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AVAXUSD

A possible Reverse Head and ShouldersHi traders, As you can see from the chart, the price may form a reverse head and shoulders. In that case, I specified the places where I take a position. My stop level is around 2.57%. This may change depending on your risk level. I am bullish for AVAX. It is because the volume has been increasing lately where you can observe in daily frame. Even though it does not form a reverse head and shoulders, I strongly believe that it will go up dramatically because of the NFT hype. Stay safe.
FTX:AVAXPERPLong
by bahadirkisbet
AVAX Could break to the upside soon!Here's a quick look at AVAX 4 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a bigger break to the upside soon! Keep an eye on this! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone 1. 59$ 2. 65$ 3. 71$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
13
BREAKOUT confirmed and successful retest of Major Support!This means MOOOOOOOOOOOOOOOOOOOOOOOOOOOON If you look at the 1h chart, we can identify a breakout out of Bullflag. With a bullish Bitcoin market (and Solana showing us the direction for blue chips) i see AVAX very bullish for this month. Dont forget that we still have upcoming Updates and Upgrades like USDT & USDC integration, Governance, Subnets... It can only go to moon my friends ! See ya at Moon ! Your Dr. AVAX
Long
by MountainButWithK
AVAX'S RALLY IS NOWHERE NEAR THE FINISH LINEMACD is about to exhibit a bullish cross to catapult the price above the trend line. EMA50 might prove to be a strong support to hold the price in the event of a retest. The volume is significant. The descending triangle is USUALLY a bearish formation; however, it is a continuation pattern as well. Considering the bullish nature of AVAX at the moment. I am on the continuation side of the fence. AVAX has the punch to pull it off.
Long
by Djawad_Afsharirad
3
💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (42.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 46.68 TP2= @ 52.28 TP3= @ 58.97 TP4= @ 68.43 TP5= @ 80.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
What is Support and Resistance?If you have ever looked at a chart or made a trade then you have most likely heard of support and resistance, but everyone has their own approach to identifying and trading it. What is it? Support is an area where there is a surplus of buyers. When price enters this area the buying pressure is stronger and price increases. Resistance is an area where there is a surplus of sellers. When price enters this area the selling pressure is stronger and price falls. How is support and resistance formed? As price moves up buying pressure will gradually decrease until the selling pressure becomes the dominant force. When this happens, the area become resistance . When the selling pressure is stronger than the buying pressure the price will start to retrace (also known as a pullback). Price will continue to retrace until buying pressure becomes the dominant force again. When this happens, the area becomes support . How to plot support and resistance You’ll often see support and resistance plotted as a single thin line on the previous low or high. It is important to remember that support and resistance are areas not exact numbers. Buy and sell orders will be scattered throughout the area, not just on the exact high or low, so we should draw our support and resistance as an area, not a single line. How to trade support and resistance Trade the bounce Buy when price bounces on support Sell when price bounces off resistance Trade the break Buy when price pushes through resistance Sell when price falls through support Important things to remember When price breaks through an area of resistance, that area has potential to turn into support. Likewise, when price breaks through an area of support, the area has potential to turn into resistance. Price will often revisit an area of support or resistance multiple times. The more times this happens, the weaker the area becomes and the more likely price is to break through. This happens because every time price visits that area the orders are absorbed, and the next time it visits the area there are fewer orders. Fewer orders make the area easier to break through. Share your thoughts in the comment section below. Happy trading!
Education
by ForgeTrades
4
AVAX Forms Falling Wedge Pattern, Is A Bullish Breakout Imminent-AVAX has fallen over -30% the last week -Price has formed a falling wedge pattern -100MA continues to act as support Avalanche had an amazing run the last few weeks as prices surged over 200%. This price movement put AVAX at a new high for the first time in many months. Investors have been taking a bullish stance on AVAX as it aims to solve a major problem within the crypto space. The solution AVAX offers is a highly scalable & efficient blockchain that allows for DeFi & Dapps to be built upon it, similar to ETH. It also offers a bridge from the ETH blockchain to its own, which is a great solution for interoperability. 

While looking at the last month of price action , we can see AVAX has held a trend line very well. AVAX just bounced off this trend line a couple days ago & seems to be heading for another potential bounce. Over the last two weeks, AVAX has formed a bullish falling wedge pattern (shown in blue). If bulls manage to break & hold this falling wedge, price will then have to battle it out at the minor resistance of $48.10. If bulls clear this, the major test is at the resistance zone from $53-$58. If AVAX can clear this zone, it will be off for a new high. 

 Considering that Avalanche is nearing its mid term trend line, we have to be weary of a potential break below. If bulls fail to provide a bounce on this trend & AVAX breaks to the downside of its falling wedge pattern, we should expect a fall to the major support zone at minimum. Before this can occur, bears must pull AVAX below the 100MA which has held price up for over a month now. If all these marks get taken out, we should expect $30-$35 to come fairly soon. 

 While looking at the Stochastic RSI, we can see strength just attempted to break into the overbought region but was quickly rejected. As long as strength can stay above the 50 value, AVAX is in position to go on to break its falling wedge pattern. The MACD is showing bullish signs as it has formed a bottom curving formation over the last few weeks. Once the MA’s clear the 0 value, AVAX should launch back to its major resistance zone. 

 AVAX Intraday Analysis Spot rate: $41.95 Trend: Neutral Volatility: High Support: $41.92 Resistance: $48.10
by CoinGape
3
AVAX why i suggested long entries from support hi, In graph you can see there was a power structure from 0-A as soon as it hitted the resistance seller pressure come in and come back strong and as soon as power structure hitted the support there was always a scenrio buyer pressure will came in it will be rejected and then there will be an opportunity to buy , if we see higher low higher lows higher lows then there is always a chance than it will goes down because at every higher low there is a selling pressure and eventually it will goes down or it is forming a higher high higher high it means at each high there is buying pressure so it will eventually go to hight there is strong probability of that . But when you see a strong structure up then 90% chance is there that is will be rejected from a strong resistance there will come a strong selling pressure and will goes down and same in the case of power structure down as in this case it hitted the support and goes up so if you buy it with me as I did in this then enjoy the profits comments below your thoughts check my previous analysis and decide yourself how they goes
Long
by ProfessorMH