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AVAX / TetherUS

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Avax Up to 27 % Or Dump to 16% !?Diamond Pattern Analysis After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35. If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81. It is crucial to set a stop-loss because this pattern doesn't always work accurately. Remember, this is solely an analysis, and your profit and loss are your own responsibility.
A
by Crypto-Oracle1
FALLING WEDGE FORMING? A falling wedge pattern is a bullish chart pattern that usually forms during a downtrend, indicating a potential reversal. If AVAX (Avalanche) is forming a falling wedge pattern, traders may look for opportunities to enter bullish positions. Here's a trade idea based on this scenario: AVAX Falling Wedge Bullish Trade Idea: Pattern Observation: AVAX has been in a downtrend, characterized by lower highs and lower lows. A falling wedge pattern is forming, marked by converging trendlines sloping downward. The falling wedge pattern typically indicates a weakening downtrend and potential bullish reversal. Personally i may consider entering at 0.618 (53.765) or Just wait for pattern to breakout
Long
by Oski_Monki
AVAX Megaphone updateAVAX decided to push to the upside and I am glad that I averaged on that bottom support line. I will admit once the fed dovishness arrived I did deploy the rest of my stables into AVAX and INJ before liftoff. I had been DCAing a few select alts including AVAX on this latest flushout. -My bags have been packed, but I did get some tokens at a discount by selling more volatile setups like JOE into stables last week -70$ is the more likely direction here as this megaphone expands, I expect a test to the top teal line within 3-4 days here, this invalidates my temporary bearishness, this is also why daily and weekly charts reign supreme
Long
by Apollo_21mil
2
Avax expansion of volatilityAvax had a really powerful move recently before this downturn in BTC. My short term target was hit, which generally means I stop buying for a bit as a local top is likely in. I have taken this opportunity to average in on this base, this expanding wedge or asymmetrical megaphone presents a problem though. Note the break of OBV to the downside, if this is not just a flush this is bearish. Given that this is just a 4-hour chart we could see more downside to the purple long-term trend line. If BTC really dumps I think we could see 41$ again. -In summary, I am very conflicted on direction here, BTC decides where we go. An expanding pattern such as this means more volatility than we have seen. -A high of 70 if AVAX depegs from BTC -A low of 41 with a more likely retest of 48 is most likely.
by Apollo_21mil