AVAX/USDT Is super Potential as per chart analysis CRYPTOCAP:AVAX Ready for $270 in Bull Run?
1⃣ #AVAX Forming Bull Flag in HTF
2⃣ Breaking out Flag resistance
3⃣ As per Bull Flag Pattern target will be $269
4⃣ For Bull Zone Weekly Candle must hold above $32
5⃣ If 1,2,3 Fractals works then AVAX/USDT will be Super Bullish
6⃣ #Avalanche is a layer-1 blockchain
#cryptomarket
AVAXUST.P trade ideas
AVAX/Avalanche Trade Setup Idea - Avax has a decent structure, I would rather call it bullish
- Avax can easily pierce through 52$ but that's where you will see the catch and some retracement
- If you wanna swing Avax try entering it now so that you all can easily skin out 20% in the euphoric move
- Avax usually moves up with all the major alts
- It can shoot up 20% anytime #avax #avalanche
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
AVAX LONG SETUP Avax moving slowly but the structure and swept new lows grabbing huge buy stops.
- AVAX SETUP RISK 17% REWARD -65% (SWING LONG)
- AVAX has a great ecosystem to be added in your long-term Portfolio
- Avax Sell Zone - 13$-16$ ( We saw a massive demand breakdown from 16$)
- Avax has more possibility of testing 13-14$ because that's an FVG area.
- Avoid Leverage
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.
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. 🚦⚠️
BULLish-bullish flag pattern
-target 18USDT
-short term target
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis and consult your financial adviser if need be
Short bearish view on AVXUSDT (Aave Token/Tether)A bearish view on AVXUSDT (Aave Token/Tether) suggests that the price of Aave Token is expected to decline against Tether or the US dollar. Here are some possible reasons for a bearish outlook:
Market Sentiment: If there is a general pessimism or negative sentiment in the cryptocurrency market, it could impact the price of AVXUSDT. Factors such as market corrections, profit-taking, or a broader downtrend in the market can contribute to bearish sentiment.
Technical Analysis: By analyzing historical price data, patterns, and indicators, technical analysts may identify signals that indicate a potential downtrend. Bearish chart patterns, such as lower highs and lower lows, bearish divergences, or breakdowns of key support levels, could suggest a forthcoming price decline.
Fundamentals: Negative developments in the fundamental aspects of Aave or the broader decentralized finance (DeFi) sector could influence a bearish view. These might include concerns about security vulnerabilities, regulatory uncertainties, or challenges related to the adoption and usage of DeFi platforms.
Competition: Aave faces competition from other DeFi platforms and lending protocols, such as Compound, MakerDAO, or Synthetix. If these platforms gain market share or introduce innovative features that attract users and liquidity away from Aave, it could impact the price negatively.
Regulatory Environment: Regulatory actions or uncertainties surrounding cryptocurrencies and DeFi can significantly impact their prices. If there are restrictive regulations or crackdowns on DeFi platforms or if regulatory bodies express concerns about the sector, it could create a bearish sentiment.
Market Manipulation: Cryptocurrency markets, including DeFi tokens, are susceptible to manipulation due to their relatively low liquidity compared to traditional financial markets. Price manipulation schemes, such as pump-and-dump schemes or coordinated selling, could artificially drive down the price of AVXUSDT.
It's important to note that cryptocurrency markets are highly volatile, and the sentiment can change rapidly. It's crucial to conduct thorough research, monitor market conditions, and consider multiple perspectives before making any investment decisions.
AVAX technical analysisThe price of AVAX rose by almost 81% in January 2023. Daily chart shows upward momentum in the coin but RSI divergence can also be seen indicating some price correction.
Note:
Please DYOR before investing/ trading.
Studies are only for educational purposes only.
I am not responsible for any kinds of your Profits & Losses.