AVAX/USD - Bearish cross WARNING! 😲Avalanche surprised everyone this past week with a significant rally that topped at a new all-time high at $147. However, ever since then, AVAX has corrected, and today’s candle took price all the way back to $100.
Moreover, AVAX also completed a bearish cross on the daily MACD today. If it closes the day like this, then this is a major warning sign that lower price levels could be reached in the future. In the best-case scenario, AVAX’s price should contain the correction just above $100. Then bulls can then recover from this assault and attempt a recovery.
In general, it is important to remain very careful as the market is currently in a state of instability, and a lot of volatility might come into play. Therefore, vigilance is of utmost importance.
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AVAXBTC
35% Avalanche(AVAX) correction ...The AVAX to Bitcoin(AVAX / Bitcoin) chart shows a downward trend. So AVAX will make a correction of around $ 85 to $ 100 in the coming days.
The days of the Bitcoin rise. This is a good opportunity for those who are lagging behind the AVAX Rally. You can wear a good shorts position.
"RSI" and "Stoch RSI" also illustrate this point.
Near the $ 85 range, several resistors, including the channel trend line, the 50-day moving average, and the previous ceiling, are waiting for the red candles to throw the AVAX up.
Avalanche (AVAX) - November 22Hello?
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(AVAXUSD 1W Chart) - Medium to Long-Term Perspective
Above the 43.7108730 point: Expected to create a new wave.
Don't assume that you need to know how far it will rise so you can maximize your profits by selling then.
This thought can cause you to stop selling at the time you realize a profit.
Take profit is to make the mental state stable by selling in installments when there is a change in one's psychological state (anxiety, nervousness, exultation, hope circuit, etc.) as the price rises.
In addition, you can realize profits according to your investment period.
Usually, when you trade, you want to sell 100% to confirm your profit.
Once you have established a profit, you should not buy again until the price drops.
However, if the price continues to rise, you will often end up at a loss by buying again.
Therefore, it is necessary to calculate the purchase principal rather than selling 100% and sell the same amount of the purchase principal in installments to recover the investment and retain the amount of tokens corresponding to the profit so that the profit can be regenerated.
(In short-term trades, it is recommended to sell 100% to secure profits.)
The average unit price of tokens for revenue is 0.
Therefore, I think it is advantageous for additional transactions because the psychological burden will be reduced in future transactions.
(1D chart)
It is important to keep the price above the 70.0898075 point to sustain this uptrend.
Therefore, if it falls from the 70.0898075 point, Stop Loss is required to preserve profit and loss.
However, it is possible to touch near the 43.7108730 point and rise, so you need to think about how to deal with it.
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(AVAXBTC 1W Chart)
Above 0.0004889-0.0007164 section: expected to continue upward trend
0.0012-0.0014834 or higher: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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AVAXUSDT , Exactly active our buy zoneHello guys
Do you hear about AVAX ?
Do you know AVAX ?
Exactly moved to the buy zone are that we shown and move up
I have nothing to say about it , its amazing just i can say its amazing and powerful , it is future
According to the chart that we shown , we are in rally and we make new breakwave , there is a powerful momentum is behind this breakwave but we think the momentum is becoming weak and we need pullback and some correction to recovery the power and after that continuing the trend and move up .
We shown on chart support zone that the price can support , you can buy in part of part and low your buy price
Previous analysis :
Dont forget use stop loss and attention to money management
Good Luck
Abtin
AVAX Possible Bullish BounceCHART SUMMARY
Binance - Weekly Candles - AVAX/BTC
CHART OVERVIEW
Fibbonaci Circles: from the centre outwards = 0.382, 0.618, 1, 1.618, 2.618, 3.618.
ANALYSIS
The price is heading towards the green 0.618 circle, this is a pivotal price point and could indicate a bullish bounce is upcoming.
CONCLUSSION
If lots of volume and a sharp rise occurs after contacting the 0.618 circle this is looking bullish, if price drops through and lingers below it's looking bearish.
What do you guys think, bullish or bearish? Personally I'm bullish based on fundamentals and price action.
*DISCLAIMER: NOT PROFESSIONAL ADVICE
AVAX/USD - Show of strength while market tanked! 😎AVAX pumped while most of the market tanked. This is a show of strength!
While we have still not passed the all important resistance, we have made a new all-time high! This is bullish. If AVAX can pass this resistance and make it support we will go much higher.
Indicators are also curving back up and volume looks healthy here. Looks promising and bias is bullish. But we got to pass this resistance soon, the longer we wait the higher the chance we drop back down.
Be careful.
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Wait for the right moment to bag some AVAX AVAX is another coin that presents a very good opportunity in the near future.
In the higher Time Frame (D1), we saw that there was a beautiful retrace on the 61.8% which is referred by some experts as the Golden Ration. So from that we highly expert a to the upside.
If price comes to that area and we fond some rejection to the upside or a bullish pattern , then we can buy and target a 40 - 50% of profit on the trade.
Buy yourself some AVAX with your BTCAfter analyzing the AVAX with both USDT and BTC, the best opportunity comes the AVAXBTC . Situation is very clear and precise, but still need to be traded with greater caution and risk management. IN the higher Time Frame (D1), we saw that there was a beautiful retrace on the 61.8% which is referred by some experts as the Golden Ration. So from that we highly expert a to the upside. Coming to H4, where we are going to take our entry, we saw that was a break of structure before which there was an Ignored Accumulation (IA is a more advanced concept in the market structure.). And after an IA, we expect the market to normally come back for a retest on a decision point which is a high level of liquidity near the IA. The most important thing is that the zone or the area is found in between the levels 61.8% and 78.6% of the FIbs where there is the trend-line. All this confluence shows us how strong that area is. So in a sense we can put our pending orders there with a very calculated risk management.
If price comes to that area and we fond some rejection to the upside or a bullish pattern, then we can buy and target a 40 - 50% of profit on the trade.
N.B: This is not a financial advice. Trade the market structure and not the trend, and moreover, make sure to have a good risk and money management.
AVAX/USD - ATH @ $99.90. Time to be careful! 🙄AVAX has been in a clear bullish trend for some time and has set a new all-time high today at just under $100. However, so far, the bullish momentum wasn’t able to surpass the milestone level, and today’s candle might end up with a long wick to the upside.
The critical resistance level lies at the $100 – $102 range. If bulls fail to close above the resistance, we can expect a retracement to the key support level around $78.
Trading Volume: Volume was high (bullish) on this last leg higher; however, it is still lower than the volume recorded in September. A decreasing amount of volume in an uptrend is a possible sign of trend weakening.
RSI: The RSI has seen a large bearish divergence. Each higher-high on price was followed by a lower high on the RSI, ranging from August to November. If this divergence plays out, then AVAX may enter a significant correction.
MACD: The MACD on the daily timeframe is bullish at the time of this writing, but similarly to the RSI, the MACD histogram shows signs of a bearish divergence. Watch closer if the MACD goes through a bearish cross on its moving averages.
The bias for AVAX is bullish right now, however, if support fails to hold, it can quickly turn short-term bearish.
While today’s 3-digit all-time high gives an excellent reason to celebrate for Avalanche holders, the strength of the last leg pales in comparison to the past.
This is sufficient reason for extra cautious watching the price action and the daily and weekly candle. Following a major rally, AVAX might need to breathe some air and retest the critical support at $78 before attempting to break $100.
AVAX READY TO GOExtremely strong fundamental news propelling this coin up recently, after heavily respecting fib levels on longer term chart, price formed flag and broke into double top head and shoulders type pattern we have been seeing among many cryptos recently. If we get a strong Daily close above our area of interest, we will likely be seeing a strong bull push to the 1.618 fib level
AVAX/USD - About to hit $100! Once there expect some pullback.AVAX looks very strong and a test of $100 is almost a no brainer...
Once there, the bears may come from hiding to pull down the price, but it may not be enough for AVAX as it has very strong momentum behind it. We may top somewhere in December and then we may have a more significant correction like in July.
Until then, if we pass $100, AVAX will run towards $200...
A very strong performer and the indicators are extremely bullish. Bias is bullish.
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AVAX/BTC buy opportunityHi followers,
BINANCE:AVAXBTC formed small and nice falling wedge reversal pattern, which may be the end of the big pullback that we saw recently.
The buyers stepped in and formed higher low already, which suggests a potential new up move to retest the 23 Sep high.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only
Avalanche AVAXUSDT - Ascending channel + very bullish coin!- Avalanche AVAX Rank #13 Coin on coinmarketcap.
- The price is above the All Time High level, which is of course very bullish!
- We have a huge parallel channel, which can serve as a resistance on the top of the channel.
- Profit target is top of the channel.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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- RSI is prepared for the pump!