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AVAXUSDT trade ideas

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.
Long
by altFINS
1
✴️ Avalanche Prepares To CrashAvalanche produced a nice 480% bullish wave after hitting a low in September 2023... Pretty nice I should say. ➖ We can see how the volume on 11-December is lower vs 16-November. ➖ Until the top of wave 3 volume is rising. ➖ Wave 4 through wave 5 and now the correction (ABC) volume is dropping. But the most revealing signal of all is the inverted cup or rounded top pattern, this signals that the top is in. There can always be one final jump, one last surprise move before the correction truly starts but here the rounded top is quite telling and indicates that it is over. AVAXUSDT also managed to close and stay below EMA21 on the daily timeframe. 👉 A crash or correction is about to happen... It should end in a higher low compared to September before long-term growth. Namaste.
Short
by AlanSantana
17
Avax/Usdt Trading Idea 💹AVAX/Usdt is currently showing bullish signs 📈. The market structure has turned into a bullish pattern, and the price is retracing to test a new demand area 🔄. This could signify a potential upward movement. I anticipate a rise in price from this point, potentially ranging between 15-30% 📈🔥. Remember, this analysis is not financial advice ❌📉. Always conduct your own research (DYOR) and make informed decisions. Happy trading! 💪💰📊
Long
by Crypto-By-Ghazi
3
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 : Uptrend across all time horizons (Short- Medium- and Long-Term). 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.
Long
by altFINS
Riding the Upswing: #AVAX Long Trade Setup with Entry Strategies#AVAX long trade setup: Entry Point: Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions. Additional Entry: Add more positions up to $37.4. This level is identified as a potential strategic buying opportunity. Target Prices: Set specific target prices at $41.5, $43.2, $44.7, $47, and $50. These levels represent potential profit-taking points as the price moves upward. Stop Loss (SL): Implement a mandatory stop-loss at $35.45. This level is chosen to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside. Leverage: The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care. Cautionary Note: Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice. In summary, the recommendation outlines a long trade setup for #AVAX, providing specific entry points, target prices, and a mandatory stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
Long
by CRYPTOMOJO_TA
2
Avalanche PRICE PREDICTION *AVAX*Avax has been surprisingly strong and continues to do so with the latest strong wave. It is likely to break above the $60 level with the last wave. 60 is the minimum and it is possible that it will be higher in reality, but at the moment no one knows what the real level is After that, a bigger correction to make new higher highs. Given the overall state of the crypto market, this is a possible reality Don't forget to support the analysis if you agree. MoralDisciple
Long
by MoralDisciple
2
AVAX/USDT Break the descending channel, Ready for continue up??💎 AVAX's market behavior has recently displayed remarkable dynamism. Currently, AVAX has made a notable breakout from its descending channel pattern and is in the midst of a retesting phase at a pivotal support level. This phase is crucial for AVAX to validate its breakout and continue its ascent towards a significant resistance target. 💎 However, if AVAX struggles during the retesting phase at the support level, exhibiting signs of failure or breakdown, it may indicate a false breakout. This scenario could potentially lead AVAX to revisit the demand area around 31.3, a critical juncture for determining its future trajectory. 💎 Historically, AVAX has demonstrated a strong rebound when reaching the demand zone, suggesting a similar potential response in the current context. 💎 Nonetheless, a lackluster reaction or inability to hold the demand zone could signal bearish trends, possibly leading to a breakdown of this area. Should this occur, AVAX's next directional move could be towards the Bullish OB area, marking a key area for future market movements.
by MyCryptoParadise