I suck at this shit lolwell...
It turns out price is at an uptrend, and it only went down to take the UPTREND .618.
Well, anyway, thing I learned today is to....
1. Set a quota per day (5usdt in my case), and to move SL to 5.5usdt so that whatever happens, I'm good for the day.
2. Allow myself to lose 3x per day while only risking 2% capital per day.
Let's see if I can follow those two, and see if it helps me improve my shit.
lmao.
i'm out.
AVAXUSDT.P trade ideas
MAXLEV PATTERN: NEW STRAT? OR A REFINEMENT OF THE OLD?After buying a trading book... damn, I'm overwhelmed again lol.
But, I guess having the indicators were just for additional volume confluence?
Basically overall shit is still the same.
SMC POI
LEVELS(S/R BASED ON PIVOT & PDL/PDH)
VOLUME PROFILES (STATIC & DYNAMIC)
TIME RANGE SWEEPS
But I think I realized something.
I used to mark SMC stuff first, but in actuality it should be the last.
Use pivot to establish day bias.
Use volume to see how price reacts to pivot/bias.
Use Time Ranges to check for sweeps whether continuation or reversal.
Use SMC/ICT to optimize entry on the 5min TF.
We'll see how it goes.
Bullish Reversal in Sight for AVAX/USDT on Higher Time FrHello, fellow traders!
Today, I'd like to share an exciting observation on the AVAX/USDT pair, which is currently showing promising signs of a bullish reversal on higher time frames. After a period of downward movement, it seems that Avalanche (AVAX) is gaining momentum against Tether (USDT), signaling a potential shift in market sentiment.
Key Observations:
Trend Reversal: The higher time frame charts are indicating a reversal from a bearish to a bullish trend. This change in trend direction suggests a growing confidence in AVAX.
Potential Upside Movement: Based on this reversal, we can anticipate an upward trajectory in the price of AVAX relative to USDT. For those looking to capitalize on this movement, considering long positions could be a strategic approach.
Technical Analysis: The analysis is grounded in a technical approach, focusing on price actions and historical movements. As always, I recommend keeping an eye on key resistance and support levels to refine entry and exit points.
Trading Strategy:
Entry Point: Look for confirmation of the bullish trend through additional indicators or candlestick patterns.
Exit Strategy: Set clear profit targets and stop-loss orders to manage risk effectively.
Risk Management: As with any trade, it's crucial to assess your risk tolerance and adjust your position sizes accordingly.
This observation presents a potentially lucrative opportunity for those willing to ride the wave of AVAX's upward momentum. However, remember that the crypto market is volatile and it's important to do your own research and analysis before making any trades.
I'm keen to hear your thoughts and strategies on this. Feel free to share your insights or ask questions in the comments below. Let's navigate these market movements together!
Happy Trading!
AVAX: Channel DownTrade setup : After getting rejected at $50 resistance, price has been pulling back, forming a Channel Down pattern. Notice that the price is also nearing oversold levels (RSI ~ 30) just as it approaches $25 support. That’s also 78.60% Fibonacci Retracement level (potential support) of $25.70. Hence, near term, we could see price bounce up to $30.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on 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 $25, then $19. The nearest Resistance Zone is $35 (previous support), then $50.
AVAX USDT LONG SWING | AVAXUSDT | LONG @ 14 - 16 | TP @ 16.5, 17, 17.5, 18, 18.5 | SL @ 11.5 | PATTERN = FALLING WEDGE | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames.
BINANCE:AVAXUSDT BINANCE:AVAXUSD COINBASE:AVAXUSD BINANCE:AVAXUSDT.P KUCOIN:AVAXUSDT BYBIT:AVAXUSDT.P BITFINEX:AVAXUSD BITSTAMP:AVAXUSD OKX:AVAXUSD.P
AVAXUSDT.PI've observed a significant upward movement in the 4-hour timeframe, indicating a potential trend reversal. However, it's crucial to acknowledge the substantial fluctuation within the 4-hour Order Block, underscoring the need for confirmation.
Despite the pronounced fluctuations, the 4-hour Order Block remains unbroken, and the overall trend is still bullish. Concurrently, the 1-hour timeframe signals a downtrend. In light of these conflicting indicators, it is not advisable to consider a long position in this zone. However, with effective risk management, one might consider entering a long position at the current price on the chart
After reaching the 1-hour Order Block, and upon receiving confirmation in the 15-minute time frame, a potential short position could present a favorable opportunity
I am trying to explore all possibilities and map the path of the market in the future. I hope my analyses help you gain profits. It would be my pleasure to hear your thoughts on the analysis.
AVAXUSDT.1DBased on the given market data, the AVAX is currently trading at $33.22. The coin has a relatively neutral RSI on the 4-hour chart at 43.23, which means it's neither overbought nor oversold. The MACD on the 4-hour chart is negative, suggesting a bearish momentum.
The Bollinger Bands on the 4-hour chart indicate a possible resistance level at $34.56. The support levels are at $30.95, $29.22, and $25.46. If AVAX breaks below these support levels, we could see further downward movement. However, if it breaks above the resistance level of $37.73, it could test the higher resistance levels at $41.92 and $43.65.
On the daily chart, the RSI is slightly lower at 40.11, which may indicate a bearish trend. The MACD is also negative on the daily chart, further confirming the bearish momentum. The Bollinger Bands on the daily chart show a potential resistance level at $40.04. The support levels are at $30.92, $22.98, and $20.70. The resistance levels are at $41.88, $50.10, and $53.66.
The 7-day RSI is at 67.82, which is closer to the overbought territory. This could indicate a potential price correction in the near term. The MACD on the 7-day chart is positive, suggesting a bullish momentum. The Bollinger Bands on the 7-day chart show a potential resistance level at $47.63. The support levels are at $22.42, $8.75, and $3.00. The resistance levels are at $50.10, $54.0, and $63.25.
In conclusion, the short-term indicators suggest a bearish momentum for AVAX, while the 7-day indicators hint at a bullish momentum. It's essential to monitor the market closely and consider other factors before making investment decisions. Always remember that cryptocurrency investments come with high risks due to their volatile nature.
Avalanche(AVAX): Moving Down & More DownAvax caught our attention a very long time ago, but here is a TA for late traders.
We see two possible entries here on Avalanche Coin, both of which are short positions.
Despite coin showing high demand in lower zones and weakness, we are suggesting looking for perfect entry which are near upper resistance zone or below lower liquidity line (upon breaking that one)
AVAX Gearing Up: Liquidation Pool Unveiled as Catalyst for PUMPAvalanche (AVAX) has orchestrated a compelling narrative on its 4-hour chart, crafting an extensive pool of liquidity beneath a crucial horizontal support level. As equal lows paint the canvas, anticipation mounts for the withdrawal of this liquidity, acting as a powerful propellant for AVAX's upward trajectory.
Key Elements of AVAX's Strategic Liquidation Pool:
Strategic Liquidity Pool Formation:
AVAX on the 4-hour chart has meticulously formed a substantial liquidity pool beneath a horizontal support level.
This strategic formation holds the potential to serve as a launchpad for a significant move in the upward direction.
Equal Lows as Precursors to Potential Ascent:
The emergence of equal lows in the chart designates a level playing field, suggesting equilibrium between buyers and sellers.
This equilibrium, when disrupted by the withdrawal of the liquidity pool, could serve as fuel for AVAX's ascent.
The Unveiling Drama - What to Watch For:
Strategic Withdrawal of Liquidity:
Traders and investors are keenly watching for signs of a strategic withdrawal of liquidity beneath the crucial horizontal support.
The removal of this liquidity acts as a catalyst, providing the necessary momentum for AVAX to ascend.
Fueling the Ascent:
Equal lows, indicative of a balanced market, set the stage for a potential breakout.
As liquidity is drawn, it unleashes the fuel needed for AVAX to surge higher, potentially initiating a sustained upward trend.
Strategies for Traders:
Observing Liquidity Withdrawal Signals:
Traders should closely monitor the charts for signals indicating the strategic withdrawal of liquidity.
Confirmation of this event could serve as a pivotal moment to enter or adjust positions.
Understanding Equal Lows Dynamics:
Recognize the significance of equal lows as a precursor to potential market equilibrium.
Utilize this understanding to gauge the impending direction of AVAX and adjust strategies accordingly.
Conclusion: AVAX's Liquidation Symphony and Ascent Anticipation
AVAX's strategic formation of a liquidity pool beneath a crucial support level, combined with the equilibrium depicted by equal lows, sets the stage for an intriguing market symphony. Traders and enthusiasts eagerly await the drama's climax as liquidity is withdrawn, potentially unleashing a powerful ascent.
🚀 Catalyst of Liquidity | ⚖ Equal Lows Dynamics | 📈 Fueling the Ascent
💬 Share your insights: How do you interpret AVAX's liquidity dynamics, and what strategies are you employing as the drama unfolds? 🌐✨
AVAX → Avalanche Making Another Attempt to Break $50? Yes!AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade?
How do we trade this? 🤔
The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 15% away from the Support zone with plenty of runway before hitting the previous high at $49.85. These are optimal conditions for a long trade.
Take half profits at 1:1 Risk/Reward, a price target of $39.50, then move the stop loss up to the entry price to lock in profits for the second take profit. This eliminates initial risk and allows the second half of the trade to be executed without the fear of loss.
💡 Trade Idea 💡
Long Entry: $34.50
🟥 Stop Loss: $29.50
✅ Take Profit #1: $39.50
✅ Take Profit #2: $44.50
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes down in the pullback from $49.85
2. Three failed attempts to break a new low in the trading range
3. 15% away from the Support Zone and 37% away from the previous high of $49.85
4. RSI at 48.00 and above the moving average which are ideal conditions for a long
5. Bitcoin showing signs of a move toward the previous high
💰 Trading Tip 💰
Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
Complete Reset on AVAX I originally thought there would be a complete breakdown on AVAX down to 29ish but with ETH showing strength and many alts Rallying. This wedge and contraction looks more bullish than bearish. Volume and RSI have dropped precipitously. Will we get another explosion like we saw last wedge with this much contraction and consolidation? I am buying here, I sold my ETH based MATIC that took a few days to unstake and right into AVAX. My timing might not be perfect but happy to cut underperformers for what I think will be a huge year for AVAX and some other key players.
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 : Downtrend 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). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $35, then $25. The nearest Resistance Zone is $50.
AVAXUSDT # 001 ( * Overview * ) Hello dear traders.
Good days .
On monthly Bullish Gann Square , after finish 1st weekly Gann Square Time frame , AVAXUSDT starts upward move to proceed 2nd Gann Square which is contain 3rd crazy Elliot wave move .
In detail move will updated .
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments.
AVAXUSDTAVAXUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 41.2.
What you guys think of this idea?
AVAX - LONGI am not a professional
However,
I love to trade
I am long AVAX
I believe AVAX is consolidating collecting huge buy pressure, showing major support at $35.319, I believe A close above $36.122 will make this trade more bullish. A close below will indicate more time is needed into the trade.
I am long and will enter another position considering the Daily close above $36.122 and 4hr close above 50 MA.