Avaxbtclong — Trading Ideas on TradingView

#AVAX/USDT #AVAX The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 18.22. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 19.12 First target: 19.55 Second target: 20.14 Third target: 20.74

AVAX Breakout: Resistance Shattered, Sharp Surge Ahead 🔹 AVAX against Bitcoin is at a critical point. The key resistance level at 0.00048 and the downtrend line on the AVAX chart are two crucial factors that need to break for AVAX to enter a bullish phase. Breaking these levels could signal the start of a sharp and powerful move against Bitcoin. 🚀 🔹 Scenario 1: If both 0.00048 resistance and the downtrend line are broken simultaneously, AVAX will likely experience less downside compared to Bitcoin and become a more resilient asset against market fluctuations. In this case, AVAX would be a safer bet during a market downturn. 🔹 Scenario 2: If the market continues its bullish trend, AVAX could outperform Bitcoin. A break of 0.00048 resistance may lead to a sharp upward move, providing excellent opportunities for entering buy positions. 🔹 Ultimately, keeping an eye on key support and resistance levels is essential. A confirmed break of 0.00048 resistance and the downtrend line would offer an ideal entry point for positions with high profit potential. 🗝️

#AVAX/USDT #AVAX The price is moving in a descending channel on the 1-hour frame and is about to break upwards We have a trend to stabilize above the moving average 100 We have a downtrend on the RSI indicator that supports the rise by breaking it upwards We have a major support area in green at a price of 17.00 Entry price 19.00 First target 21.22 Second target 23.16 Third target 25.66

AVAX/BTC - Avalanche: Falling Wedge ◳◱ On the $AVAX/ CRYPTOCAP:BTC chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.0008353 | 0.0009121 | 0.0010296 and support near 0.0007178 | 0.0006771 | 0.0005596. Entering trades at 0.0007576 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Avalanche ▣ Rank: 12 ▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0007576 ₿ ▣ 24HVol: 53.740 ₿ ▣ 24H Chng: -0.864% ▣ 7-Days Chng: -8.80% ▣ 1-Month Chng: 18.66% ▣ 3-Months Chng: 29.70% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0008353 | 0.0009121 | 0.0010296 ◢ Support: 0.0007178 | 0.0006771 | 0.0005596 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 3.20 ▣ Last 90D: 1.75 ▣ Last 1-Y: 1.67 ▣ Last 3-Y: 0.74 ◲◰ Volatility : ▣ Last 30D: 1.14 ▣ Last 90D: 0.96 ▣ Last 1-Y: 0.83 ▣ Last 3-Y: 1.16 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.88 - V. Bullish ▣ In-depth AVAXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -

AVAX/BTC - Avalanche: Failure Swing ◳◱ On the $AVAX/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.0003463 | 0.0003632 | 0.0004041 and support near 0.0003054 | 0.0002814 | 0.0002405. Entering trades at 0.0003526 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Avalanche ▣ Rank: 21 ▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0003526 ₿ ▣ 24HVol: 60.761 ₿ ▣ 24H Chng: 1.322% ▣ 7-Days Chng: 9.05% ▣ 1-Month Chng: 16.39% ▣ 3-Months Chng: -0.42% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0003463 | 0.0003632 | 0.0004041 ◢ Support: 0.0003054 | 0.0002814 | 0.0002405 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 4.42 ▣ Last 90D: 0.28 ▣ Last 1-Y: -0.18 ▣ Last 3-Y: 0.97 ◲◰ Volatility : ▣ Last 30D: 0.62 ▣ Last 90D: 0.53 ▣ Last 1-Y: 0.78 ▣ Last 3-Y: 1.33 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.22 - V. Bearish ▣ In-depth AVAXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -