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AVAX 3x Short / Tether

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AVAXUSDT.3S trade ideas

#AVAX Ready to Skyrocket: Massive Gains Ahead!Hi everyone! Today, I'd like to highlight another top altcoin: AVAX. It has found strong support at the anchored VWAP and is currently retesting a previous high area. Recently, $AVALANCHE surged to retest the previous support level from 2021, around the $65 zone, which acted as resistance. Now, it's finding support from previous highs. The VWAP is a highly regarded indicator, often used by institutional investors. Given this, it might be an excellent time to buy AVAX, as it appears ready to soar from its current range of $20 to $22. If it retests its all-time high of $148, we could potentially see returns of up to 500% from this point.
Long
by crypto_vulture_signals
1
Will AVAX Price Test $100 In 2024?Avalanche protocol has a market cap of $14.1 Billion and is ranked 12th in the CMC. The volume of the AVAX has observed a surge of over 66% in the past 24 hours. It has a total supply of 442,544,533 in which 54.9% is circulating in the market. AVAX is currently trading near the value of $36 with a gain of 1.74% in the intraday session. AVAX price is currently forming small consolidating candles on the daily chart. It is trading below the 50 and 100 EMA. The upside trend of AVAX can see a halt near the value of $40. Meanwhile the support of the asset price can be observed near $30. The RSI of AVAX is near 47 with no slope in it suggesting its presence in the neutral zone. The overall momentum of the RSI is consolidating in nature.
by Ritika_TCR
Get ready to ride the avalanche with #AVAX! 🏔️💎 Paradisers, #AVAX has formed a 'W' pattern on the bullish Order Block (OB) zone, which enhances the probability of a bullish move. 💎 If #AVAXUSDT breaks out above the resistance level, we can set targets for the next resistance levels. 💎 In the case of a pullback, we could potentially see a triple bottom if the price shows bullish signs at the bullish OB. 💎 However, if the price breaks down below the bullish OB, it will invalidate the bullish signals. In that case, it's best to wait for better price action to develop.
by MyCryptoParadise_Nathan
AVAX 1D SETUP AVAX SETUP : AVAX printed 110% from our initial entry. : The current price action of Avax is somewhat bearish and not clear : Flat to bearish is the current trend I will term it as : From an investment perspective do not enter here, traders can wait for the drawn paths to have a clear direction : Accumulation Zones - 12-15$ 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
AVAX 1D CHART AVAX BUY SETUP - Avax has recently underperformed a lot. - Major Alts are performing quite nicely except Avax and some more. - If Avax starts building up a base here it's going to soon show us a parabolic move. - Bull Run is quite and I believe we are in a good phase to build a strong Portfolio. - Do not go all in no matter how cheap the crypto looks. - Accumulation Zone - 8-9$ (50%) 3-5$ (50%). - Holding Period - 6-12 months. - Remember one thing keeping a realistic approach will only help you make money those moon guys and 100-200% Youtubers are just as fake as their words are. - Not a Financial advice.
Long
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