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Avax

AVAX: Overbought at ResistanceTrade setup : Bullish break above $25 signaled continuation of uptrend and price has surpassed our target of $30 near-term. However, price is now very overbought (RSI ~ 75) just as it reached that $35 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. 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 $25.0 (previous resistance), then $22.0. The nearest Resistance Zone is $30.0, which it broke, then $35.0.
Long
by altFINS
3
AVAX INCREASE VOLUME ( READY FOR NEW BREAK)Thank you for reading this update. Depending on our study we see that AVAX has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. AVAX is known as building coins and it can show in the coming time frames a break. We looking to the $13-14 level where the break can start. $17 is an important level in combination with $21.40 We know this coin from the historical increase that started at JULE 2021 with $9.70 and ended in NOV 2021 with $146 SINCE THIS COIN IS UP $10 it entering a high-volume area. #Nottradingadvice
Long
by SatochiTrader
3
AVAXUSDT - Quick chart Idea - Possible breakout to the upsideHi to all TV people, this is a quick chart idea. By looking it looks bullish. I would trade only after a retest of this possible breakout. First need to break through resistance. Upside target could fail only on a breakout on downside of this triangle. Trade is a matter of probability, but it's safer to trade reacting on a price action not trying to anticipate patterns. This is my idea, not financial advice. Always DYOR. ShadowPlayer.
Long
by ShadowPlayer
Avax Target - Good short entryAVAX analysis - Elliott Wave Perspective After an impulsive uptrend, Avax seems to be losing momentum and consolidating. Now that it has reached its highest points, it may be time for a wave of downward movement. According to the Elliott Wave perspective, AVAX is currently in the final wave of an impulse wave. This means that we will soon see a correction, but there will still be one last upward move. I am personally taking a short position between $28.00 and $28.50 for the following reasons: - 1 to 1 extension of wave 1 - 1.618 extension (expanded flat) - Bearish divergence (RSI) - Correlation Main count BTCUSD (Related ideas) It is important to note that the Elliott Wave perspective is based on historical price movements and patterns, and future price action can never be predicted with absolute certainty. Markets can be volatile and unpredictable, so it is always wise to trade cautiously and manage your risks. Remember, financial markets are inherently volatile, and investing is always a personal choice. It is crucial to conduct thorough research, carefully assess your risk tolerance, and form your own judgment before making any trading decisions.
Short
by BeCryptosignals
4
#AVAX/USDT 4h (ByBit) Ascending trendline breakdownAvalanche lost 50MA support and seems to be heading towards 200MA. ⚡️⚡️ #AVAX/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.7X) Amount: 4.9% Current Price: 20.800 Entry Targets: 1) 21.465 Take-Profit Targets: 1) 15.010 Stop Targets: 1) 24.700 Published By: @Zblaba CRYPTOCAP:AVAX BYBIT:AVAXUSDT.P #Avalanche avax.network Risk/Reward= 1:2.0 Expected Profit= +81.2% Possible Loss= -40.7% Estimated Gaintime= 5-10 days
Short
by TradingOn
2
AVAX/USDT Bullish Prospects A Closer Look? 👀 🚀Avalanche💎 Paradisers, let's delve into the intriguing dynamics of AVAXUSDT. The recent shift from supply to demand zones indicates a strong likelihood of a bullish trend. 💎 Reflecting on its historical pattern, AVAXUSDT has consistently overcome its descending channel, leading to upward movements. Currently, with the transformation of supply into demand, there's a heightened chance of embarking on a bullish journey from this newfound demand level. The primary expectation is a breakthrough of the formidable resistance at 21.93, followed by a move to counteract the bearish Order Block (OB). 💎 On the flip side, if AVALANCHE struggles to maintain its upward momentum, a bullish strategy from the demand level of 15.19 may come into play. At this juncture, while some newcomers might resort to panic selling, the key is to wait for a definitive break below this demand level before making calculated trading decisions.
Long
by MyCryptoParadise
AVAX: Resistance BreakoutAvalanche (AVAX) technical analysis: Trade setup : Bullish break above $25 signals continuation of uptrend with upside potential to $30 near-term. Stop loss at $24. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $22.0 (previous resistance), then $18.3. The nearest Resistance Zone is $25.0, which it broke, then $30.0.
Long
by altFINS
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis: Trade setup : Bullish break above $22.00 signals continuation of uptrend with upside potential to $26.00 near-term. Stop loss at $19.50, prior swing low. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). 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). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
Long
by altFINS
AVAX- Breaking Higher for Good ? AVAX breakout reminds us of the previous one.. this time also we will take some profit just like last time but: this could be time to break higher over 15.50 Amidst Avalanche’s once-promising ascent, most holders now clutch a bearish reality. Over 90% face losses while development thrives and trading volume wanes, painting a complex landscape. Avalanche showed great promise during its initial stages, attracting motivated buyers to purchase and retain it. Nevertheless, recent data revealed that most of these buyers and holders were holding their bags at a loss. As per CoinMarketCap, Avalanche had a circulating supply exceeding 344 million tokens at press time, with a total supply surpassing 400 million tokens. However, insights from Into The Block highlighted that more than 90% AVAX holders were experiencing losses at the time of publication. Specifically, the data pointed out that approximately 99.45% of holders, accounting for around 5.45 million addresses, found themselves out of the money, indicative of holding at a loss. WHY LONG: Despite the downward trend in trading volume, the development activity on the Avalanche network has been consistently robust. This suggested that the platform’s team was actively at work. Loyal Community: And while these holders may have hoped for respite, that has not been the case. To make matters worse, IntoTheBlock data showed that 99.5% of AVAX holders were now holding the token at a loss. The Chart: On support and looking Bullish to me. Long on AVAX again and remember to take profits at 14,5 One Love, The FXPROFESSOR
Long
by FX_Professor
4
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis: Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to either 1) break above $22.00 to signal continuation of uptrend, or 2) pull back near $18.30 support for a swing entry in Uptrend with upside potential back to $26.00. Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (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 $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
Long
by altFINS
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases. Interested in another altcoin that's trading under it's first ATH? Check out Litecoin : Remember to hit 👍 and follow if you love money ! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
34
AVAX: Pullback in UptrendAvalanche (AVAX) technical analysis: Trade setup : Price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Subsequently, price spiked as high as $24.70 but failed to hold that as traders began to take profits (selling pressure). Now we wait for price to find support for a swing trade entry in Uptrend. How far could it pull back? Nearest support levels are $18.30 and $16.00, which also lines up with Fibonacci Retracement levels of $18.60 (38.20%) and $16.70 (50%). We believe that $16.00-$16.70 looks like a more robust support area. 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 $18.3 (previous resistance), then $16.0. The nearest Resistance Zone is $22.0, then $26.0.
Long
by altFINS
🔥 AVAX 1H Triangle Formation - Short Then Long🔥 AVAX 1H Triangle Formation - Brief Short Opportunity Followed by a Strong Long Play to $30! 🚀 Hello Traders! Today, I've closely examined the latest developments in AVAX and have identified an exciting opportunity to share with you. 📈 ✨ Brief Short Opportunity: On the 1-hour timeframe, AVAX has formed a classic triangle pattern. This formation often indicates periods of consolidation and uncertainty, usually signaling an impending trend shift. With the breakdown of the triangle's lower boundary, we could see a brief bearish movement. This presents an ideal entry point for a short-term short position. 📉 Entry Point: $22.0 🎯 Target: $18.3 🛑 Stop-Loss: $24.7 ✨ Subsequent Long Opportunity: Following the short position, I anticipate a strong bullish trend in AVAX. Technical indicators and market dynamics are pointing towards a robust long opportunity, potentially reaching at least $30, following a breakout above . 📈 Entry Point: $18.3 🎯 Target: At least $30 🛑 Stop-Loss: $16.5 🔍 Conclusion: This is a structure that offers both a brief bearish trend and a subsequent strong bullish opportunity. Remember, every trading strategy involves risk, and always consider your own risk management.
Short
by MaestroAI