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AVAXUSD trade ideas

AVAXUSD hit the Channel Up bottom. Levels to watch.Avalanche (AVAXUSD) hit on May 12 the bottom (Higher Lows trend-line) of the Channel Up that started after its February 10 2021 High. That was its first High and May 12 marked its second Higher Lows. Assuming that holds, the pattern will continue to hold and we will have to look for specific markers in order to time a new uptrend. As you see, there are three indicators that broke in a specific order during the last rise to a Higher High. First the price broke above the 1D MA50 (blue trend-line) following the Higher Low consolidation. Then the RSI on the 1W time-frame crossed above its MA. Finally the 1W MACD made a Bullish Cross. Keep an eye on those conditions and plan a potential buy strategy accordingly. On the other hand, a weekly (1W) candle closing below the Higher Lows trend-line of the Channel Up, can set in motion the lower Fibonacci extensions, namely the -0.236 and -0.382 before the market bottoms out. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:AVAXUSD
by TradingShot
2
AvalancheBreaking out of the triangle defines mid-term targets for the Avalanche. Breakdown of the key support level $60.00, which is the point of intersection of the triangle trendline at D-1, is a strong signal for the continuation of the current trend. The target of $50.00 per coin will be a clear confirmation of the breakout of the key crossover. The support level at $50.00 looks technically confident for considering short and medium-term purchases within the descending channel with the target at $70.00-80.00. The subsequent potential break of $50.00 support opens technical targets for a test of $40.00 and key support at $20.00.
FTX:AVAXUSDShort
by Kuznetsov_Sergey
2
AVAX/USDT $500 ( 1500% ) Target in 2023 As per My Chart#AVAX/USDT Bullish chart Update:- = $AVAX currently trading at $66 = Highly Potential to hit $500 = 2000% Up after first Accumulation zone. = 1500% Up from 2nd accumulation zone. = 1000% Expecting from the next Accumulation zone. = The next Accumulation zone will be $35-$40 = Red Box RSI is the Perfect Entry zone. = Expecting RSI will hit 30 = This time Breakout did but the Waiting for Retest level which is near $40 = Target will be $400+ Guys $AVAX is a Strong potential Project for Long Term. I am accumulating at every Big Dip. Please LIKE and Appreciate my Hard work. Must follow me for the Latest real Time crypto Updates. Thank you.
BINANCE:AVAXUSDLong
by CryptoPatel
7