AVAXUSDTI have taken a short position on AVAX, and this is my own idea. This trade is executed on Bybit.
AVAXUST trade ideas
Avalanche (AVAX) Potential Next MilestoneThis morning, AVAX reached a new yearly high at $24.05. Over the past month, the asset has soared by 170%, with its price moving from $16 to $24 in just the last three days.
The likelihood of further growth for Avalanche remains. Potential next targets for buyers might be the resistance levels at $25 and $26.5. However, this will require solidifying its position above the new yearly high of $24.05.
Should a correction occur, the asset could fall to support zones between $20.92 and $22.00, $20.4, and between $17.83 and $18.80. These levels would present favorable buying opportunities on the spot market, especially if the BTC price remains above $35,000. Conversely, a more aggressive correction in BTC could lead to a significantly steeper decline in altcoin prices, potentially erasing many support areas.
AVAX: Resistance BreakoutAvalanche (AVAX) technical analysis:
Trade setup : Price broke above 200-day moving average and above $14.00 resistance, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked above $16.00, $18.30 and most recently $22.00 resistance levels. Price is now very overbought (RSI ~ 80!), hence, near-term, we’re likely to see it pause here on some profit taking, before resuming its Uptrend. Upside potential to $26 and $30 thereafter.
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 $16.0 (previous resistance), then $14.0. The nearest Resistance Zone is $18.3, then $22.0 and $26.0.
AVAX- ENTRY BY PRICEACTION 📈1-entry :EMA50 + trendline + trend need for rest
2-entry:if break high-swing
📊 (Buy) :
1EN: 16.18$
2EN: 19.14$
🔴 Stop Loss :
1EN: 15.49$
2EN: 18.17$
🎯 Take Profit :
1EN: 19$
2EN: 22$
📡 For more communication with us, send a message in TradingView.
AVAX long to resistanceAVAX past few months PA almost identical to SOL's -- minus SOL's previous run upward, which is exactly what I anticipate from it in the coming weeks.
Brief Analysis——AVAXBTC suddenly pumped during the pullback yesterday, with the price approaching 38000 again. While there is no update on the BTC ETF, our research department noticed an increase in the total number of stablecoins in the market yesterday. FOMO interrupts the pullback.
Previously we wrote a brief analysis of SOL and gave a bullish conclusion. SOL was at 30 at that time. It turns out that SOL performed better than most tokens on the market after that. Today we will focus on AVAX. Avalanche, Matic, and Solana have all been cited as Ethereum killers. Even now when L2 is booming, it still occupies a certain market share. In the crypto market, there has sector rotation, and we believe that chain tokens such as AVAX will succeed SOL.
After Coinbase announced the launch of the AVAX perpetual, AVAX began to accelerate, with long green candles accompanied by obvious trading volume. AVAX has updated the year's high. The next resistance level will be at 29. Judging from the strength of this week's rise, bulls take control.
On the MBF indicator, we can see that from September to October, there was frequent dip buying sentiment on AVAX. The wavy area on the ME indicator has switched from yellow to purple. On the WTA indicator, although destructive candles and the blue column representing whales appeared at the same time (shown as the black dotted line), which was a signal of bullish periodic termination, but AVAX quickly repaired the problem in the following days.
At the 4h level we can see it more clearly. We distinguish AVAX's recent rise and fall with two green areas and one red area. Obviously, at the position indicated by the red arrow, the red candle completely covered the previous green candle, the blue whale also disappeared, and the bullish trend was temporarily ended. After a few hours of correction, a second green zone appears, in which the whales are back again. The two green areas are independent of each other and AVAX are now in a healthy state.
To sum up, AVAX is currently in a healthy upward process at both the daily and 4h levels.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
AVAX - DayTrade - Target: 17.60 Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
Avalanche AVAX to $210 Within MonthsChart speaks for itself. The real fun for CRYPTOCAP:AVAX will start after it hits $210.
Observe On Balance Volume chart on bottom, and price fractal from last cycle's pump.
It is within reason we see this go to the 1.0 FIB extension which is over $2,000 / AVAX in one year's time.
If the T. Rowe Price ( Spruce Node ) for FOREX trading goes into production on Avalanche, this would be the white swan for $2k price rediscovery.
A fantastic HODL.
Not financial advice.
AVAX hit $20 what next?AVAX look bullish but a retracement is the next this will enable move well to around $30 resistance level
AVAX ANALYSIS🔮 #AVAX Analysis - Breakout 🚀🚀
💲💲 There is a breakout of falling wedge pattern in #AVAX in weekly time frame. $20-$22 is a crucial resistance level and if #AVAX holds this level then we will see the price range of $30 in next target. 🚀🚀
💸Current Price -- $20
📈Target Price -- $30
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#AVAX #Cryptocurrency #Breakout #DYOR
🔥AVAX HODLERS IN 90% LOSS! IS THIS A BIG CHANCE FOR WHALES❓The AVAX holders are in a huge loss since highs, so I think the updating the low at $9.3 will be the last stage of final capitulation where we will have the huge opportunity to add this altcoin in our portfolio.
Huge gree area should become the resistance, but it will become a huge support after the breakout of the price.
This is worth nothing for crypto market to turn $3.5M cap altcoin into $10M cap.
💥 is it worth to add to your watchlist? Yes, definitely.
Like♥️ and follow!
Avalanche (AVAXUSDT)After weeks of massive upside, #AVAX faced rejection at $19.75, retraced to $15.50, and reversed.
Anticipating a bit more upside before potential further downside later in the week. Currently at $17.30, within $16.00 - $17.00 support.
If support breaks, downside to $13.80 - $14.25; potential for a healthy reversal. If it moves higher, target at $20.50 - $22.00.
LONG AVAX LONG-TERMAVAX IMO needs to complete this triangle before moving fully into it's step curve. It ill drop consolidate then begin its journey. Enjoy!
AVANLANCE AVAX: Token Unlock and Technical AnalysisThis is a deep-dive analysis on BINANCE:AVAXUSDT , and it seems like sellers are going to break down the historical support and drive the price close to the listing, there is a possibility of Avax crashing to $6 short after the next unlock event.
Based on the on-chain analysis, it appears that the daily transaction count is declining, and this is an indication that there is a drop in interest from the users.
This is my analysis, and I like to know your thoughts in the comment box.
If this analysis makes sense to you, kindly follow me now, like, and support my idea.
I will continue to update you all.
Cheers!
AVAX cool off before 28$ price targetAVAX along with other alts is looking to cool off for a bit, AVAX did not get the same run as Solana because it actually has price action near the lows, SOL dumped so quickly it pretty much created gaps through multiple weeks. AVAX HV is increasing, the RSI is cooling off, this is good, more volatility, more reward. I expect AVAX to dip into this demand and bounce if BTC behaves. Short-term bearish for a few days at most.
AVAX AVALANCHEIn the weekly timeframe, we have formed a curb pattern, which at the same time hit the middle channel and caused the price to return. At the moment, by hitting the roof of the channel, we are pulling back to the neckline of the previously formed head and shoulder pattern. The suitable area for buy, is the neck line, which is indicated by a purple circle
#AVAX/USDT is trying to hold the local support zone in 1-Hour TF#AVAX/USDT is trying to hold the local support zone in 1-Hour TF!
CRYPTOCAP:AVAX needs to hold the zone to remaining bullish. Breakdown or retest below the zone we can short it.
The local resistance level is $19.8, and local support level is $15.935.
AVAX/USDT Perfect Break from the resistance. Need retesting!!💎 AVAX has unquestionably attracted significant market attention. It executed a flawless breakout from the resistance area, characterized by substantial volume and a robust green bullish candle. However, on the daily timeframe, AVAX is yet to undergo the retesting phase at the support level, which previously served as the resistance area. There's a probability scenario where AVAX engages in a retesting phase at the support before resuming its upward trajectory toward the formidable supply area, representing our target zone.
💎 Yet, there's a possibility that AVAX might skip the support retesting phase at $15.70 and directly ascend to the potent supply area, encountering a formidable bearish rejection that triggers a downward movement towards the support level.
💎 In the event that AVAX eventually reaches the support level and undergoes a breakdown, there remains a chance for a reversal. A successful bounce from the demand area at $12.30 could pave the way for AVAX to reclaim the support level at $15.70.
💎 The unfavorable scenario unfolds if, during the retesting at the demand, AVAX struggles to sustain its position and breaches the demand area. In such a scenario, AVAX would revert to a bearish movement, potentially retracing to the key demand area.
swing failure off the AVAX macro chartStars Arena about to light a fire under the AVAX chart
macro looks solid. will post more micro there if there's interest.
AVAXUSDT.1DBased on the provided market data, AVAX (Avalanche) is currently trading at $17.95 against USDT. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 78.40, 93.36, and 65.58, respectively. The Moving Average Convergence Divergence (MACD) for the same periods are 1.32, 1.40, and -0.83.
RSI values above 70 typically indicate that the asset may be overbought, suggesting a potential price correction could occur in the near future. The high RSI values on the 4-hour and 1-day charts suggest that AVAX is currently overbought and could be due for a correction.
The MACD values for the 4-hour and 1-day charts are positive, indicating bullish momentum. However, the negative MACD for the 7-day chart suggests a bearish trend in the longer term.
The Bollinger Bands (Bb) for the 4-hour, 1-day, and 7-day charts are 19.15, 17.62, and 18.0. The current price is above the Bb for the 1-day chart, which along with the high RSI, could indicate overbuying and a potential price correction.
In terms of support and resistance levels, AVAX has support at $15.20, $12.46, and $11.10 for the 4-hour chart, and resistance at $19.15, $22.34, and $23.00. For the 1-day chart, the support levels are $12.46, $8.81, and $8.37, with resistance at $22.36, $24.13, and $30.90. The 7-day chart shows support at $11.76, $10.50, and $7.60, and resistance at $23.00, $30.00, and $35.80.
Based on the above analysis, while there is short-term bullish momentum, the high RSI values suggest a correction might be imminent. The long-term trend, as indicated by the 7-day MACD, is bearish. Therefore, traders should proceed with caution and consider setting stop losses to protect against potential price drops.
Please note that this analysis is based on the current market data and does not take into account unforeseen future market events. Always do your own research and consider your financial situation before making investment decisions.
AVAX LongAVAX uptrend is materializing. AVAX has been following a good trend. Might Squeeze up more. The uptrend has been GOOD, you might want to wait for that resistance line to break before joining.
