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AVAX / TetherUS PERPETUAL CONTRACT

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AVAXUSDT.P trade ideas

AVAX : Potential Reversal in MACRO TFA downtrend, or bearish trend is characterized by a few things including making lower lows and lower highs. This is evidently seen when pulling up the macro timeframe and applying trendlines towards major bounce zones or wicks. Similarly, an uptrend is characterized by the price making higher lows, and higher highs. Currently, we are only seeing ONE of these conditions met - the higher lows. This does not mean the price cannot retrace towards the trendline. However, as soon as the trendline is lost, the higher lows is invalidated and the price remains BEARISH. A fall UNDER the trendline would likely lead to a revisit of a wick at $17. While you're here👀 Make sure you check out yesterday's post on 3 Alt that are bearish right now: ___________________________________ BINANCE:AVAXUSDT.P
by CryptoCheck-
1
AVAXUSDT Divergence at ResistanceAVAXUSDT is currently trending downward, creating lower highs as it nears a crucial support level. After a pullback toward the resistance zone, the market struggled to sustain upward momentum, resulting in a divergence pattern. The price has since dropped below the significant 24.00 level and broken through an upward trendline, marked by the appearance of a long-tailed bar, signalling strong selling pressure. Given that the recent bullish move was a correction against the dominant bearish trend, it is likely that the market will continue its decline toward the support level. The development of a triangle pattern suggests consolidation, often a precursor to continued sideways movement. The target is the support level around 22.60
Short
by RTED_Investing
Lingrid | AVAXUSDT divergence at RESISTANCE: Short TRADE AlertBINANCE:AVAXUSDT market is currently moving downward, making lower highs and approached a critical support level. Following a pullback towards the resistance zone, the market failed to gain further upward momentum. This price action formed a divergence, and the price has since fallen below the key 24.00 level. Moreover, the price has broken below the upward trendline after the formation of a long-tailed bar, indicating selling pressure. Since the recent bullish movement was against the prevailing major bearish trend, it seems likely that the market will continue falling towards the support level. Because the formation of a triangle pattern suggests a consolidation phase, which often precedes a continuation of the sideways trend. My target is support level around 22.60 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
AVAXUSDT.1DExamining the daily chart for AVAX/USDT, we see that the price has experienced a significant downward trend since peaking earlier this year. Today’s price stands at $23.57, which marks a decline of 3.24% for the day. Looking at the technical indicators, the Relative Strength Index (RSI) is at 46.72, suggesting a relatively neutral market condition, neither overbought nor oversold. This points to a potential stabilization in price, although the market sentiment does not strongly favor either bulls or bears at this moment. The Moving Average Convergence Divergence (MACD) indicator shows the MACD line slightly below the signal line, indicating a bearish momentum. This is further confirmed by the MACD histogram which is also trending below the zero line, signifying bearish dominance in recent trading sessions. From the chart, we note a descending trendline that has been forming since the highs reached earlier in the year. The price is currently testing this trendline, and a decisive break could suggest a change in the current bearish sentiment. Key support (S1) and resistance (R1) levels are identified at $17.12 and $29.49 respectively. The intermediate resistance (R2) and a higher resistance (R3) are located at $37.26, marking potential targets for any bullish reversal. In conclusion, while the current market conditions suggest a bearish outlook due to the placement of MACD and the prevailing downtrend, any bullish movements need to decisively break past the $29.49 resistance to signal a potential reversal. Conversely, a break below the support at $17.12 could accelerate the bearish pressure. Traders should monitor these key levels and watch for significant volume changes that could indicate a stronger movement in either direction.
by MarsSignals
1
AVAX analysis (1D)From where we put the red arrow on the chart, it seems that AVAX has entered the correction phase. We now seem to be in the F wave. The price can drop down soon. If the g wave is normal, it can end on Entry 1. But if the g-wave is extended, the g-wave can continue up to the Entry 2 range. Risk-averse people can wait for Entry 2, and risk-taking people can enter the range of Entry 1 and Entry 2 in the form of martingale. We have such a view on AVAX. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
AVAX Technical AnalysisAvalanche (AVAX) Analysis Avalanche (AVAX) has been gradually recovering after a significant drop that saw the price decline from the $31.89 level down to a low of $17.29. Recently, AVAX has been trading on a support zone (Yellow) at $20.69 - $23.04, indicating some consolidation as it attempts to regain bullish momentum. Currently, AVAX is hovering around the $23.05 mark, just above the critical support zone (Yellow) at $20.69 - $23.04. Despite this recovery, AVAX faces strong resistance near the $24.53 level, as seen in the recent price action. While the market is showing some signs of recovery, a further downside movement towards lower support zones, particularly the $20.38 level, seems possible if the buying pressure weakens. If AVAX fails to hold above the support zone (Yellow) at $20.69 - $23.04, it may re-enter a bearish phase, pushing the price back towards the lower support level that could determine its medium-term direction. AVAX is currently at a crucial juncture, with the potential for further downside if it fails to break key resistance levels. Traders should watch for the price holds above the support zone (Yellow) at $20.69 - $23.04 for a potential bullish continuation or a rejection that could lead to a retest of the lower support levels.
by TheCryptoCity
AVAX🔍 AVAX/USDT Analysis: 4-Hour Timeframe 📉 The AVAX/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • September 8, 2024, 9:00 AM - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits. • September 12, 2024, 9:00 AM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating AVAX or entering long positions. • September 19, 2024, 5:00 PM, September 25, 2024, 6:00 PM - Red Lines: These are additional times marking potential local peaks, suggesting moments to consider exiting positions before a downturn. When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
AVAX in a Critical Zone: Is a Rebound or Further Decline Ahead?Today, AVAX/USDT finds itself at a pivotal point, hovering around the reversion zone marked by the purple lines on the chart. Historically, this area has served as significant support and resistance, making today’s price action crucial for determining the next move. Current Analysis: - Price Action: AVAX/USDT is testing the lower reversion zone after a sharp decline from recent highs. The price shows signs of consolidation, indicating that traders are waiting for the next catalyst. - Reversion Zones: The reversion zones (purple lines) highlight areas where the price tends to be drawn. Currently, AVAX/USDT is approaching the short reversion zone, a critical support level that could either hold, leading to a rebound, or break, leading to further downside movement. Key Levels to Watch: - Support Level (Entry 1): Around $21.70, this level could act as a springboard for a potential rebound. - Support Level (Entry 2): Around $21.40, this completes the short reversion zone, making it highly likely for price interaction. - Support Level (Entry 3): Around $15.50, given the downward channel, the current candles suggest a potential move to this level. However, reaching this level before the price enters the Exit Zone is less likely. - Resistance Level (Exit Zone): Around $26.65; if AVAX/USDT can rally, this would be the first major resistance to watch and a potential take-profit zone for long entries. - Downside Risk: A break below the reversion zone could see AVAX/USDT heading toward the next support level of around $15.50. What’s your take on AVAX/USDT’s current position? Do you see a rebound coming, or is there more downside risk? Share your thoughts and strategy in the comments below!
by Saver0
Lingrid | AVAXUSDT key Support Signals Potential ReversalThe price perfectly fulfilled my previous idea. It hit the target level. As you've observed, BINANCE:AVAXUSDT has reached the resistance level and subsequently pulled back with bearish momentum. The price is now approaching the channel border, which has served as support multiple times in the past. This sets the stage for a potential reversal. The presence of the round number 23.00 below adds another layer of significance to this support area. The 50% Fibonacci retracement level is also an important factor to consider, as it can often act as a endpoint for corrections in a prevailing trend. Given these conditions, I anticipate potential rejection patterns at this support zone, such as a long-tailed bar or an engulfing candle. These price action signals would indicate a strong buyer interest at this level and could reinforce a bullish outlook if confirmed. My target is resistance around 26.55 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
AVAXUSDT gives Bullish indicationsAVAXUSDT has finally broken out of the consolidation zone that has been developing since early August. On the weekly timeframe, the market formed an inside bar pattern, and the price has now surged above it, signalling a bullish outlook. Like many altcoins, AVAXUSDT has tested historical lows, revisiting levels from November 2023, where a significant price surge previously occurred. On the 4H timeframe, the price action has also broken through a triangle pattern, marking the end of an accumulation phase around 20.00 and indicating a potential bullish move. The market may retest the channel border and upward trendline. The target is the resistance zone around 27.50
Long
by RTED_Investing