#AVAXDue to the formation of a descending structure in the lower times H1-H4, we see lower floors and ceilings and a corrective formic. Therefore, if the stabilization candle is not recorded above $37.5, this correction will continue and the first target of this correction will be the $25 range. Therefore, any pullback to the range of $37.5 and especially candle rejection will confirm the downward trend in the low time.
AVAXUSDT
⚡️AVAXUSDT CMC TRADING ⚡️ BREAKOUT AND PULLBACKAVAXUSDT has undergone a Change of Character (ChoCh) and is currently in a pullback phase to interact with the Order Block (OB) responsible for the ChoCh. We anticipate a price reversal above the OB and the identified demand zone, facilitated by a significant pullback. Our expectation is for the reversal to lead towards a revisit to the most recent swing high on the chart.
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $35, which it broke, then $25. The nearest Resistance Zone is $50.
In trend-bear (AVAX)📊Analysis by AhmadArz:
Next break renge
🔍Entry: 33.416
🛑Stop Loss: 34.504
🎯Take Profit: 32.346
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AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and price has pulled back on some profit taking. The nearest horizontal support is $35 while the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50. Stop Loss (SL) at $32 (just below prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
⚡️AVAXUSDT CMC TRADING ⚡️ HEAD & SHOULDER AVAXUSDT has recently breached a critical support level following the formation of a head and shoulders pattern. This development indicates a significant potential downward movement to finalize the structural breakout. Anticipating a retracement towards the trend line identified on the daily timeframe is our outlook.
AVAX potential downside to $35My MACD-VWAP indicator signaling potential downside for AVAX to $35 in the coming weeks. My next buy the dip zones are 35 dollars and if we break that with volume, the next downside target is 28 dollars. While in the long run I'm bullish on AVAX, in the near term we may pull back to 28-35 zone that is health for continuation of the longer term bullish structure.
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AVAXUSDT: 4HR VIEW BINANCE:AVAXUSDT currently in consolidation phase, few candles show some bullish character and we expect a nice clean move from this area. Though, if price decides to remain bearish then it can fall further down where there is imbalance which price will likely to fill before it touches the 55.00 region.
What do you think about this pair, do you think it will create a new record?
AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-39 support zone could be an attractive swing trade entry area with upside potential back to $50.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
latest movement..? (AVAX)❤️❤️Thanks for boosting 🚀 and supporting us!
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AVAXUSDT - CRYPTO TIPWelcome to my TradingView profile! In this article, we will embark on a journey together to explore the intriguing prospects of AVAXUSDT, guided by the fundamental principles of market structure and Fibonacci retracement. I invite you to join me in analyzing one of the most traded currency pairs.
Our primary instruments will be market structure, the identification of the trend direction, and the application of Fibonacci levels. We will delve into how these factors can provide meaningful insights for making informed trading decisions.
he inclusion of detailed charts and illustrations will aid in visualizing the discussed concepts. We will explore key Fibonacci retracement levels and how they interact with the overall market structure.
This will be an informative article, focusing on understanding the market context and applying fundamental concepts of technical analysis. The goal is to provide a clear perspective and stimulate critical thinking within our trading community.
If you find this analysis valuable, I encourage you to subscribe to stay updated on my latest posts and market analyses. This is just the beginning, and subscribing will allow you to be among the first to receive updates and trading ideas.
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AVAX: Pullback in UptrendTrade setup : Following a bullish break above $35 key level, price has reached our target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re seeing some profit taking. Now we wait for the right entry area (support). How far could it pull back? The nearest horizontal support is $35 and the nearest Fibonacci Retracement levels (possible support) are $38 (38.20%), $34 (50%), and $31 (61.80%). Hence, pullback to $34-38 support zone could be an attractive swing trade entry area with upside potential back to $50.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
AVAX: Overbought at ResistanceTrade setup : Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re likely to see it pause here on some profit taking.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
AVAXUSDT - LONG Setup!!AVAXUSDT (1D Chart) Technical analysis
AVAXUSDT (1D Chart) Currently trading at $11.3
Buy level: Above $11.2
Stop loss: Below $9.5
TP1: $12.5
TP2: $15
TP3: $18
TP4: $22
Max Leverage 2x
Always keep Stop loss
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