Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here. The volume weights for today to recreate this exact chart are the following (enter it in symbol...
As with the overall view that markets are potentially in a large bull trap I think it's possible we see something like this unfold.
AVAX hitting a long-term (1D) trendline and can retrace to $23.5.
exited all longs with this pump. was mainly in eth as wee moved avax long profits to eth a few days ago. don't think avax takes out the high. was the final momentum pump we were looking for. next two weeks or so expecting all downside action. just about everything should be a safe short from here.
Currently, Avalanche can process an incredible 4,500 transactions per second, while Ethereum can only process between 15 and 30 per second. This vast difference highlights Avalanche as the superior platform in terms of scalability and transaction periods.
AVAX 1D: Bearish flag brewing as illustrated between the white regression lines. Also note the declining volume against rising price as shown along the bottom of the chart. Strong price architecture is built on a solid volume foundation. That foundation looks to be waning. A downside breach of the 24.17 level, which is (-2 ) standard deviations off the linear...
Many of you probably aren't familiar with a trading strategy called basket trading. I got first introduced to it from my Forex trading days and immediately saw its value. I apply that to Crypto trading to minimize my losses and keep my trades stable and less volatile. It also allows me to harvest profits as targets are reached. Here are the facts about the...
If the price cannot cross the specified resistance, we can enter the short position after the pullback This is a prediction, please check for yourself
Just a very quick update today. Please take a look at the purple area on the chart. BTC, along with the majors, have arrived at the trend bottom. This area must hold for BTC reversal to play. There is still some room for the price to spike down. Expect high volatility over the next few days as the trend is tested and established. It could take another week or two...
W Formation available. I've seen it as a double peak before but I was wrong Insights shown here are for follow-up purposes only. Not Acceptable as ANY Investment Advice
Many are still very fearful of the macro outlook on markets and it's well warranted - however if our lows hold we may see some moves in the future that really shock people.
The Head and Shoulder formation is in making. So the right shoulder zone is also a resistance zone. So keep focus on it.
AVAXUSD is at a resistance level. A sell trade is taken with confirmation with two level of TP.
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...
On the above 3-day chart price action has corrected 90% since the sell signal back in November. A number of reasons now exist to be bullish, including: 1) A ‘incredible buy’ signal. 2) RSI resistance breakout. 3) Price action confirms support on Fibonacci 0.786 as measured from the July 2021 low. 4) Dragonfly DOJI candle prints on 2-day chart (not shown...
Literally been accumulating all the way down on levels that look key for a reversal - this is going to end up being one of the best macro longs in the market when it does exactly what ETH did from $100-4800~.
Britney Spears’ voice seems to sound in the background, singing “Hit me, Baby, one more time”, while Avalanche approaches the orange zone between $70.58 and $58.31 one more time. We expect it to dive into the orange zone to finish wave C in green and wave ii in orange. Afterwards, Avalanche should rise upwards more sustainably, crossing the resistance at $98.77 in...