A downtrend, or bearish trend is characterized by a few things including making lower lows and lower highs. This is evidently seen when pulling up the macro timeframe and applying trendlines towards major bounce zones or wicks. Similarly, an uptrend is characterized by the price making higher lows, and higher highs. Currently, we are only seeing ONE of these...
Market Context: AVAX is still in a downtrend but has retraced over 60% from its previous high and is trading in a strong conviction zone. The price is setting higher lows and has reclaimed the 21-day EMA, signaling buyer strength. Trade Setup: Entry: Long spot position around $23. Take Profit: First target: $29 - $32 Second target: $40 - $44 Stop Loss: Daily...
#AVAX The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards We have a bounce from a major support area at the lower line of the channel at a price of 23 We have a downtrend on the RSI indicator which supports the rise We have a trend to stabilize above the moving average 100 Entry...
🔍 Technical analysis: Ascending corner pattern - It has had a zigzag correction to the green box area on the 1D daily time frame after exiting the bullish channel. - In the last analysis presented, after reaching the range of $60, a correction was encountered. In the presented details, two PRZ ranges had short-term fluctuations, which were investigated. -...
Price is touched by Custom FVG zone, But you have to act smartly because every deal is not easy to get and most of the time a trap is prepared for you so that your pocket is empty before entering the main process and only regret is left in your heart.
BTC falling beneath the 100 auto fib retracement. Other cryptocurrency also beneath the red layer of the auto fib retracement include; AVAX, BADGER, CELO, COIN, CURVE, DASH, EGLD, HFT, KSM, MINA, RAD, SUSHI...and ICP is in the red unlike the other top traded cryptocurrency remaining in green, neutral or blue areas of the auto fib retracement. Others below the...
gm,,, avax came up in a large 5 wave move from the 2023 lows. 5 waves up is generally the beginning of something,,, so we're going to label that whole structure as wave (1). we then begun to correct in a large 3 wave move,,, i've labeled that particular structure an expanded flat. back in august, we seemingly have completed the expanded flat,,, which i've went...
Overview: Today marks a mini anniversary—exactly one month since the 15% COINBASE:BTCUSD BTC crash on August 5th, which concluded a 7-day bearish correction. This correction was the third wave in a 28-day cycle. Why does this matter? BTC tends to follow relatively short cycles and typically doesn’t take longer than a month to make a decisive move in either...
🔍 Technical analysis: Suspicious of the reverse head and shoulders pattern - In the analysis presented in the previous post, the target exactly touched the bottom of the channel, which then met demand and caused a 110% growth. - Considering that the recent corrective wave had a correction of 0.23 fibo of the previous wave, so we should expect an upward...
🔍 Technical analysis: Completing the corrective leg C - In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle. - Currently, it is channelized, moving in the downward channel in the daily time frame. - According to the current correction structure,...
🔍 Technical analysis: Ready for a pullback from the liquidity zone to the broken structure - According to the analysis of the previous post , TIA currency is moving in a downward channel. - As can be seen, lower floors and ceilings are forming, which further reinforces the bearish view. - Currently, in the 1D time frame, it is in the liquidity zone, which...
🔍 Technical analysis: Daily FVG gap - According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area. - Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed. - But in the 8H time frame, it is moving in a descending channel. Demand has...
From where we put the red arrow on the chart, it seems that AVAX has entered the correction phase. We now seem to be in the F wave. The price can drop down soon. If the g wave is normal, it can end on Entry 1. But if the g-wave is extended, the g-wave can continue up to the Entry 2 range. Risk-averse people can wait for Entry 2, and risk-taking people can...
Avalanche (AVAX) Analysis Avalanche (AVAX) has been gradually recovering after a significant drop that saw the price decline from the $31.89 level down to a low of $17.29. Recently, AVAX has been trading on a support zone (Yellow) at $20.69 - $23.04, indicating some consolidation as it attempts to regain bullish momentum. Currently, AVAX is hovering around the...
🔍 AVAX/USDT Analysis: 4-Hour Timeframe 📉 The AVAX/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • September 8, 2024, 9:00 AM - Red Line: This time marks a potential local...
Yello Paradisers! Are we on the verge of a significant breakout, or could a sharp reversal be just around the corner? Let’s dive into the #AVAXUSDT analysis. 💎#AVAXUSDT has been riding an uptrend over the past few days, finding solid footing on an ascending support line. This support has been tested multiple times, and each time, AVAX has rebounded, signaling...
AVAX on the weekly chart is setting up a good risk reward trade set up. This is a weekly chart so it will take some time to play out. We have modified MACD about to cross the zero line. MarketCipher momentum wave turning. Modified RSI is at the bottom turning. I will accumulate between $20-23 dollar range. Below 20 the structure breaks and that would be a stop...
Trading Setup: There is a Trading Signal to Sell in AVAXUSDT Avalanche (1h) Traders can open their Sell Trades NOW ⬇️ Sell now or sell on 23.85 ⭕️SL @ 24.46 🔵TP1 @ 21.87 🔵TP2 @ 21.00 🔵TP3 @ 19.65 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...