📉 BINANCE:AVAXUSDT faced rejection at $39.92 and is now consolidating towards crucial support at $27.24. 🔄 Keep a keen eye during this consolidation phase. 📈 Anticipate potential bounce or breakthrough at the $27.24 level. Stay sharp! #AVAX #CryptoAnalysis 🚀
Avalanche had broken the 100EMA with a nice and steady upward movement here, which is now approaching the 200EMA threshold zone.
We are looking for a potential movement to lower zones near the current market price, which has also led RSI into the overbought zones.
If we see a nice rejection here, we will see further downward movement!
Swallow Team
📊Analysis by AhmadArz:
🔍Entry: 33.37
🛑Stop Loss: 32.37
🎯Take Profit: 34.47 - 35.49 - 36.59 - 37.75 -38.89
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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
The end time of wave D is May 15. According to the structure, we expect to experience at least 68% and maximum 90% growth in the form of wave E. The end time of this upward movement is July 1.
AVAX Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 36.51. Remember stop loss is your friend. Everything is on the chart.
Entry 36.51
S.L 35.49
T.P 1 37.85
T.P 2 39.48
Hi Traders, after much consolidation with market Avax just break the trend line and it's ready to FLY. Meanwhile the trigger is strong candle breakout to close above 36 and enjoy the ride.
This is just for educational purpose, not a financial advice. Have great day
#AVAXUSDT
UPDATE
Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze AVAXUSDT today.
AVAX is making Descending Triangle ha Already Break out in 12H time frame .
Retesting is in process✍
Expecting 50%+ profit🚀
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.
