Hello there, This is just an idea. It is not investment advice. Good luck to everyone.
Only an idea with a R&S levels!
AVAX long market entry 38,9 SL 32,5 PT1 49,8 PT2 54,5 BE 46,7 RRR 2:1 BINANCE:AVAXBUSD
AVAX is relatively low to mid cap coin that is listed on FTX and Binance. Despite the fact that everything that is on FTX end up pumping. We have decent RR entry.
AVAX has recently seen a strong decline in value after a shattering bullish run in January. After a period of correction and consolidation, AVAX is slowly but surely producing higher lows whilst bouncing off the lower support. Since a lot of crypto's are seeing bullish pressure at this moment, I suspect we'll see more coming to AVAX in the near future. On the...
ANALYSIS 🔎 - AVAXUSDT brokeout above the bullish flag resistance and had a retest. - Possible uptrend continuation. BUY ENTRY ⬆️ - Breakout above the first horizontal resistance level. TARGETS 🎯 - Second horizontal resistance level. - Third horizontal resistance level. SETUP INVALIDATION ❌ - Breakdown below the horizontal support level.
AVAX has been trading in a bearish channel since it hit its all time high a week ago. Today, it confidently broke out of said channel, following Bitcoin's bullish move. At the moment, Bitcoin is experiencing a small bearish correction. AVAX, on the other hand, appears to be unaffected by said correction. This leads me to believe that this break-out will continue...
After a bearish movement, AVAX hit the previous resistance line and stood there for good. Previous resistance now might have become the new support and the trendlines show the next movement would be bullish. However, I don't expect a huge rally, but when AVAX hits the 60$ resistance and breaks it for good, we might expect a huge jump from there. However, we don't...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (36.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AVAXUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (36.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AVAXUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
AVAX is stuck below $36.5-38.5 zone and if AVAX does not rebound, it will fall to $30-31.5 zone. $30-31.5 zone is a good support that we can expect a rally here to $50 zone. 📅EVENTS 👉Mar 31 : AVAX/BZRX Partnership 👉Mar 31 : European Stablecoins 📈BUY -Buy: 30-31.5$. SL if B -Buy: 36.5-38.5$ if A. SL if B 📉SELL -Sell: 36.5-38.5$. SL if A -Sell: 50-52$. SL if...
After a massive bull-run during January and a good part of February, it seems that AVAX is cooling down. On the chart you can clearly see the emergence of a bearish channel, which I think it will follow in the short term. Bitcoin seems to reverse from the $50k resistance, leading to more uncertainty and therefore a decline in the value of alts. On the chart I’ve...
One of the most bullish altcoins on binance , buy the breakout.
Clear descending triangle can be seen in the graph, mouth of the triangle will be the first target if the upward breakout would occur. Just posted in order to follow up the analysis. (educational purpose not an investment recommendation). Rsi is also looking down right now, if it breaks out below 30 it will be the point that I would go all in.