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Avax

🔥 AVAX Great Reversal Potential With High Risk RewardA few weeks ago I made an analysis on AVAX and the double-bottom reversal I spotted on the weekly chart. This analysis is a more shorter-term focused view, but bullish nevertheless. I'm looking at the bottom support line, which seems to hold and cause a reversal. For the best risk-reward, I'm targeting the April highs, around 21.40$. Stop below the support. For a less risky trade, consider taking (partial) profits around 15$ and/or 18$.
Long
by FieryTrading
5
AVAXUSDT at 4h support, likely to head towards 14The price the weekly resistance WR1 and got rejected from there. This rejection led the price to hit 4h support 4HS1. This support seems to be good one for a bounce and attempt to the weekly resistance again. Therefore, a long seems to be favorable from this level to price zone around 14. However, in case this support is lost, the daily support DS1 is another level where the price will find the support and a bounce will be favorable for the long trade towards the zone where currently 4h support 4HS1 lies.
Long
by angela_altair
AVAX/USDT bullish Scenario 🚀🔥Avax today analysis💎 AVAX is primed for an upward trajectory, as indicated by the RSI trading above 50, signaling positive momentum. 💎 Currently, it's retesting the demand zone and appears poised for an upward move. We've previously observed the demand zone transforming into a supply zone following market uncertainty. 💎 Above, there's a supply zone and a bearish order block that warrant attention. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
AVAXUSD Crossed over the MA50 (1d). Buy signal.AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th. Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely. Trading Plan: 1. Buy on the current market price. Targets: 1. 19.1500 (Fibonacci 0.786). 2. 21.5000 (Resistance 3). Tips: 1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone. Please like, follow and comment!!
CRYPTO:AVAXUSDLong
by TradingBrokersView
2
The 12.40-17.15 section is the buy sectionHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (AVAXUSDT chart) Looking at the 1M chart, A rise above 17.70 is expected to sustain the price before a full-fledged uptrend begins. Looking at the 1W chart, Currently, it is located in the section formed by the HA-Low indicator on the 1W chart. Therefore, the key is whether it can rise with support in the current section. However, since the HA-High indicator on the 1W chart is located nearby, it is not easy to actually buy. The reason is that the resistance zones are so close together. If the HA-Low and HA-High indicators are close together, you can see that they are converging as you can see by looking at the Bollinger bands. Therefore, in this case, it is necessary to check whether it is supported or resisted in the section consisting of the HA-Low and HA-High indicators, and it corresponds to the buying section. An upward breakout of the 19.73-23.96 zone is expected to release the converged forces. To put the above 1M chart description and 1W chart description together, If support is found at 17.70 on the 1W chart's HA-High indicator, it can be said that the uptrend is expected to begin. Looking at the 1D chart, The support and resistance points of the 1M, 1W, and 1D charts are combined in order of importance. Therefore, many lines are drawn. The interval of the HA-Low indicator on the 1W chart is the range of 12.40-13.83. Therefore, if the price rises from support in this zone, it is more likely to break out of the downtrend line and continue the uptrend. Accordingly, the key is whether the price maintains the price by rising above 13.83 based on the volatility period around July 15th. If this is not the case and it declines, you should check for support near the HA-Low indicator on the 1D chart. (11.56-11.80) The 14.99-17.15 section consists of the HA-High indicator on the 1W chart. Therefore, it is expected that the price will turn into an uptrend only when it breaks above this section. As I mentioned earlier, it is expected that a full-fledged uptrend will begin when the upward break of the 17.15-17.70 section and the 19.16-19.73 section. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
AVAX Avalanche Double BottomAVAX (Avalanche) has shown a promising chart pattern with the formation of a double bottom, indicating a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, and a shift towards upward momentum may be on the horizon. With the double bottom formation in place, AVAX has the potential to rally, and the first price target of $17 seems achievable. As the market sentiment improves and buying pressure increases, AVAX could experience a notable price appreciation. Looking forward to read your opinion about it!
Long
by TopgOptions
SasanSeifi 💁‍♂️AVAX👉1D 🔻▪️ Hello everyone ✌️ As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range. According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction. In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified. ❎ (DYOR)...⚠️⚜️ What do you think about this analysis? I will be glad to know your idea 🙂✌️ IF you like my analysis please LIKE and comment 🙏✌️
Short
by SasanSeifi
1
AVAXUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for AVAXUSDT.1D After the pullback, the price started to move towards the first resistance line and is currently below it. If the price cannot establish itself above the resistance line, we can expect a corrective price movement, but if it breaks the resistance line, we can expect an increase in price to break the second resistance line. Currently, the price is not showing any particular trend and we should wait for an upward or downward movement towards the support or resistance lines. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1
Parabolic Light from The Sky ☀️ ₿ ☀️Hello, hello, hello, crypto champions! 🎉🚀💱 What a fantastic last few days! Suddenly the FUD became FOMO and everyone is looking at Crypto (Blackrock and the rest, even FED Chair Jerome Powell says "crypto appears to have staying power as an asset class."). .. check the idea below on how we bought the SEC-FEDS FUD last week ₿☀️ Light from the sky 🔍 That's the sunlight accidentally through my hand, drawing a perfect parabola. No photoshop and no Ai, just timing. What a marvelous sight, isn't it? Today, that ray of light reflects the path of Bitcoin and crypto soaring skywards in a triumphant parabola. Even nature is celebrating our market highs! ☀️🌈 ₿ Alright, enough with the imagery, let's now put on our thinking on what matters: Trading Psychology! 🧠💡 Remember my friends, 💙 trading is a game. Like every game, there are victories and there are losses. But isn't that what makes it so thrilling? The unpredictability, the highs and lows, the roller coaster ride of emotions? As we navigate through the charts, we should always remember to enjoy the journey. Embrace the market's rhythm, and let it teach us valuable lessons about patience, strategy, and resilience. Trading isn't just about accumulating wins; it's also about learning how to dance with the losses. 🕺💃 Sometimes we win, and we celebrate those wins. And guess what? Sometimes we lose. And that's okay! 🎭 Each loss is not a setback, but a step forward on our path to becoming better, smarter traders. It's all part of the game. So, buckle up! Enjoy the market's ebb and flow, celebrate your victories, and don't be disheartened by the bumps. Take each day as it comes and remember, in the world of trading, every day is a new adventure. Just don't get liquidated! Try a daily trading budget if you are in that category! 🌈🎁 Keep your spirits high and keep trading. Because trading, especially when profitable, is nothing but fun! Wins call for celebrations, but losses are just as crucial. 🎭 They aren't setbacks but stepping stones on our journey to becoming savvier traders. They're all part of this intriguing game. Stay tuned for more insights 🎧🔮. Keep rocking the charts! 🎸📈 I'll post my analysis in the next post, so keep an eye out 👀⏭️. In the meantime, feel free to take a peek at my previous posts below 👓. One Love, The FXPROFESSOR 🤘💫 ₿ 💡Taking some profits and waiting is a good idea at this moment. Market is still Bullish so some positions will remain open.... but some money comes in the pocket, today.
MLong
by FX_Professor
5
AVAX on THIN ICEBankrupt exchange Voyager Digital to shut shop after failed deals, details inside According to Voyager Digital’s lawyers, the crypto lender will self-liquidate its assets after failing to reach an agreement on a sale to either FTX US or Binance.US. The announcement, shared in a court filing on 5 May, comes just ten days after Binance.US abruptly backed out of a $1 billion deal to buy Voyager Digital’s assets when the US government intervened to prohibit part of it. Prior to the agreement with Binance.US, the crypto lender made a similar offer to FTX. When FTX went bankrupt alongside Voyager in November, the first contract was cancelled. Voyager stated in a filing that a number of digital assets on the platform that cannot be removed will be liquidated and returned to its users. These assets include major cryptocurrencies such as Algorand , Celo and Avalanche . Avalanche’s latest collaboration with Chinese company Alibaba could change the game for AVAX in the cryptocurrency market. At press time, the excitement of the partnership was reflected on the AVAX charts. Avalanche managed to secure a major partnership that could make it a stronger contender in the metaverse. AVAX sees low demand despite the hype around a new partnership and supports retest. Avalanche could be about to spice things up in the metaverse thanks to a major development that might be a game-changer. The development in question is a partnership with Chinese tech giant Alibaba. According to Avalanche’s official announcement, the two secured a partnership through which Avalanche will be the conduit for Alibaba’s metaverse pursuits. The partnership will focus on Alibaba’s Cloudverse, the cloud computing segment of the Chinese company which already has millions of customers. Avalanche will provide the decentralized technology to support this metaverse endeavor. Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse One of the ways to tell if the excitement has been converted into strong demand is to evaluate on-chain volumes. AVAX on-chain volume experienced a slight upside in the last 24 hours, although likely not strong enough to support enough bullish excitement. Despite the lack of strong demand within the first 24 hours after the announcement, there was one key factor that may still support a strong bounce. AVAX’s price action had been trading within a tight range after finding support near the $16.50 price range. More importantly, the price was recently pushed into an ascending support line. The same support level may act as a bounce-off zone if AVAX can secure enough bullish demand in the next few days. Its MFI already pivoted after previously registering outflows. Weak bullish demand or a surge in sell pressure may also manifest in the market sentiment shifts in favor of the bears.
CAPITALCOM:AVAXUSDShort
by DaveBrascoFX
9
Tradingview Alerts are a Trader's Best Friend ⏰💯📈🔔🤝💰😎Hi traders, 3 days ago during the 'crash' a lot of my Tradingview Alerts were triggered and when that happens i don't think, i only act as fast as possible.🔔 It worked really well as you can see today with Avax example and on my previous post : Tradingview Alerts to the Rescue ⏰💯🙏 📈Let's not neglect the fact that I have been ''making love to charts'' for many years now. I try to share with you here the simplest form of what I see but there is a lot of sophisticated work behind the scenes; calculating these levels so precisely is a different discussion. As for trading, remember to have fun and trust your charts. Oh, make sure you use Alerts ⏰💯 One Love, The FXPROFESSOR🤝💰😎
Long
by FX_Professor
1
AVAX Falling Wedge!BINANCE:AVAXUSDT is sitting in an aggressive wedge with prices being squeezed. I've got this post as a long as the price action leans towards that direction. Price is at previous area of value and with bullish divergence. > Waiting for buying pressure. Remember, this BINANCE:AVAXUSDT chart even though is sitting in a possible bullish wedge will be dragged around by BINANCE:BTCUSDT so you must have plan A / plan B scenarios planned for. You can refer to my CRYPTOCAP:BTC idea here: tinyurl.com On a possible fake out of this level, this will provide bullish ideas in line with the falling wedge. So the Bulls really need to hold this level (zone) to avoid further downside. Bearish ideas could have potential targets to 12.03 levels. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
Potential Reversal AheadDuring the preceding month, AVAX experienced a continuous decline, aligning with the predictions outlined in the previous analysis, until reaching the support level as indicated on the chart. Notably, the price range of $13.7-$14.20, depicted in blue, generated a favorable positive response. However, the $15 mark, which initially served as a support level, has now transitioned into a short-term resistance, leading to the establishment of a trading range between $15 and $14. Furthermore, within the 4-hour timeframe, it would be prudent to anticipate the breach of the upper boundary of the channel, which can be depicted by a downward trend line or channel. Such a development would signal a forthcoming trend reversal in the days ahead. Consequently, in the weekly timeframe, should the price surpass the $15 range once again, it would imply a likely conclusion to the ongoing correction. Conversely, should market selling pressure intensify and the current support level for AVAX be breached, the subsequent robust and reactive range can be expected around $12.40. Additionally, it should be noted that the Relative Strength Index (RSI) currently stands at 40. The RSI, a technical indicator, represents the strength and momentum of price movements. A reading of 40 indicates a neutral position, suggesting a balanced state between buying and selling pressures in the market.
by MonoCoinSignal
3