AVAXUSD
AVAX Idea - Possible ReversalI see a possible reversal with the formation of a double bottom in the 1.618 fib range
This reversal may be short lived however (in red) or price breaks this resistance line
A double bottom is a strong reversal sign
AVAXUSDAVAX is currently bearish, however, it has been consolidating for 118 days and seems to have found support.
Steps to take:
1) Buy at $13.50 support area OR candle open/close above $18.00 resistance line OR multiple buy signals
2) Sell if candle open/close below $13.50 support
AVAX/USDT SPOT & FUTURESAVAX LONG SPOT & FUTURES
Targets: 15.69 - 15.90 - 16.20 - 16.70 - 17.60
Lev: 3x
SWING CALL BUY WITH 2% - 3% Fund and HOLD it. You can buy also in SPOT
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AVAX USDT CHARTI think it is worth accumulating AVAX here, it is a very good underrated cryptocurrency, in my opinion very big in #DEFI
If it falls, I will not think about buying it below, but I will do it immediately
The best opportunity of the year to buy AVAX is almost hereWith bitcoin failing to sustain its support all altcoins have a downtrend momentum. One of the biggest opportunities for high ROI and somewhat of low risk comes in the form AVAX.
Overall AVAX has outperform must of their peers. Also, over the year Avalanche has achieved many goals and they have more to come in the near and far future.
It is a really young blockchain with great potential of becoming a key player in the next 20 years. Moreover, they have a solid and strong community that is constantly growing and compering to december 2020 they have 6x the number of followers in twitter and 10x the number of members in reddit.
In the coming days we will have the best prices to buy AVA. After the accumulation face it will return to its ath and by the end of the cycle we will see an even higher price.
Hope you find this helpful
AVAXUSD BUY/LONG NOW READ 19.00 - 70.00TICKER CODE: AVAXUSDT
Company Name: AVA Labs
Industry: CryptoCurrency - Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge (Completed and Retraced)
2. Fibonacci Retracement to reach 0.786 ( Silver Zone)
3. Area of Confluence with 1 Trendline, Horizontal Support and EMA 200
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range
Buy Entry: NOW ACTIVE (19.00) - Still able to enter but NOT at an optimal price and the market
may still test lower before the rise.
1st Partial Take Profit: 70.00 (End June - Early August 2021) - Note that I would consider Full Take Profit Here
2nd Partial Take Profit: 100.00 (End 2021)
Stop Loss: 12.00
AVAX 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Avalanche [AVAX] Pennant formationHi everyone,
It looks like Avalanche is currently trading with a triangle formation. The main bullish trend we are looking at is likely to continue
We are still waiting a solid breakout that can be confirmed with the right price action and volume .
After breakout, potential resistance can be found near the fib. cluster setup as highlighted in the chart. Breaking this resistance could lead to a ATH retest
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