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Avax

AVAXUSD Ready for a bullish break-outAvalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D MA50, it initiated a massive rise on the next candle that easily broke through the 1D MA100 (green trend-line), hit the 1D MA200 (orange trend-line) and peaked a little above the 0.618 Fibonacci retracement level. As a result, we will buy the break-out and initially target the 1D MA100 at 11.000. If it breaks above the 1D MA200, we will buy that 2nd break-out and target the 0.616 Fib at 15.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
6
Uptrend Forecast for AVAX Future with Short-Term Target at 9.496In-depth Analysis and Bullish Outlook on AVAX Future: 🚀 Current Price: 9.319 🎯 Target Price: 9.496 🛑 Stop Loss (SL): 9.286 📈 Bullish Rationale: I am sharing a bullish perspective on AVAX Future with a short-term trading idea, taking into consideration the current market dynamics and potential driving factors. Market Sentiment: The broader market sentiment towards cryptocurrencies and specifically AVAX seems to be positive/negative (depending on the actual sentiment). 📊 Trading Strategy: Entry Point: Now/9.319 (depending on your risk tolerance and strategy) Take Profit: At 9.496, which represents a ~2% increase from the current price. Stop Loss: Strictly at 9.286 to manage risk effectively. 📝 Note: Trading involves risks and it is crucial to always conduct your thorough research or consult with a professional before making any investment decisions. This idea is based on current market conditions and technical analysis, which are subject to change. 🔄 Updates: I will keep you updated on the progress of this trade idea, and potentially adjust targets and SL depending on how the market evolves. Let’s navigate through these market conditions together and see how AVAX Future unfolds in the near term!"
Long
by Ailtra
2
AVAX where to buy for a long-termHi traders, Let's have a look at AVAX. AVAX has been in a long-term downtrend and it still can drop lower. The price seems to be creating some kind of a falling wedge now. Our buy area is shown on the chart and it's between 3 and 5 $. This is when in our opinion it's worth to accumulate AVAX. Targets for the next bull market cycle: 1. 40 $ 2. 52 $ 3. 76 $ 4. 98 $ As we can see from previous market cycle, most Altcoins don't reach their previous ATH therefore we don't believe that AVAX will do so. What's your opinion? Good luck traders!
Long
by vf_investment
4
An incoming last correction wave for #altcoins #total3 presents #altcoins ' market cap excluding #btc and #eth . After the 1st long correction wave, the chart formed falling channel. This formation will be completed with the 3rd correction wave and the dip of the channel will occur. When Elliott' s 123 correction wave is finished, the falling channel will turn bullish. This may be after the halving. 3rd wave seems to plunge altcoins' average by min. %30. Be careful till Q2 2024. NOT FINANCIAL ADVICE. Dyor.
CRYPTOCAP:TOTAL3Short
by naphyse
🔥 AVAX Deep Oversold Bounce PlayAVAX has been on a massive losing streak for well over a year now. Even with BTC being relatively bullish in 2023, AVAX has made a new bear-market low last week. Nevertheless, this token enjoys a lot of popularity across the internet. With AVAX trading in a historically very strong area of support and the 3-day RSI hitting oversold recently, I think it's time to scout for a potential reversal trade. Stop just below the recent lows, target at 30$. More defensive traders might want to take (partial) profits around 20$.
Long
by FieryTrading
3
AVAX- Remains PromisingAmidst 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
7
AVAX Long Set-UpI entered a long position here on #AVALANCHE. A previous major low was swept and the price seems to be holding this level. I placed a stop loss below the previous wick low. #Bitcoin also has swept its HTF pivot low and is looking to move higher in the short term. ---------------------------------------------------------------------------------------------------------------------- Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
AVAX/USDT Best time to buy AVAX for a Long-term ?? Hello Paradisers, here's a gem to monitor closely! 💎 AVAX is consistently revisiting a strong demand zone, marking its fifth attempt. 💎Typically, with repeated tests, demand areas tend to weaken. 💎This suggests AVAX might pierce through this strong demand zone, aiming for fresh daily demand. Once there, expect a significant bounce-back, potentially indicating a liquidity sweep. 💎Additionally, on August 26th, AVAX is set to unlock a whopping 9.54 million tokens. This could exert downward pressure on the price. Stay alert
by MyCryptoParadise_Nathan
AVAX/USDT downward momentum? 👀 Avax Today Analysis It appears to be on the brink of a captivating shift, showing signs of waning momentum and a potential downward trajectory.👀 💎 After its initial touch on the OB, AVAX experienced a robust rejection. However, the subsequent 2nd and 3rd touches seemed less forceful. What's the implication? It suggests a depletion of liquidity, hinting at a possible move to address the Bullish Order Block, leaning towards a downward continuation. 💎 Alternatively, there's a chance that the price might bounce back from the previous order block, setting its course upwards. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Short
by MyCryptoParadise_Simon
2
AVAX is Preparing For a Long Bullish Rally 💎 AVAX is charting an optimistic path, securely nestled within a demand zone, and gearing up for an upward surge. 💎 Not long ago, it skillfully interacted with the Order Block, captured liquidity, established equal lows, and ignited a bullish momentum. 💎 At this crossroads, AVAX might either revisit the DZ level or aim higher, starting from the previous OB point. 💎 If AVAX fail to capitalize on its bullish energy from the last engaged OB level, brace for a potential drop of around -12.34%. 💎 In the ever-evolving realm of crypto, being updated and flexible is paramount. Keep a lookout for further insights and relish your trading voyage.
Long
by MyCryptoParadise_Nathan
AVAX Golden Zone & Trend Break!?1AVAX has retraced to the golden pocket Fibonacci zone and has held the level long enough to break through the downtrend. This in my opinion is bullish and if Bitcoin stays neutral or becomes bullish, AVAX should have a strong move up from this level. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility