Avalanche (AVAX) Bearish Short TermAVAX is at a crucial level atm, $48 didn't hold Support. Be sure to watch out for this, because a break below could accelerate selling pressure and pull the pair to $42-$44 creating a new Level of Support.
Current Support Broken= $48
New Support Level= $42-$44
This short term bearish view will be invalidated in the near term if the price turns up and holds above the $50. AVAX price could rise to $60 and thereafter attempt a rally to the overhead major resistance at $65.
AAAVAX Perpetual Futures Contract
23.54USDR
−1.93−7.58%
As of today at 18:20 GMT
USD
No trades
AVAXUSD.P trade ideas
AVAX/USD/AVALANCHE UPDATEDThe previous idea on last December price 47$ of CRYPTOCAP:AVAX and I am expecting to be redistribute after the 60$ but I was wrong about it, since the surge continues, Now the CRYPTOCAP:AVAX can clear this highs of 100$. But this idea is too speculative, I am not sure either if price can go there.
But this is crypto all things works once the public buying it. anyone here has the spot of 17$ a share last dip can still win or ride the 100$..
This is not a financial advice.
Only Gods and the dead can seem perfect with impunity""
How I would trade AVAXUSD on the 1h timeframeTriangle forming on the AVAX/USD 1H timeframe.
I would wait for confirmation that the breakout has occurred, then enter the trade and exit at one of the targets.
If the price touches the support line 2, my trading setup would have been invalidated and I would not enter the trade.
Trade safely and remember to set your stop losses!
Avalanche: Bounced Off ⛹️♂️AVAX bounced off the upper edge of our blue Target Zone (between $50.42 and $41.83). Although the low could already be in place, we still primarily assume a deeper dive into our Zone before the low of the blue wave (ii) is set. Traders could use the range to open long positions. To minimize risk, they could place stop orders about one percent below the lower end of the range. A drop below the Zone would trigger our alternative scenario (27%), which still sees the price in the turquoise-colored wave alt.2. This move would reach the same-colored Target Zone (between $29.30 and $17.48).
AVAXUSD $104 is the minimum target on this run.Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak.
If it continues to repeat the sequence, then we can see $155 as a peak (Higher High), since the previous leg topped at around +470% from the bottom. We take a more conservative target however, aiming for the April 02 2022 High at $104.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Avax Long idea @ 54.44AVAX broke above 50's (Wave 1 from 9'ish lows) and opend the room for a wave 3 with a minimum extension to the 68 area. From 27 (Wave 2 ) it is developing a 5 waves structure to the upside that could reach 63 area before a bigger pullback happens. Actual retracement should reach 23.6-38.2% of waves 2 so we try to jump in wave five with the following setup: Open @ 54.44; T1 @ 56.23; T2 @ 64; SL @ 51.60
AVAX LONG OOPORTUNITY | $46 SOONA symmetrical triangle is forming on CRYPTOCAP:AVAX 2HR chart. This pattern has a high probability for an upward breakout with current market alt coin conditions ( CRYPTOCAP:TOTAL3 up 1.4% today). Price target is $46 which is a 6.68% gains from current levels. Wait for confirmation and jump in.
DYOR and bring homes those gains!
ATH supply I see a lot of confusion here.. i looked into avax price action, and there's a 3M breaker controlling the price. Those who know this asset, can also notice that price loves 1.618 fib, therefore, the top of the fork is precisely the ATH and also the 1.618 algotarget from the 3M bullish breaker. 😉
AVAXUSD: Avalanche Elliott Wave History and Potential2024-01-17
The Avalanche token AVAX was created about September 2020, and began trading on exchanges about a year later, after an investment of 230 million USD by an investor group.
The all-time high of the token is US$ 147.50, achieved shortly after its listing. Since then it has been trading downward alongside the general crypto winter of 2022 to a low of $8.62 (Coinbase) on September 25, 2023.
Since the last week of September 2023, AVAX caught the spirit of the new crypto bull market, and commenced a complete five-wave Elliott Wave impulse peaking on Christmas Eve (12/24) at exactly $50.00, a psychological level that is also just short of the first historical chart resistance at $51.25.
Since Christmas, AVAX has been trading down as low as $31.25, in what appears so far to be a simple sharp A-B-C correction.
For a successful run to a new all-time high the token must overcome three principal levels of resistance:
- a band at the $50-52 level
- the 0.618 Fibonacci retrace level of its decline from ATH, which also coincides closely with a structural apex of the decline.
- the all-time high at $147
Since the token has seemingly completed an entire Elliott Wave impulse, and has therefore formed a new wave one top, we can use this value to project the future potential for advancement, potentially into open price discovery above $150. However, the complete analysis relies on the certainty of completion of wave two, which needs to be confirmed.
The chart shows what this may look like in the large black wave, of which wave three ends at about $550. If the past angle of attack, or slope, continues to prevail, this should complete sometime in Spring.
AVAX approaching key confluence. Long idea @ 35.86AVAX approaching key confluence:
50% retracement of 27.13-43.60 move
100% Fibonacci extension of recent ABC down-movement
Targeting another swing higher:
Entry limit : 35.86
Stop-Loss: 32.30
Take Profit 1: 38.13
Take Profit 2: 48.51
Risk:Reward: 1:2
Remember, this is not financial advice. DYOR and trade responsibly.
Avalanche: Gained Momentum 🔥AVAX continued to decline until last Friday. Then, however, there was a change of direction and the price shot up by more than 12%. This development strengthens our assumption that the downward swing was merely part of the substructure of the current (corrective) upward movement. We now primarily expect the magenta wave (b) to bring further significant increases. It should only end below the resistance at $56.43, where a fresh sell-off should replace it. The price should then fall back significantly to complete turquoise wave 2. However, our alternative scenario (48% probable) should be considered, which calls for sustainable rather than corrective gains. It comes into effect on a break of the $56.43 mark and already sees the coin in the turquoise-colored wave alt.3.
AVAX Bull SignThe Avalanche token AVAX was created about September 2020, and began trading on exchanges about a year later, after an investment of 230 million USD by an investor group.
The all-time high of the token is US$ 147.50, achieved shortly after its listing. Since then it has been trading downward alongside the general crypto winter of 2022 to a low of $8.62 (Coinbase) on September 25, 2023.
Since the TL has been broken, Im going to BUY this token for a scalp
