📈Technical Analysis: AVAX for Potential Trading Opportunities🚀📈 Comprehensive Analysis of AVAX: Daily Market Insights 📈 ☀️In today's analysis, we embark on a journey into the intricacies of Avalanche (AVAX) trading, exploring potential avenues for profit amid evolving market conditions. As we delve deeper into the dynamics of AVAX, we uncover compelling insights that could shape your trading decisions. 🔍Zooming into the 4-hour timeframe, AVAX witnessed a noteworthy retracement following its ascent to the $63.78 mark, experiencing a 50% pullback. However, the retracement lacked significant bearish momentum, hinting at underlying strength within the market. This suggests the potential for a bullish continuation, with a promising trigger emerging on the horizon. 📉Amid recent market volatility, AVAX found reliable support around the $33.13 level, followed by a rebound and subsequent retracement to the 0.382 Fibonacci level. Despite minor fluctuations, the prevailing sentiment leans towards optimism, as sellers struggle to exert sustained downward pressure. This sets the stage for potential long positions, contingent upon buyer confirmation. 📊While current volume levels remain subdued, reflecting typical weekend trading patterns, there's a modest uptick compared to previous sessions. However, volume alone fails to decisively affirm the direction of the trend. Meanwhile, RSI presents a noteworthy signal around the 65.43 mark, indicating the potential for overextension and signaling bullish momentum if surpassed. 💡For traders eyeing short-term opportunities, consider a long entry upon breaching the $39.28 threshold, coinciding with the 0.5 Fibonacci level and offering confirmation of bullish momentum. Patience is key as volume dynamics unfold, potentially affirming buyer conviction. Additionally, monitor for a potential short entry below $33.13, particularly as the SMA99 converges with candlesticks, hinting at potential bearish momentum. 📝As we navigate the complexities of the AVAX market, it's imperative to remain vigilant, adapting your strategy in response to evolving market dynamics. The current landscape presents an array of opportunities for astute traders to capitalize on potential price movements. Stay tuned for ongoing updates and insights as we continue to dissect the intricacies of AVAX trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2Longby itsparham967
avax/usdttarget is 44$ , the orange line. mid to long term target is 60-70$ entry : green lines! comment : dollar cost average on avax on green lines. easy spot play which I'm going to take. by cryptopanda942
AVAX Bullish Bullish U pattern ! Lets go make some money ! Wish you best luck guys !!! lets goooLongby FredypepUpdated 2213
AVAX, the flattening? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Same levels on watch since last update, when it pivoted at AOI. 🧵 I see a 3 wave move up, but honestly, doesn't matter. Many variations would benefit from at least one more low. $38 break and flip needed. $26-$22 AOI if lower atm. Longby CryptoKnee3
AVAX-USDT | 4H | TECHNICAL CHARTHello traders, AVAX has completed its first 5 waves, and now it's time for the completion of the ABC wave. Right after the completion of wave C, I combined harmonic patterns and made an analysis of both. I marked my target with yellow arrows on the chart after the completion of the harmonic pattern. If you want me to keep my analysis up to date, please don't forget to like this post. Thank you for considering my analysis and perspective. by TraderTilki0
AVAXUSDTBINANCE:AVAXUSDT the tools that were used for this analysis is 1 fib wedge 2 Elliott Triple combo 3 OB 4 head & shoulders Patterns Plus price actionby alial-gayyali1989Updated 5
AVAX BTFD? 42024Im constantly scouring all assets. I see a potential setup for AVAX trade. Its corrected about 50 percent off its highs. WIll late buyers step in? are we being overly cautious and should be backing up the truck throwing all our money in? not quite. but there a possibility that AVAX does what it always does. Rallies off this zone and destroys shorters and deniers. Then later traps in again late buyers. Possible rally coming. COuld also lose so be careful no one knows exactly but going off of history. ONce we hold this level. Fireworks set off Possible GOD CANDLEby BrandonrGUpdated 0
Avalanche (AVAX) to $380Price action has corrected 80% since the sell signal last November as is shown on the above 2-day chart. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal. 2) Both price action and RSI resistance have broken out (1-day chart below) 3) Regular bullish divergence (1-day chart below). 4) Both points 2 and 3 are also true for the BTC pair (below). 5) The target is a measured Fibonacci move to the 1.618 as it was with the last cycle. Is it possible price action falls further? Sure. Is it probable? No. Good luck! Ww Type: trade Risk: <6% of portfolio Duration: 1 - 3 months Return: 15x 1-day chart 1-day BTC pair Longby without_worriesUpdated 6868146
AVAX USDT fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30! fri 12 apr '24 20:30!Shortby DR_PREDICTOR1
AVAXUSDI am expecting AVAX to reach below Jan 1 marked price low, fill the Monthly FVG (Gap), then proceed to buy up to 50$ High and Above.Longby Andres14952
🏔️💰 AVAX Long Trade Opportunity! 🚀📈📊 Analysis: Support Retracement: AVAX is currently at the $32.00 - $35.00 support level. Entry Point: Consider entering a long spot trade within this support range. Profit Targets: Aim for $40.00 - $45.00 or $50.00 - $53.00 resistance levels. Risk Management: Set a tight stop-loss just below $32.00. 📈 Trading Strategy: Entry: Long trade initiated within the $32.00 - $35.00 support range. Targets: Take profits at identified resistance levels. Risk Control: Maintain discipline with the stop-loss. 🚨 Note: Monitor the market closely for any changes in price action! 📊🔍 #AVAX #LongTrade #CryptoAnalysis 🎯💱 Longby Richtv_official4
Another correction before bullishThe safest way in investment is DCA strategy. This is suggestion zone for you to DCA . Not financial advisorLongby LelakiMelayuTerakhir5
AVAXUSDT. Looking for salesHello traders and investors! On the daily timeframe, we observe a sideways trend. The buyer's vector 4-5 has played out. The price is at the upper boundary of the sideways trend, and we can consider looking for sales as an idea to implement the seller's vector 5-6 with the first target at 40.07 (then 34.83, 32.3). After the previous review, we notice a strong resumption of the seller from the upper boundary of the sideways trend at 49.96. I anticipate that the price will test the local minimum of 44.97. On the daily timeframe, we also see a sideways trend. The current seller's vector is 8-9 with the first target at 45.17. It's preferable to look for sales from the upper boundary of the sideways trend on the hourly timeframe, ideally from the seller's protection level at 48.17. Alternatively, look for sales below the level of 44.97 in the absence of buyers there. Shortby AlexeyWolfUpdated 3
AVAX → Avalanche Reached Resistance! Reverse to $25? or $75?AVAX has met a major 2021 lifetime resistance area and rendered a strong sell signal in response. Is this the time to short? How do we trade this? 🤔 We have three pushes up in a bull trend; the third push has made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. What we need now is a test of the 30EMA as resistance followed by a strong bear bar closing on or near its low. This will be our confirmation bar and our queue to enter a short. Take half profits at 1:1 Risk/Reward then move the stop loss up to the entry price to secure profits. Swing the latter half of the position to 1:3 Risk/Reward just above the previous major support, or until a reversal pattern appears. 💡 Trade Idea 💡 Short Entry: $46.50 🟥 Stop Loss: $53.00 ✅ Take Profit #1: $39.85 ✅ Take Profit #2: $27.00 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Three pushes up into a bull trend. 2. Price has made contact with a 2021 resistance area. 3. Strong sell signal pushing below the Daily 30EMA 4. Wait for confirmation candle just below the Daily 30EMA to enter a short. 5. RSI at 48.00 and below the Moving Average, supports short bias. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading PsychologyShortby TraderEngineeringUpdated 5513
Avalanche(AVAX): Cup&Handle = Getting Ready For Breakdown!Avalanche has formed a nice Cup&Handle pattern here, with price teasing that neckline zone. Not to keep it long, all is clear; we wait for a breakdown, and then we will enter. Swallow Team Shortby SwallowAcademyUpdated 171717
AVAX - SHAKEOUT before FINAL ATH📉Hi Traders, Investors and Speculators of Charts📈 AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common. I've been bullish on AVAX for a very long time, and we've seen great increases since my last update: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:AVAXUSDT Long03:19by CryptoCheck-Updated 229
I think its doing Drop Base RallyThis is not a financial idea or something. Im just learning ICT concepts and testing. Do not use this chartLongby ALAGARR4
Lingrid | AVAXUSDT potential short from the Daily RESISTANCEThe price of BINANCE:AVAXUSDT has been making lower lows in the downward channel. The market made a consolidation zone, then broke through it. On the weekly timeframe, it's approaching the demand zone. I think the market might move below the round level at 40.00; take liquidity below it, then move upward. On the daily timeframe, we have a slightly different picture. The price is testing the strong support level at 40.00–41.00. My goal is the support level at 40.00. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby LingridUpdated 1113
AVAX It is Moving Towards The Supply ZoneSupply & Demand Zone This Time is Very Important. The Intersection of The Gray & Red Areas Is An Important Placeby PiSKoL4GUpdated 3
AVAX USDTAs we see there is a correction on AVAX and we are now on very important level 0.5 Fibonacci, we will retest the bearish OB to fill the fvg and the price will fall to 0.618 fibo at 42usdt, then I will update you with evrythink traders. support me by comment and follow love you. Don't forget to have good risk management because the cryptocurrency market is very volatile.Shortby alial-gayyali1989Updated 7
AVAX - Let's the avalanche roll big!AVAX - seem to be out of his long term dormitory phase, This coins has always had great potential.. But people now start to buy it. It is painting a VCP pattern which is broken up, leading to paint the other secondary leg giving to the coin a bullish momentum. We have some targets and one of them is round 145$ if the volume and the trend become/stay consistent. What do you think? Good trading!Longby EdoardoTelveUpdated 9