Keeping this one short as always. Liking the market structure here on LTF. Think we should see a push coming days/next week into 50$. Once we see a breakout above this trendline the double-bottom pattern should be in play.
Stay safe!
📊Analysis by AhmadArz:
🔍Entry: 38.86
🛑Stop Loss: 42.68
🎯Take Profit: 36 -32.91 -30.35
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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
BINANCE:AVAXUSDT made a rejection at the resistance zone and bounced off. The bulls did not have enough strength to form a new, strong bullish move. Price action broke through the key level at 35.00. I think it might form a second impulse leg downside by breaking the channel border and retesting the lower support level. On the daily timeframe, we have bearish...
#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 $27 support zone
📈 Comprehensive Analysis of AVAX: Daily Market Insights 📈
☀️In today's analysis, we embark on a journey into the intricacies of Avalanche (AVAX) trading, exploring potential avenues for profit amid evolving market conditions. As we delve deeper into the dynamics of AVAX, we uncover compelling insights that could shape your trading decisions.
🔍Zooming into the...
BINANCE:AVAXUSDT
it seems we've formed a bullish trend with three upward waves and created an ascending channel on the daily timeframe. After the wave C, we experienced a downward move, breaking the bottom of the ascending channel. Additionally, we now have a bearish divergence between the highs A and C and the current situation finds us standing at the...
target is 44$ , 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...
Well if you know the rules and your part of the ETFX community you will know what do ...if you don't know about the horizontal placement then check out my Bio and you can go find the rules out for free.
So without trying to get the moderators to limit or ban my ideas AGAIN I have to be a little careful in how i word this...
Remember the white lines are not...
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....
What are your expecting in AVAXUSDT Prices, I n expecting short term pullback to test the supply zone then a sell at 48k wait for good entries.. thanks
