AVAX - ShortGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
AVAXUST trade ideas
#AVAXUSDT (WATCHLIST) 10-2023!#AVAXUSDT
Project category: Layer 1 blockchain protocol
Avalanche is a decentralized platform for launching finance applications and enterprise blockchain deployments. It provides high throughput, low latency, and low-cost transactions. Avalanche is also highly scalable and can support a large number of users and applications.
Market cap: $3,745,090,955 USD (as of October 26, 2023)
Coin supply: 355,017,520 AVAX
Max supply: 720,000,000 AVAX
AVAX is the native token of the Avalanche network and is used for staking, paying transaction fees, and accessing dApps on the network.
AVAX is currently ranked #20 by market capitalization on CoinMarketCap.
Add to your watchlist
When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
$53 WE GO $AVAX The goal remains $53 for me before any shakeout. Of course it depends of Sir. Bitcoin, however if Bitcoin stays calm, CRYPTOCAP:AVAX is promised to a $53 before any clear resistance.
AVAX: Resistance BreakoutTrade setup : Bullish break above $35 signaled continuation of uptrend. However, price is now very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Entry clear, but my favorite exit is half of a big wickThe AVAXUSDT trade is still on but if there i a strong pullack the exit will be at a rally to a prior 50% level of a daily chandles wick
AVAXUSDT - SHORTAVAXUSDT.P is showing Bearish Divergence, followed by a Head & Shoulder pattern, which strengthens the indication of a potential trend reversal from bullish to bearish.
AVAX - Overvalued relative to alternatives?Traders might start taking profits at the first indication of bearish power equality and move their funds to similar alternatives like ATOM and DOT which haven't (yet?) experienced the runup of AVAX.
Recent large ranges indicate this is already occurring.
Where is the destination of AVAX✅⁉️
🔴AVAX is poised to explode after a 130% surge in the last 3 months. Are you ready🔍👀
🔴Note: All white lines are PRZs, which are generated based on x.y.z.🎗️
🎗️AVAX to reach all-time high and surprise us?🌪️
AVAX at strong historical resistance. Time to short?Avax price is at strong historical (2021) resistance on the weekly chart. Rsi is in the high oversold area.
On the daily chart the volume is dropping for six days and the price can't break 42ish resistance (bearish divergance). Also the Rsi is above 90 on the daily chart.
My opinion is it needs to cool down before another jump.
Avax price at strong historical resistance. Time to short?Avax price is at strong historical resistance on the weekly chart. Rsi is in the high oversold area. On the daily chart the volume is dropping and the price can't break 42ish resistance on the several candles. Rsi above 90 on the daily chart. My opinion is it needs to cool down before another jump.
What are your ideas for the rise continuation if so?
here we go high #avax has good price action in this level and chas good price action in this level and can reach 60
#avax
AVAX - bearish divergenceshi Traders,
AVAX pumped a lot and we can see a tripple bearish divergences.
At the moment, the price is bouncing from the support but it may be a short lifted bounce as these divergences are real now and in my opinion it will be difficult to continue this uptrend without dipper pullback.
Expecting one more push up to form a reversal pattern such as double top, and next dipper correction towards 32 $.
Entry, target an stop loss are shown on the chart
Do you agree? :)
Avax contraction into volatilityAvax has contracted during an upward market with marked consolidation. The RSI is taking a breather and a local demand is updated. I expect another push here as the token consolidates directly on an important historical resistance level. Volume is growing immensely , especially after this CPI print that was bullish. We might even test this golden fib ( very bullish if so) at 55$ soon.
AVAX Looks ready to pumpAvax trend is still strong, the bulls are behind the door. I expect a good pump as soon as the price can broke up the resistance i drawed. Target 47/48 area
Avaxusdt Trading ideaYou all will agree with me that AVAXUSDT hit major ATH in Novemeber 2021 which follows with massive correction immediately and finally found bottom in December 2022which resulted into the price dropping about 92.8% of its value.
Major bullish divergence was observed with RSI, the Relative Strength Index (RSI) indicator for AVAXUSDT is currently showing a bullish divergence, with the RSI forming higher lows while the price is forming lower lows. This is a sign of bullish momentum building up, and it could indicate a potential reversal in the near future.
In respect to the divergence, I believe this resulted into upside rally from late December 2022, and this move is expected to continue until price test out the major downtrend trendline resistance area.
Right now, the price heading to our Buy back zone where an immediate reversal of price is expected. Failure of price to hold this level will lead it to test the bottom trendline once again.
We should monitor price action closely and use appropriate risk management strategies as necessary.
Avax wants to settle downtrend reversal on smaller timeframe... alligning with BTC drop, highly probable trade. Could be a quick trade too..
on higher TF(4H, 1D this reversal can extend upto 26, 21, 19, 14 Dollars and still AVAx would be in an uptrend on weekly timeframe.
looking a good trade here.
AVAXUSDTIf AVAX drops below the previous pDLOW, then we will look for a long position in the purple zone. When it rises to around 0.5 fib, we start considering a short position. Because if it has gone below pDLOW, it means it is weak, and the trend is starting to change. If it doesn't drop below pDLOW, it is still BULLISH, and we don't consider going SHORT.
AVAX (Follower Request)Somebody just asked my thoughts about Avaxusdt.
I Just don't trade this one at all so this is not any trade idea.
I am just sharing my thoughts and idea about what could happen and what could be the ideal scenario in this one.
I think this one can claim 50 Area and Deviate back to range.
Boosts and follows helps me to motivate for new Ideas.
Thanks.
Note: This is not a trade idea.
Note: Not a Financial Advice.
Avax Last updateNow avax is around 40 we will see it soon at 38 first target and 36-35 second target please sell any goes up is a good opportunity to sell more
AVAX Continued its Upward TrajectoryAvalanche (AVAX)
Despite Bitcoin's recent decline to the $40,000 mark, AVAX has continued its upward trajectory this December. In the last fortnight, the asset has surged by 66%, hitting a new annual high at $42.96.
Currently, AVAX is undergoing a correction, with its price hovering around the support zone of $32.7-$34.7. The key resistance level to watch is $38.4. If breached, the coin might retest the higher resistance zone of $40.7-$43.0.
The future course of AVAX will heavily depend on Bitcoin's trend. A continued downtrend in BTC could potentially drag AVAX down to new lows, possibly to $30.5 or the $26.2-$28.4 level.
Avax 40$ todayAVAX washed after my bullflag breakout unfortunately but I think this thing is above to rip to my second dashed green today. The decoupling of avax/sol from BTC is apparent. Maybe 45$ today tbh the market wants it.
#AVAX drop idea#AVAX drop idea
personal idea
down flip happened on Yellow Box !
pullback to ma20/1H .. it may touch and price can drop due to sell order block
its also near to the last Lower High ....
RStrenderMoney maker. This is called money maker which provides the proper sell and buy signal according to the price action.
