we can have a nice swingHey traders! I will wait to have 30$ price, the next wave should be like up to 63-65 dollars ;)
AVAXUST trade ideas
Navigating Support and Resistance with Renko ChartsToday we continue our deep dive into support and resistance levels and explore how traders can effectively utilize Renko charts and Donchian channels to identify these price zones. Renko charts, known for their simplicity and ability to filter out market noise, provide a unique perspective on price movement. We'll discuss how Renko charts work and demonstrate their effectiveness in pinpointing support and resistance levels with the help of Donchian channels. Donchian channels are a popular technical analysis tool that maps out the highest highs and lowest lows over a given period.
By combining the insights from Renko charts and Donchian channels, traders gain a comprehensive approach to detecting key support and resistance areas in any market condition. Whether you're a novice trader or an experienced professional, we hope this video aids anyone seeking to enhance their ability to define support and resistance for any asset.
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 : Neutral on Short-Term basis and Uptrend on Medium- and 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 $35, which it broke, then $25. The nearest Resistance Zone is $50.
AVAX - The Crypto Short SignalToday its Sunday and we havent yet dropped.
It's very common in these situations for coins to be making descending triangles, so I will wait for the money to be taken on AVAX.
I will be shorting AVAX at the price shown, as well as adding BTC short at whatever price BTC is at, when AVAX is at this price.
I cannot say a figure in mind for BTC at the moment.
AVAX IDEAAVAX Head and shoulders pattern off the Elliot wave, to ABC move correction. Target into the fib retracement .618
AVAXUSDTAVAXUSDT 4H In my opinion, after the withdrawal of money from Bitcoin, the movement path will be like this. Don't worry, I see the future as green.
💵 AVAXUSDT 🌊 Promising Opportunity 🚀 AVAXUSDT A Promising Opportunity
Elliott Wave Counting:
On careful examination of the AVAXUSDT chart, an Elliott Wave pattern is evident. Currently, the token appears to be concluding the 4th wave within this structure. Notably, this wave is converging on a substantial support zone, reinforcing the potential significance of this level in the overall price action.
Support:
So the current market conditions indicate a robust support zone, adding credibility to the completion of the 4th wave. Historical price behavior around this level suggests a historical precedent for a reversal or continuation of the uptrend.
Fibonacci Extension Analysis:
Integrating Fibonacci extensions into the analysis enhances the precision of our predictions. The 5th wave is highlighted on the chart, and it aligns with the 1.618 Fibonacci extension level . This confluence adds a layer of confirmation to the strength of the upcoming move.
Buy and Hold:
Considering the completion of the 4th wave, the historical significance of the support zone, and the alignment of the 5th wave with the 1.618 Fibonacci extension, there's a compelling case for a buy and hold strategy. This strategy is bolstered by the potential for a sustained bullish move in the upcoming phases.
Technical analysis of AVAX signals a favorable opportunity for traders and investors. The convergence of Elliott Wave patterns, strong support zones, and Fibonacci extensions at the 5th wave point collectively present a compelling case for a bullish stance.
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 : Neutral 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).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
⚡️AVAXUSDT CMC TRADING ⚡️ HEAD & SHOULDER AVAXUSDT has recently breached a critical support level following the formation of a head and shoulders pattern. This development indicates a significant potential downward movement to finalize the structural breakout. Anticipating a retracement towards the trend line identified on the daily timeframe is our outlook.
AVAX potential downside to $35My MACD-VWAP indicator signaling potential downside for AVAX to $35 in the coming weeks. My next buy the dip zones are 35 dollars and if we break that with volume, the next downside target is 28 dollars. While in the long run I'm bullish on AVAX, in the near term we may pull back to 28-35 zone that is health for continuation of the longer term bullish structure.
For a limited time I will give free access to my indicator that has been catching winning trades. DM me to request access.
Read the rules of the the trading system below.
AVAX/USDT All targets achieved 😎 95.55% ✅🚀Binance Futures, KuCoin Futures, OKX Futures
#AVAX/USDT All take-profit targets achieved 😎
Profit: 95.55% 📈
Period: 13 Hours 45 Minutes ⏰
Explore potential profits with AVAXUSDT! Current trends and indicators hint at a lucrative scalping opportunity, with a projected 95.55% profit potential. Stay tuned for real-time insights as AVAXUSDT gears up for a promising future in scalping trades. 🚀 #AVAXUSDT #ScalpingOpportunity
AVAXUSDTAVAXUSDT Short at LH (also 0.5 FIB , trendline resistance intact )
SL , TP mention in chart
Analysis at 4 hour
AVAXUSDTBINANCE:AVAXUSDT Short idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment
AVAXUSDT: 4HR VIEW BINANCE:AVAXUSDT currently in consolidation phase, few candles show some bullish character and we expect a nice clean move from this area. Though, if price decides to remain bearish then it can fall further down where there is imbalance which price will likely to fill before it touches the 55.00 region.
What do you think about this pair, do you think it will create a new record?
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and 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.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
🔥 AVAX: Waiting For The Perfect EntryAVAX has been on a killer bull-run over the last two months. However, it seems that this token is currently facing a cooling-off period.
Potentially, this is great news for patient bulls. AVAX is trading within a bullish symmetrical channel, we're going to wait until the token hits the bottom support.
Not sure if we will actually hit this support. However, be ready for when it does.
✴️ Avalanche | Long-Term Support Will Lead To Long-Term Growth Avalanche growth potential is huge, the 700% mapped on this chart can happen medium-term... I still have to see it to believe it though.
Let's get into chart analysis... Please allow me to share with you what I see.
Notice the gray space/line at the bottom of the chart, this marks the support level AVAXUSDT established back in mid-2021. There's additional data before it but it isn't relevant for this analysis, the main signal we will look at.
This long-term, strong support level is tested in September and October 2023.
➖ AVAXUSDT briefly moves below it just to recover.
➖ The recovery is a very strong bullish signal.
✔️ As long as AVAXUSDT trades above 9.30, we can expect massive growth.
✔️ If it moves back below, then there can be additional correction before any major bullish action.
Notice how volume rises above this level and this week is the fourth green session.
It will be interesting to see the final results... How far up it goes and the All-Time High of course.
2024 Will be a very interesting year... Imagine all the positive news that needs to develop around Cryptocurrency to support what we are seeing on these charts.
Namaste.
latest movement..? (AVAX)❤️❤️Thanks for boosting 🚀 and supporting us!
📈when in bull-trend we can trade in bull-trend in small correction ___ with distance measuremove last movement for reverse trend.
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
The Avalanche Price Is at Risk of Losing Key SupportBINANCE:AVAXUSDT is retesting the lower barrier of a medium-term positive price channel that had formed on its daily chart over the past few weeks. This specific channel saw AVAX’s value rise from a low of $12.29 on Nov. 7 to a high of $48.27 on Dec. 23. Since reaching this peak, traders have started offloading their holdings in the cryptocurrency.
This wave of sell pressure resulted in the formation of a bearish descending triangle on AVAX’s daily chart. Should this pattern be validated, the Avalanche price may drop below the base of the triangle pattern, which is situated at $37.15. A break below this significant price point may then be followed by the cryptocurrency’s value falling to the subsequent support level at $27 in the coming few days.
This bearish thesis could be invalidated if the Avalanche price is able to close the next 2 daily candles above $37.15. In this alternative scenario, the crypto could enter into a short-term bullish move towards the $52.60 resistance level.
Technicals Suggest AVAX’s Correction Is Not Over Yet
Technical indicators on AVAX’s daily chart suggested that AVAX’s negative trend may continue in the upcoming 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators support a bearish outlook.
The MACD line is breaking away below the MACD Signal line. In addition to this, the slope of the MACD Histogram is negative. These two technical flags are generally indicative of a continuation of a bearish trend. Sellers also seem to have the upper hand against buyers, as the RSI line is positioned below the RSI Simple Moving Average (SMA) line.
AvaxusdtEverything will be interesting.
Nothing is over, it's just the beginning. The targets I want are 44-48-50-66-80 dollars, the green market will just start.
