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Avaxusdtlong

AVAX 1D SETUP AVAX SETUP : AVAX printed 110% from our initial entry. : The current price action of Avax is somewhat bearish and not clear : Flat to bearish is the current trend I will term it as : From an investment perspective do not enter here, traders can wait for the drawn paths to have a clear direction : Accumulation Zones - 12-15$ 15-17$ : Sell Zones - 28-32$ 45-55$ : Horizon - 6-9 months for investors : Traders - Wait for the market to present you an opportunity spot is the best way to double your capital
by VKtradesimbalance
An Optimistic Gaze at AVAX: Targetting 9.82 then 10.82 🚀🌕In the ever-dynamic realm of cryptocurrency, AVAX, the native token of the Avalanche platform, invites our attention with its compelling market structure and potential growth trajectory. Priced at $9.87, an evaluation of its current technical and fundamental aspects illuminates promising avenues for strategic investments. 📈 Let’s delve into an insightful exploration of why a bullish stance on AVAX may be opportune at this juncture. Technical Analysis 🔍 Current Market Situation: At the present price of $9.87, AVAX seems to be hovering near a critical support zone, establishing a bedrock from which we might anticipate a bullish momentum. 🐂 Price Targets: The following price targets are construed based on the prevailing market structure and technical indicators: First Target: $9.52 🎯 Second Target: $9.80 🎯 Third Target: $9.98 🎯 Fourth Target: $10.83 🚀 (Conditional upon forming two consecutive green candles above $9.98) Stop-Loss (SL): Astute risk management necessitates a stop-loss and for this setup, a recommended SL is placed at $9.24. ❌ Underpinning Factors Influencing the Bullish Perspective 🚀🌐 Platform Utility: The Avalanche platform has been making strides in the DeFi space, providing a fast, secure, and energy-efficient blockchain network, thereby increasing the intrinsic value of the AVAX token. 🌊🔗 Adoption and Partnerships: Continuous development and partnerships with other platforms and organizations enhance the prospect of a positive price trajectory in the medium to long term. 🤝🌍 Market Sentiments: While addressing macroeconomic variables and the wider market sentiment, it's crucial to note that positive movement in predominant cryptocurrencies often spurs upward momentum across the altcoin spectrum, including AVAX. 📊💹 Risk Management and Strategy ⚖️🧠 An indomitable part of every trading strategy is risk management. Adhering to the following principles could fortify your investment: Ensuring that the SL is respected to manage losses effectively. 💔 Employing a risk-reward ratio that justifies the inherent risks of crypto trading. 🔄 Vigilant monitoring of the price movement and adjusting targets and SL accordingly. 🚨 Key Levels to Watch 🧐 Support: The price range around $9.87 - $9.24 🛑 Resistance: Establishing and maintaining momentum above $9.98 is paramount for aiming toward the next target of $10.83. ⛔ Conclusion 🏁 Embarking on this journey with AVAX, we tether our expectations not just on its present valuation but also the underlying fundamentals and technical postulations. While the aforementioned targets provide a guided pathway, it is pivotal to remain adaptable to the incessant ebbs and flows of the cryptocurrency market. 🎢🛤️ Remember: Vigilant observation, adaption to evolving market conditions, and an unwavering adherence to sound risk management principles are quintessential to navigating through the scintillating yet volatile crypto trading seas. 🗝️🌊 Disclaimer: This article is not financial advice but a hypothesis based on technical and fundamental analyses. Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. Always conduct your thorough research and/or consult with a professional before making investment decisions. 🚦⚠️
Long
by hirenbhuva
💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (21.85). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 25.18 TP2= @ 27.64 TP3= @ 30.26 TP4= @ 33.19 TP5= @ 36.75 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (79.59). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 83.63 TP2= @ 87.65 TP3= @ 91.64 TP4= @ 95.59 TP5= @ 99.38 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (88.32). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 94.00 TP2= @ 97.00 TP3= @ 100.00 TP4= @ 106.50 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (79.74). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 85.57 TP2= @ 90.00 TP3= @ 95.00 TP4= @ 100.00 TP5= @ 105.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (42.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 46.68 TP2= @ 52.28 TP3= @ 58.97 TP4= @ 68.43 TP5= @ 80.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4