Cryptolean Avalanche AVAX Update After a fast bearish dip to the key daily support at $37 and 100-Day Moving Average, Avalanche recovered strongly and now is trading in the bullish territory, holding the current daily support at $41.65.
A bullish move from $41.65 towards the previous local high and the key daily resistance zone of $47-$49 is very likely.
The AVAX price action with this zone will be very important.
A bearish dip to below $41.65 will result in AVAX price declining to re-test $37 and an interaction with the minor support at $39.5.
The AVAXUSDT 4-Hour chart is trying to re-claim $42.87.
A bullish move from its current price location is likely and will push #Avalanche to the key intraday resistance zone of $46.76-$48.26.
A bearish dip to below$42.87 towards $41.21 or, even better, to $39.57 and a bullish rejection of one of these levels could offer a long trade towards $46.76-$48.26 and higher.
AVAX will follow $BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and AVAX won't be an exception.
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AVAXUSDT.P trade ideas
Ascending Reversal PatternOn the weekly timeframe the support area marked by the blue box plays a key role in supporting the price and initiating a growth phase. After the price approached this support area, we witnessed a positive market reaction and the start of an upward trend. During this uptrend, the price reached the orange-colored resistance box, which had been previously identified as a major obstacle to price growth. However, the market managed to break through this resistance level and move beyond it.
The formation of bearish candles on the chart, indicating a correction and pullback to the broken level, is considered a natural part of the upward trend cycles. This pullback serves not only as a correction phase but also as a setup for the formation of an ascending reversal pattern.
With the completion of the pullback and the emergence of signs of an ascending reversal pattern, it is anticipated that the AVAX price in this timeframe will experience significant growth. The price is expected to move towards the next resistance area, previously set as the next target
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AVAX buy setupThe price is fluctuating within a large range.
Considering iBOS and iCH and liquidity pools at the top of the range, we can expect this demand to work well.
By maintaining the demand range, it can move towards the supply side.
Closing a daily candle below the demand zone will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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Bullish Cup and Handle Pattern in AVAX/USDTThe AVAX/USDT pair has formed a bullish cup and handle pattern, which suggests that the price is likely to continue its upward trend. The target price for the cup and handle pattern is 60$. The cup and handle pattern is a reliable bullish pattern, and it has a high probability of success. However, it is important to note that no technical analysis pattern is 100% accurate.
Avaxusdt 1D (A battle between cows and bears)Hello friends, I hope you are doing well, you can see the daily avax currency chart. In case of the exit from the triangle and the victory of the bulls, the goals have been determined, and in the case of the defeat of the bulls, he has an important and valid support in front of him, which he has reacted to several times
Avax Push To 45Not FInancial advice.
Just have been keeping an eye on avax for quit some time and have gotten into two positions.
My plan is to keep compounding on Margex and keep entering bigger trades as i collect some profits going up. This is super risky but I'm just trying something new out. Follow my Crypto journey because I'm excited.
Position 1: 40.29
Position 2: 41.48
Tp 1 was 42.05
Tp 2 was 43.70
Tp 4 is gonna be 44.73
tp 5 is 45
#AVAX/USDT#AVAX
The price is moving in a descending channel on the 12-hour frame
We have a commitment to the limits of that channel
Now we have a breakout of the downtrend
We have buying momentum on the MACD indicator
Entry price is 36.29
The first goal is 37.96
The second goal is 40.78
Third goal 43.59
🔄 AVAX Spot Trade: Setting Up Within Support Zone! 📈💹📊 Analysis:
Spot Trade: Initiating a spot trade on AVAX.
Support Zone: Ladder into the trade in the $32 - $35 support area.
Resistance Levels: Target profit at $50 - $54 or $65 - $72.
Risk Management: Set a stop loss just below $30.00.
🌐 Note: Exercise caution during entry, especially regarding potential downside wicks. It's advisable to wait for price stabilization before entering.
AVAX: A good one? What about short term?
AVAX emerges as one of the major projects, demonstrating strength in its initial movement and showing ample support. There seems to be a lot more in store, in my opinion. Of course, this is not investment advice. it's important to continue monitoring the market closely and making informed decisions. Feel free to comment. Thank you
AVAX : high risk SL📊Analysis by AhmadArz:
🔍Entry: 43.66
🛑Stop Loss: 44
🎯Take Profit: 43.27 - 42.60 - 41.82 - 39.94
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
✴️ No Time To Waste, Move To Those Growing | AvalancheHere is another example of wasted time and potential.
Even if one of the big pairs moves up, the growth will equal to 10%, 20% or 30% if one is really, really lucky; while the smaller Altcoins are growing 50% in a single day and beyond 2-3X within weeks.
We love Avalanche, we love Bitcoin, we love Ethereum, we love Cardano, we absolutely love Solana and the rest. But we are not trading for love, we are trading for gains.
Avalanche (AVAXUSDT), after more than 1,200% growth, has been moving within a lower high for 67 days. At this same time, the other pairs have grown by 500% to 600%.
This is normal.
This is ok.
This is happening because Avalanche already produced massive growth and since the market moves in waves, after the bullish wave comes a bearish wave.
Those that are sitting low can grow.
Those that are high up will retrace and the cycle will continue to fluctuate between high and low.
This is just a friendly reminder.
We love Cryptocurrency as a concept.
We love Cryptocurrencies as a technology.
We love the community, we love the action, the excitement, the sharing, the innovation, the potential, our generation, the future and the market as a whole.
We truly are loving beings, but we are trading for money not for fun.
Take action now.
Rebuy and reload when prices are low/near support.
Sell high up near resistance.
Buy back low when red.
If you can get into this flow, you will achieve long lasting success.
Thank you for reading.
Namaste.
AVAX USDT LongHere's my trade plan for AVAX USDT.
Avax has put in its daily high and rejected from the VAH
I am trading this off a triangle pattern.
We sliced right through the POC and lost the triangle .
PA came back and rejected off the triangle losing the VAL.
Currently has support around a FVG.
Expecting this grind down and put in a fresh daily low.
This is my area of interest.
As always im a novice trader learning the ropes.
These are my ideas, some work some don't.
DYOR