AVAXUSDT.P trade ideas
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AVAX 07/04/2024Avax increased by 9.47% from weekly imbalance level. We are in the discount level and it is better to accumulate from these levels. Price can give a retest now and continue to fill imbalances above.
If we pass the Weekly open level then we can target higher prices. PWO and MO is at the same level which makes it strong resistance level.
Avalanche / AVAX analysisThe price of AVAX is $20.7 today with a 24hour trading volume of 400 million dollars and its 95% up since last month
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereumโs rivals, aiming to unseat ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
Avalancheโs bridge has performed over $60B in transfer recently a key factor in its rapidly growing DeFi ecosystem but now lets look at the price and chart
breaking 12 resistance and down-trend was a great opportunity for scalpers to long and make some quick buck. as you see 21-22 is the next resistance and after hitting 21 we had some correction
like most asset classes the market waiting for Federal Reserve's first meeting and rate decision of 2023 so be ready for some volatility in crypto. for long term Im bullish on avax
avax next targets are 23, 25 and 27
AVAX) Chart Analysis: Potential Bullish Breakout from Wyckoff This analysis examines the Avalanche (AVAX) price chart, specifically focusing on a technical pattern that suggests a possible bullish breakout.
Wyckoff Accumulation Schematic:
The chart appears to be exhibiting a Wyckoff accumulation schematic. This theory, developed by legendary trader Richard Wyckoff, suggests a price pattern that can precede a significant upward move. Here's a breakdown of the Wyckoff accumulation phases:
Spring: An initial downtrend that tests support levels and identifies strong buying interest.
Selling Climax: A sharp price drop that shakes out weak holders.
Accumulation Schematic: A trading range with relatively equal highs and lows, representing accumulation by informed buyers.
Markup: A sustained price increase as buying pressure overwhelms selling pressure.
Potential Breakout:
The current price action suggests AVAX might be nearing the end of the accumulation phase and on the verge of a breakout, or "jumping the creek" as some analysts refer to it based on the Wyckoff terminology. This breakout would ideally be accompanied by increased trading volume to confirm buying pressure.
Target Price:
Based on the Wyckoff accumulation theory, the target price for AVAX could be around $87 or higher. This target is projected by measuring the height of the accumulation range and adding it to the breakout point.
$AVAX 2 more days to go before we pop imho
reclaim 7 ema and then previous range low to flip range high and initiate fomo
assuming dominance must be topping out and dixie ready to get knocked back down
afk most of the times with some low leverage trades
2 weeks of fast n furious incoming
invalidation beloow vwap or looser yet 200 ema
rsi crossing yellow band shohld help us along
got some more QI in anticipation till 4.2c
Livermore Cylinder and Elliot WaveImagine peering into a TradingView chart and spotting a Livermore accumulation cylinder, standing tall and proud amidst the sea of price action. It's like stumbling upon a hidden treasure chest in the vast ocean of market data.
And nestled within this cylinder, you notice the graceful formation of an Elliott Wave leading diagonal, tracing its elegant path across the chart like a dancer on stage. Each wave seems to tell a story, hinting at the market's intentions with every graceful movement.
As you study this mesmerizing spectacle, your mind starts to race with possibilities. What could this mean for potential targets? Could it be signaling the beginning of a powerful uptrend, or perhaps a subtle shift in market sentiment?
The targets seem to shimmer like distant stars in the night sky, teasing you with their allure. Could the Fibonacci extension levels offer clues to where the price might journey next? Or maybe it's the historical support and resistance zones that hold the key to unlocking the chart's secrets?
Whatever the case may be, one thing is for certain: this chart is a canvas of opportunity, waiting for the astute trader to decipher its hidden messages and navigate the markets with skill and precision.
Avax finally in demandAVAX, one of my largest holdings is finally in the daily local demand zone. I am starting to add heavily here as there are multiple converging supports in this price range. We approach the 100EMA which is typically a very strong support. We are hitting the demand zone (again support) , the real like is a diagonal support. A bottomed stochastic points to a reversal soon, but this depends on BTC. If BTC gets that prehalving crash, the more brutal downside target is marked as a dashed red.
-I am not using leverage (avax is a long-term bet for this cycle, and somewhat of a risk hedge)
-I am averaging to an already large position
-I have been in AVAX since last cycle very early
-Stay safe!
AVAX: sell in trend๐Analysis by AhmadArz:
๐Entry: 46.22
๐Stop Loss: 47.59
๐ฏTake Profit: 44.77-42.68-40.09
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AVAXUSDT 5 % SCALPING The AVAX/USDT trading pair is currently situated within a buying zone ranging from 46 to 46.30 USDT, presenting an attractive opportunity for a scalping long trade. Scalping involves exploiting short-term price movements for quick profits, making this buying zone ideal for traders seeking to capitalize on rapid fluctuations in AVAX's price against the US Dollar.
The concept of a buying zone refers to a price range where there is a notable accumulation of buy orders or increased demand for the asset. In this case, the buying zone indicates a region where traders are showing significant interest in purchasing AVAX, potentially leading to a price increase.
Additionally, the trade strategy incorporates the principles of demand zones and trend lines. Demand zones represent areas on a price chart where buyers are likely to be concentrated, providing support for the asset's price. By aligning the trade with the demand zone, traders increase the probability of success by trading in the direction of market sentiment.
Moreover, the utilization of trend lines adds another layer of technical analysis to the trade strategy. Trend lines are drawn on a price chart to illustrate the prevailing direction of the market trend. By following the trend line, traders aim to capitalize on the momentum of the market, further enhancing the likelihood of a successful trade.
The target profit for this scalping long trade is set at 5%, indicating the desired percentage increase in the price of AVAX from the entry point within the buying zone. Achieving a 5% profit target requires careful monitoring of price movements and timely execution of trades to capture the desired profit margin.
In summary, the scalping long trade on the AVAX/USDT pair leverages the buying zone between 46 to 46.30 USDT, in alignment with demand zones and trend lines. By targeting a 5% profit, traders aim to capitalize on short-term price movements while minimizing risk. Effective execution of this trade strategy involves thorough analysis, adherence to technical indicators, and disciplined risk management practices.
AVAXUSDT.PHello Trader BINANCE:AVAXUSDT.P
possible inverted head and soulder pattern, again make a right soulder area, just net the area at 46.786 - 46.139
because that's the closest area.
but for the fibonaci area used is swing chart, you can use small leverage.
line yellow is the weekly support area that has been broken, but for mid term it can still be taken long positions
take profit 17%
stop loss 3%
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Disclamer: Not Financial Advice
AVAX 03/04/2024Hi folks, Avax is entering the discount area. We are currently filing the daily and weekly imbalance levels. These areas are good to accumulate. Next, price needs to go above the WO level so we can continue uptrend. 46.16 and below is good to buy. However, if we go below the previous low then we should stop our position.
AVAX ANALYSIS๐ฎ #AVAX Analysis ๐ฐ๐ฐ
๐ As we can see that there is a breakdown of trendline #AVAX which indicates a bearish move. But #AVAX is trading above its major support area and if the price sustain above the support area, so a reversal could be seen here. If the price breakdown the major support area then we would see a brearish move in #AVAX
๐Current Price --- $45.80
โ๏ธ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AVAX. ๐๐ธ
#AVAXย #Cryptocurrency #DYOR
๐๐ AVAX Spot Trade Setup! ๐๐
๐๐ AVAX Spot Trade Setup! ๐๐
๐ Analysis:
Support Area: AVAX is currently within a support zone, suggesting a potential upward movement.
Market Sentiment: Positive outlook for bounce in selected altcoins.
Upside Potential: Targets set at resistance levels.
๐ Trade Plan:
Entry: Consider entering in the $40 - $45 support area.
Take Profit: Target profits at $50 - $53 or higher towards $65 - $70.
Stop Loss: Set stop loss just below $40.00 to manage risk.
๐ก Note: Keep an eye on price action for confirmation of bounce and adjust strategy accordingly! Stay vigilant in monitoring market movements. ๐๐ #AVAX #SpotTrade ๐๐ฐ