As we can see Avax made Head and shoulders,retested neckline! Price can fall to 50$..I know sounds “so bearish” but everything is possible in this market.There will be minimum 4 interest rates increase this year to come in the US which is not good for us (for Crypto)
Not financial advice! Stay safe..
Avalanche currently has fastest smart contracts platform on market, which is one of the most important things in trading currency's. They also hit all time high's daily transactions (1M) while keeping gas fees low. Many more things are in motion so I expect price to go up.
Entry price (Black line): 75.38$
Stop loss (Red line): 72.63$
Target prices (Pink box):
AVAX is in a zone of strong support. 2 price movement scenarios are indicated. Volume & Fibo Support and resistance levels are indicated.
Background of candles, MAs, chart and RSI indicate the strength of the trend and the mood of traders
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Avax broke out once it reached our structure level at 80. We are now seeing an ABC correction for another move higher.
- Watch for break of descending red trendline and enter with stops below the recent lows
- Risk entry would be now with stops below the 618 fibonacci
- Take your positions off at each of the fib levels: 0, -0.27 and 0.618
Just like most of the crypto markets, AVAX has seen a sharp reversal over the last couple of days. If we connect the December lows with the lows of last week and the latest tops, we can clearly see a bull flag pattern emerge on the chart.
Since we're coming from a strong bullish trend, the most likely scenario would be a bullish break out from this pattern. Be...
In the loving memory of my child Muffin I present you this chart analysis....please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
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In our last AVAX analysis, we mentioned that we would see one more push down for the C wave completion.
We've reached out target area for buys now and already seeing nice bullish pressure.
- enter with stops below price rejection
- Targets: 125, 145, actively manage the rest
Please bare in mind that price may come down to retest the 50fib again...
Really interesting scenario where hourly timeframe has complete opposite trend of daily
If you look at hourly chart,
Clear visible downtrend channel
Price is just below upper trendline of downtrend channel
Multiple bearish patterns suggesting downward price movement
If you look at daily chart,
Clear visible uptrend channel
Price just above lower...
Hello to all dear traders, I hope you always hunt for big profits.
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need...
Hello traders, as you could see avax was moving in an ascending triangle and the support level was broken recently. The price may retest the resistance level of 91 and proceed to head down to support level of 86.