. If AVAX breaks below these support levels, we could see further downward movement. However, if it breaks above the resistance level of $37.73, it could test the higher resistance levels at $41.92 and $43.65. On the daily chart, the RSI is slightly lower at 40.11, which may indicate a bearish trend. The MACD is also negative on the daily chart, further confirming the bearish momentum. The Bollinger Bands on the daily chart show a potential resistance level at $40.04. The support levels are at $30.92, $22.98, and $20.70. The resistance levels are at $41.88, $50.10, and $53.66. The 7-day RSI is at 67.82, which is closer to the overbought territory. This could indicate a potential price correction in the near term. The MACD on the 7-day chart is positive, suggesting a bullish momentum. The Bollinger Bands on the 7-day chart show a potential resistance level at $47.63. The support levels are at $22.42, $8.75, and $3.00. The resistance levels are at $50.10, $54.0, and $63.25. In conclusion, the short-term indicators suggest a bearish momentum for AVAX, while the 7-day indicators hint at a bullish momentum. It's essential to monitor the market closely and consider other factors before making investment decisions. Always remember that cryptocurrency investments come with high risks due to their volatile nature.
by MarsSignals
AVAX Gearing Up: Liquidation Pool Unveiled as Catalyst for PUMPAvalanche (AVAX) has orchestrated a compelling narrative on its 4-hour chart, crafting an extensive pool of liquidity beneath a crucial horizontal support level. As equal lows paint the canvas, anticipation mounts for the withdrawal of this liquidity, acting as a powerful propellant for AVAX's upward trajectory. Key Elements of AVAX's Strategic Liquidation Pool: Strategic Liquidity Pool Formation: AVAX on the 4-hour chart has meticulously formed a substantial liquidity pool beneath a horizontal support level. This strategic formation holds the potential to serve as a launchpad for a significant move in the upward direction. Equal Lows as Precursors to Potential Ascent: The emergence of equal lows in the chart designates a level playing field, suggesting equilibrium between buyers and sellers. This equilibrium, when disrupted by the withdrawal of the liquidity pool, could serve as fuel for AVAX's ascent. The Unveiling Drama - What to Watch For: Strategic Withdrawal of Liquidity: Traders and investors are keenly watching for signs of a strategic withdrawal of liquidity beneath the crucial horizontal support. The removal of this liquidity acts as a catalyst, providing the necessary momentum for AVAX to ascend. Fueling the Ascent: Equal lows, indicative of a balanced market, set the stage for a potential breakout. As liquidity is drawn, it unleashes the fuel needed for AVAX to surge higher, potentially initiating a sustained upward trend. Strategies for Traders: Observing Liquidity Withdrawal Signals: Traders should closely monitor the charts for signals indicating the strategic withdrawal of liquidity. Confirmation of this event could serve as a pivotal moment to enter or adjust positions. Understanding Equal Lows Dynamics: Recognize the significance of equal lows as a precursor to potential market equilibrium. Utilize this understanding to gauge the impending direction of AVAX and adjust strategies accordingly. Conclusion: AVAX's Liquidation Symphony and Ascent Anticipation AVAX's strategic formation of a liquidity pool beneath a crucial support level, combined with the equilibrium depicted by equal lows, sets the stage for an intriguing market symphony. Traders and enthusiasts eagerly await the drama's climax as liquidity is withdrawn, potentially unleashing a powerful ascent. 🚀 Catalyst of Liquidity | ⚖ Equal Lows Dynamics | 📈 Fueling the Ascent 💬 Share your insights: How do you interpret AVAX's liquidity dynamics, and what strategies are you employing as the drama unfolds? 🌐✨
Long
by Yaroslav_Krasko
1
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! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
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.
Long
by Apollo_21mil
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.
Long
by altFINS
1