Free Avalanche (AVAX) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
06 Feb / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Avalanche (AVAX) signal with technical analysis on 06 Feb

On 06 Feb, we conducted a comprehensive technical analysis of Avalanche (AVAX), considering 256 signals with intricate details. Here are the key findings: 8 signals suggested buy strategies, while 168 indicated sell strategies. The remaining 80 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 4
Sell Signals: 37
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 3
Sell Signals: 44
Neutral Signals: 17
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 1
Sell Signals: 42
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 0
Sell Signals: 45
Neutral Signals: 19
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 8
Sell Signals: 168
Neutral Signals: 80
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Avalanche (AVAX) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Avalanche (AVAX) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Avalanche (AVAX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Avalanche (AVAX) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 9.4% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Avalanche (AVAX)** holdings.

Avalanche (AVAX) Price Analysis and Support Levels:

In our current Avalanche (AVAX) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 23.943 We are closely monitoring the price at the first support level of 23.943, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 23.649 If the first support level at 23.943 is broken, the second support level at 23.649 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 22.38 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 22.38 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Avalanche (AVAX). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Avalanche (AVAX) technical analysis chart

Avalanche (AVAX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 27.378 29.795 30.68 30.785 32.948
Support 23.943 23.649 22.38 22.126 17.487
 Avalanche (AVAX) Support and Resistance area (06 Feb)

Avalanche (AVAX) signals list for 06 Feb

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Avalanche (AVAX) candlestick patterns on 06 Feb

Today's Avalanche (AVAX) Candle Patterns List:

Inverted Hammer

Avalanche (AVAX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Feb Hold HoldHoldHoldHold
2 04 Feb Hold HoldHoldHoldHold
3 03 Feb Hold HoldHoldHoldHold
4 02 Feb Hold HoldHoldHoldHold
5 01 Feb Sell SellHoldHoldHold
6 31 Jan Hold NeutralHoldHoldHold
7 30 Jan Hold HoldHoldHoldHold
8 29 Jan Hold HoldHoldHoldHold
9 28 Jan Hold HoldHoldHoldHold
10 27 Jan Hold HoldHoldHoldHold
11 26 Jan Sell SellHoldHoldHold
12 25 Jan Hold NeutralHoldHoldHold
13 24 Jan Hold HoldHoldHoldHold
14 23 Jan Sell HoldHoldSellHold
15 22 Jan Hold HoldHoldNeutralHold
16 21 Jan Hold HoldHoldHoldHold
17 20 Jan Hold HoldHoldHoldHold
18 19 Jan Sell SellSellSellSell
19 18 Jan Hold NeutralNeutralNeutralNeutral
20 17 Jan Buy HoldHoldBuyNeutral
21 16 Jan Hold HoldHoldNeutralNeutral
22 15 Jan Buy BuyNeutralNeutralNeutral
23 14 Jan Hold HoldHoldHoldHold
24 13 Jan Hold HoldHoldHoldHold
25 12 Jan Hold HoldHoldHoldHold
26 11 Jan Hold HoldHoldHoldNeutral
27 10 Jan Hold HoldHoldHoldHold
28 09 Jan Hold HoldHoldHoldHold
29 08 Jan Sell SellSellSellSell
30 05 Jan Hold HoldHoldHoldNeutral

Users forecasts for Avalanche (AVAX)

What is your prediction?

In this section, you can easily predict without user registration. See also other users predictions.

What is your prediction?

Avalanche (AVAX) predictions by visitors

Please fill in your email
Please fill in your Text
CAPTCHA Image
Please fill in your Captcha

Comments