AVAX looks good for a scalp long, this is the same set-up as the before mentioned ATOM long. RSI has a bullish divergence and it broke out of the downtrend and succesfully retested.
TP1 36.8
TP2 40
SL 4H close under 33.5
R:R 7
#AVAX
Price is trading inside a descending channel pattern
Price reached the channel's upper resistance but could not break through
A sharp downside move could lead to a decline towards the $32 to $27 support zone
CRYPTOCAP:AVAX W pattern is in making in 1Dtf and you know what will happen when W pattern breaks out🚀
CRYPTOCAP:AVAX is the next Big Thing💵
I'm in Long from: 36.40
Minimum Targets 40.00 - 44.00 - 47.00
Sl: 30.00
#dyor #nfa #aqeelonline
Stop loss 10%.
It is important to use stops loss, then you can get it from the lower prices and bigger quantity. Price tapped our support level at 29.33. It worked very well and filled the imbalances as well.
Avax looking good!
Break of daily trend and a retest of the break could be a nice entry.
We also have support (and could see bounce) from 20 and 200 Moving average.
Avax is in a good position to starting a new wave.
With some help from BTC, this could be a killer entry.
Non financial advice - but for me, DCA or trade are both good options.
The cryptocurrency space is a whirlwind of predictions, with influencers and analysts vying for attention with bold claims about the future of various digital assets. One such case is Crypto Archie, a popular Twitter personality who recently made a bullish prediction for Avalanche (AVAX), a gaming-centric cryptocurrency. With AVAX experiencing a significant rise...
📈 Comprehensive Analysis of AVAX: Daily Market Insights 📈
☀️In today's analysis, we embark on a journey into the intricacies of Avalanche (AVAX) trading, exploring potential avenues for profit amid evolving market conditions. As we delve deeper into the dynamics of AVAX, we uncover compelling insights that could shape your trading decisions.
🔍Zooming into the...
BINANCE:AVAXUSDT
it seems we've formed a bullish trend with three upward waves and created an ascending channel on the daily timeframe. After the wave C, we experienced a downward move, breaking the bottom of the ascending channel. Additionally, we now have a bearish divergence between the highs A and C and the current situation finds us standing at the...
target is 44$ , 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.
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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.
Hello 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...
Im 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....
Price 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...
