AVAXUSDT.P trade ideas
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-38 support zone could be an attractive swing trade entry area with upside potential back to $50.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
AVAX 1H The descending channel is formed in the one-hour time frame
Currently, the short-term trend is downward
Because the market has an upward trend, it is better to wait until we see upward signals from the chart and enter the long trade.
Breaking the trend line or descending channel is one of these signals.
Happy New Year and be profitable
AVAX: Overbought at ResistanceTrade setup : Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) 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.
AVAXUSDT - LONG Setup!!AVAXUSDT (1D Chart) Technical analysis
AVAXUSDT (1D Chart) Currently trading at $11.3
Buy level: Above $11.2
Stop loss: Below $9.5
TP1: $12.5
TP2: $15
TP3: $18
TP4: $22
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
#AVAX mid range downstream !!Hi..
as u may see the idea #AVAX touched the 49$ as a fixed price ! the hi-sell pressure made it to 44 level !!
by the time passes every time price falls to the 200 Moving Average(the yellow line) the buyers tempt to buy to maintain the price as it should !!
So ... the buyers seems has more power than the sellers in at least 25 days !!!
this is a personal idea , could be happend or couldnt !!
AVAX "Unlocking Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis of AVAX**
**Overview**
Avalanche (AVAX) is a Layer 1 blockchain platform that offers high scalability, low transaction fees, and a wide range of applications. It is one of the most promising blockchain projects in the world, and its native token, AVAX, has seen significant growth in recent months.
**Key Features**
* **High Scalability:** Avalanche can process thousands of transactions per second, making it one of the most scalable blockchains in the world.
* **Low Transaction Fees:** Avalanche transactions are significantly cheaper than transactions on other blockchains, such as Ethereum.
* **Efficient Governance:** Avalanche's governance system is designed to be efficient and democratic.
* **Wide Range of Applications:** Avalanche supports a wide range of applications, including DeFi, NFTs, and gaming.
**Recent News**
* **Avalanche Foundation Grants $250 Million to Support Web3 Development:** The Avalanche Foundation announced a $250 million grant program to support the development of Web3 applications on Avalanche.
* **Avalanche Integrates with Chainlink Price Oracles:** Avalanche has integrated with Chainlink price oracles, which will provide more accurate and reliable prices for Avalanche-based applications.
* **Avalanche Successfully Deploys Stargate Upgrade:** Avalanche successfully deployed the Stargate upgrade, which introduces a number of new features, including subnets and cross-chain compatibility.
**Disclaimer**
Please note that I am not a financial advisor and this is not financial advice. Investing in cryptocurrency is risky and you could lose money. Do your own research before investing.
AVAX Intalligent Asset4 hours timeframe
The last day supported on 50 ema at 38.26
bullish scenario
The W pattern breakout of the local high in 45.22 will set a technical target to 56.5
bearish scenario
Breaking of a horizontal trend line with an 50 ema at 38.26 will lead to 200 ema consolidation with a horizontal trend line at 30.5
AVAX: Resistance BreakoutTrade setup : Bullish break above $35 key level signaled continuation of uptrend. However, price got very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking. Nearest horizontal support zone is at $35 while the nearest Fibonacci Retracement levels (possible support) are $39 (23.60%) and $35 (38.20%). Hence, it appears that $35-$36 could be an attractive swing trade entry area in Uptrend, with upside potential to $50 thereafter.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Review and analysis on the daily time frame of AVAXIn the daily analysis of AVAX, we find that this token was able to make lower floors with fake out and withdrawal of liquidity, and without a higher floor in Sharpe movements, it removed all the liquidity of the level and is moving towards the supply area, which in some cases lit says to induce In the second part of liquidity, the orders should be placed in the opposite direction and close to the fake out, which can be clearly seen in the image of the order and trading nodes, which can be used to return to this area for spot purchases and counter-trend transactions.
AVAX strategy in last 2 yearStrategy S1-TM had just closed Buy order of AVAX since 23 Nov 2023. It it a good time for us to review the performance of this plan. Backtest result and properties are include at bottom of this post. Let's turn it to automatic trading.
Cheer! bullish trend for every traders.