New Years Eve!❄️ AVAX ADA LINK ETH HOT Situations!Hey guys!
A friend has recently asked me to review some coins so here are my analysis starting off with and will publish screenshots of the other coins possible outcomes in the comments area.
As always, please manage risk accordingly and don't get ahead of yourself. Walk with caution and stay wary market conditions could potentially change at any given moment it's just a matter of a catalyst for this to blow up! Now, here are my UNBIASED directions so you are prepare to comfront different situations that could happen at each coin.
My gift to you dear reader. Happy New Years Eve!!! ❄️
Kina the Girly Trader ❄️
AVAXUSDT trade ideas
AVAXUSDT ANALYSIS 1H
You seem to want to conduct a technical analysis of the AVAX/USDT trading pair. Here's an interpretation based on the information you provided:
Critical Resistance Zone: You've identified a significant resistance zone between 39 USDT and 39.7 USDT. This suggests that the price is struggling to break above this range, indicating potential selling pressure in this zone.
Sell Position: You propose taking a sell position in this zone, indicating an anticipation of a potential price decline from the identified resistance.
Risk-Reward Ratio (RR): You mention a risk-reward ratio of 1:4. This implies that your profit target is four times larger than your stop loss level—a common approach for better risk management.
Stop Loss and Gain Levels: You suggest placing the stop loss at 40 USDT, slightly above the resistance zone, and setting the gain at 35.8 USDT, based on supply and demand zones.
Supply and Demand Analysis: Your approach is grounded in the theory of supply and demand, considering areas where supply and demand are likely to interact.
It's crucial to note that trading always involves risks, and market movements can be unpredictable. It's recommended to exercise caution and conduct thorough research before making trading decisions. Additionally, keep in mind that financial information is subject to rapid changes, and staying informed about real-time market developments is essential.
🏔️📈 AVAX - Support and Potential Entry Points! 🚀💰🔍 Current Situation:
Support Found: AVAX has identified local support at $34.74.
Price Movement: The price is gradually advancing toward $42.30.
🚨 Contingency Plan:
Next Major Support: If the current level is lost, the next substantial support lies at $28.
📊 Trading Strategy:
Laddering In: It's considered safe to ladder into positions as long as AVAX maintains and constructs structure at $35.27.
📢 Note: Always stay vigilant about market conditions and adjust your strategies accordingly.
Keep an eye on broader trends and potential scenarios. 🏔️📈 #AVAX #CryptoTrading #SupportEntry 🚀💰
AVAX WEEKLYBullish on AVAX/USDT / Weekly Chart.
.....................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
Chart Pattern Analysis Of AVAX
K3 verified a bullish hammer candle K1 under increased volume,
And then, K4 and K5 had a decreased supply volume.
So, a potential uptrend is possibly on the way.
I had bought some tokens at K5.
If K6 break up K5, it still worth to buy in.
Stop loss set at the lower price of K5.
There are many tokes still at the bottom of the previous bear market,
I had bought some of them, and will try to hold them for a long time.
AVAX → Avalanche Pullback Complete? Long to $50 or Higher!AVAX ran three pushes up in a bull channel just shy of the 2022 Resistance area topping out at $50. That was followed by a pullback and a strong bull signal. Is it time to long?
How do we trade this? 🤔
A long entry is close to being justified! Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $50 (psychological number because it's even) just below the 2022 resistance price of $53.25, followed by three pushes down in a micro-bear channel, the final push of the bear channel ended in a strong bull signal bar, and we have a good bull bar close on the third after the signal bar.
What we need now is a strong bill close above the 30EMA. A desirable data point would be a re-test of the micro-bear channel resistance as support to add probability to our long. However, I do not believe this is required to justify a long entry.
I believe we need to be conservative longing at this stage in the crypto market, which is why I only advocate for a 1:1 scalp at a lower than maximum position size allowed for your trading strategy. I think Bitcoin and Ethereum have a larger pullback on the horizon, but do believe the market will come up a bit before it goes down.
💡 Trade Idea 💡
Long Entry: $34.90
🟥 Stop Loss: $23.90
✅ Take Profit: $45.90
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Three pushes up in a bull channel ending at 2022 Resistance.
2. Micro Bear Channel forms with three pushes down.
3. Strong bull signal buy bar on the third push.
4. Wait for a close above the Daily 30EMA to enter a long position.
5. RSI at 46.00 and above the Moving Average, supports long bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
AVAX Bullish Price Action!Long opportunity here on AVAX . Falling wedge which is a bullish pattern. Price has reclaimed the .786 & POC. Target is 14% away.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
AVAXUSDT Avax looking to breakoutMany cryptos breaking out of short term downtrends.
Keep your trades simple. Look for Avax to break the downtrend, wait for the retest to confirm.
Take profit at;
38.1878
40.745
42.971
Caution, if BTC has a small pull back look for atls to have a big move down invalidating the trend breakout.
Avalanche Lower High Confirmed | Marketwide Signal➖ This is a regular ABC correction: The top of wave b is lower than the start of wave a.
➖ In the irregular ABC correction, the top of wave b is higher than the start of wave a.
On the 15th of February, Avalanche (AVAXUSDT) produced a lower high compared to 24-December 2023. This is true for many, many Altcoins.
Some Altcoins though such as Binance Coin did not produce a lower high and instead are peaking just now —Feb. 2024.
Bitcoin, as the top Crypto, went on to produce a higher high in February but this higher high is simply wave b of an ABC correction, the irregular kind of type.
The market has been in a bearish phase for months. It isn't evident on all the charts for obvious reasons but, the majority of the Altcoins peaked in November-December 2023. Only a few peaked this year, 2024.
The bearish bias here confirms that a correction is coming to Bitcoin; because we are all one and the same. What one does, the rest follow.
Already shared we have:
➖ Polygon (MATICUSDT); ABC.
➖ Dogecoin (DOGEUSDT); ABC.
➖ Aptos (APTUSDT); ABC.
➖ Cardano (ADAUSDT); ABC.
➖ Solana (SOLUSDT); ABC.
➖ ETC.
Ethereum is the #1 Altcoin; The second Cryptocurrency by market-capitalization. Many people have their eyes on Bitcoin and Ethereum and thus the market bias won't be easily detected on these charts. Ethereum also continued moving rather than peak early on.
One caveat though, it is still moving but also because it lagged behind in 2023.
Bottom line is this: The Cryptocurrency market is already bearish, technically speaking.
I am sharing this information with my dear supporters in mind, so that you can go ahead and prepare (take profits).
The market moves in waves... After strong bullish action, a correction takes place.
I will share more Altcoins to reinforce my point.
You can visit the related ideas below for more.
Namaste.
Buy Signal for AVAXUSDTAnalysis:
RSI Bullish Divergence (Yellow): The Relative Strength Index (RSI) is showing a bullish divergence, indicating potential upward momentum.
MACD Bullish Divergence (Light Blue): The Moving Average Convergence Divergence (MACD) is also displaying a bullish divergence, supporting the bullish bias.
Price Approaching Point of Control (POC): The price is nearing the Point of Control (POC), suggesting potential support or a reversal point.
Volume Profile Analysis: Zones with higher volumes in the volume profile have been identified as TP1, TP2, and TP3.
Trade Plan:
Entry: Consider entering a long position as the price approaches the POC or at current levels, given the bullish divergences observed in the RSI and MACD.
Take Profit:
TP1: Set the first take-profit level at the zone of higher volume identified in the volume profile.
TP2: Place the second take-profit level at the next zone of higher volume in the volume profile.
TP3: Target the third take-profit level at the subsequent zone of higher volume.
Stop Loss: Set a stop-loss order below the recent swing low or a suitable support level to manage risk.
Risk Management: Ensure proper risk management by allocating an appropriate portion of your capital to this trade and adjusting position size accordingly.
Note: Always conduct thorough analysis and consider using additional technical indicators or confirmatory signals before executing any trades. Risk management is crucial to protect your capital in volatile markets.