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...
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...
Avalanche is facing the resistance from $60.
A bullish break-out and the daily candle closure above $60, the key daily resistance, will push AVAX price higher towards $64-$67 and higher to $72 .
A bearish dip to below $54 will result in a decline to re-test $47-$49, the key daily support.
Intraday Chart
Unable to sustain the price action above...
- Fast Update.
- Everything in Graphic.
- Buy Breakout 50$++. ( always wait Weekly candle on Monday to have confirmation ).
or
- Buy Retracement : 18$ ish ( 25% invest ).
- Buy Bottom : 10$ ish ( 75% invest ).
- TP1 : 150$ ish( old ATH )
- TP2 : before 380 to 500$ ish ( Just don't be greedy ).
Play S4fe
Happy Tr4Ding !
Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever:
This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a...
The daily and 4-hour price charts of Avalanche showed the bears were highly likely to drive prices lower, especially after the move below $13.88 on 5 June.
The higher timeframe charts showed that the mid-April rally failed to break key highs.
This was followed by a downtrend in May, but the $13.8 area posed some opposition to the sellers.
Avalanche had a bearish...
KUCOIN:AVAXUSDT
AVAX is approaching an interesting level for a possible long providing a potential of about 40% upside gains.
However, since Bitcoin is sitting in a huge Head & Shoulders pattern, we must let our edge develop on lower time frames 4h to
look at entry triggers.
Should the Head & Shoulders activate, potential downside target to possible pullback...
Here's a Quick SHORT Setup for Avalanche
Entry -22.22
Stop Loss -22.80
Target # 1 -20.86
Target # 2 -20.22
I may get stopped out REAL quick! But that's trading for ya ! :) YOU win some and loose some.. Good luck out there today guys !
Avalanche (AVAXUSD) is about to hit its 1D MA200 (orange trend-line) for the first time since April 11 2022! Needless to say, a break-out there would be a major long-term bullish signal for the coin.
With AVAX trading within a Channel Up since the February 2021 High, we can see that the best Sell entry and (potentially now) best Buy entry have come around its...
Avalanche (AVAXUSD) is recovering from the recent rejection on the 1D MA50 (blue trend-line) last week. That would be the third attempt that close to the MA50 in 3 weeks and with the 1D LMACD on a strong rise, it appears it could be the decisive one to break it.
In fact the same LMACD sequence was last spotted in July 2021, a year ago, when the price eventually...
Hello 🐋
Based on the chart, the price is close to the channel support and the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️
if
the price breaks the resistance area to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀
and
if the price break the rang area to the...
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...
Avalanche (AVAXUSD) has been trading below the 1D MA50 (blue trend-line) for the past week, ever since the pull-back from the April 02 High. Even though that rattled the confidence of many market participants, there is no cause for concern as this was a short-term profit-taking correction within the larger Rising Wedge pattern on the long-term.
The coin is coming...
Avax is performing well as other altcoins do. We broke the bearish TL, and now we can go even higher to $115. Just watch volume and sentiment on other altcoins.
Avalanche has been one of the surprises of 2021 and despite the market correction since November, it is seen consolidating in rage. I've spotted an interesting cyclical behavior of AVAX, which can provide a fairly accurate pattern to long-term investors.
As you see it is going through phases of accumulation - rise - sell off. There is an underlying Fibonacci...
Pattern: Channel Up on the 1D time-frame.
Signal: Buy as the price is A) holding the Higher Lows (bottom) trend-line of the Channel Up, B) holding the 1D MA100 (green trend-line) and C) holding the 6-month CCI Support Zone.
Target: $200 (just below the 1.5 Fibonacci extension and Higher High trend-line of the Channel...
