AVAX broke 50.50 and appears to be correcting.
We're eyeing an entry around 45.00 (100% Fib extension).
Aware of potential BTC/ETH pullback in a double correction impacting AVAX.
Target: 51.70 (T1) & 85.00 (T2).
Stop-loss: 34.80
Risk 1%
AVAX is at a crucial level atm, $48 didn't hold Support. Be sure to watch out for this, because a break below could accelerate selling pressure and pull the pair to $42-$44 creating a new Level of Support.
Current Support Broken= $48
New Support Level= $42-$44
This short term bearish view will be invalidated in the near term if the price turns up and holds...
so good sequence, what u see ?
share with me ur opinion,
in math I TRUST
be careful there is 2 demand zone .
will be updated if we have a change of character
The previous idea on last December price 47$ of CRYPTOCAP:AVAX and I am expecting to be redistribute after the 60$ but I was wrong about it, since the surge continues, Now the CRYPTOCAP:AVAX can clear this highs of 100$. But this idea is too speculative, I am not sure either if price can go there.
But this is crypto all things works once the public buying...
We might think were super bullish, as a trader Im following my own ideology on charts not on hyping or whatever other people say about a coin. they dont even know what they are doing.
Im expecting higher price on CRYPTOCAP:AVAX @55-60$ per coin.
Not shorting unless we have confirmation, other people automatically trade without knowing it.
how come you know...
when the biggest player in the world decides to go with AVAX
it only means one thing
the market has decided
we await Berkshire Apple Tesla Facebook to pick their respected pets as well
size your positions and find a good entry at pullbacks
looking at 15,00 to 12.65 as allocation for big funds to come in
careful in the futures market as handler knows how...
Triangle forming on the AVAX/USD 1H timeframe.
I would wait for confirmation that the breakout has occurred, then enter the trade and exit at one of the targets.
If the price touches the support line 2, my trading setup would have been invalidated and I would not enter the trade.
Trade safely and remember to set your stop losses!
Its chart is confirming bearish movement according to DOW theory and three black crows are also confirming its bearish movemnet so we can take entry at the closing of candle.
CRYPTOCAP:AVAX
Key Level to Watch: 50.44 (red 4)
Scenario: Completing Wave 5 (red) targeting 69-74 area (1.23/1.61% inverse Fibo ext. of wave 4).
Break Below 50.44: Opens the door for a correction towards 45-37 area.
Remember, this is not financial advice.
AVAX bounced off the upper edge of our blue Target Zone (between $50.42 and $41.83). Although the low could already be in place, we still primarily assume a deeper dive into our Zone before the low of the blue wave (ii) is set. Traders could use the range to open long positions. To minimize risk, they could place stop orders about one percent below the lower end...
Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak.
If it continues to repeat the...
Targeting $60 with profits along the way. Neckline on this Cup and Handle pattern has been broken and we have a good entry price here at $42. SL will be just below $40 with a rrr of 5.8.
AVAX broke above 50's (Wave 1 from 9'ish lows) and opend the room for a wave 3 with a minimum extension to the 68 area. From 27 (Wave 2 ) it is developing a 5 waves structure to the upside that could reach 63 area before a bigger pullback happens. Actual retracement should reach 23.6-38.2% of waves 2 so we try to jump in wave five with the following setup: Open @...
A symmetrical triangle is forming on CRYPTOCAP:AVAX 2HR chart. This pattern has a high probability for an upward breakout with current market alt coin conditions ( CRYPTOCAP:TOTAL3 up 1.4% today). Price target is $46 which is a 6.68% gains from current levels. Wait for confirmation and jump in.
DYOR and bring homes those gains!
