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Avalanche

Avalanche (AVAX) Enters a Pre-Bull Run Accumulation Zone – perspGrayscale Investments announced the creation and launch of Grayscale Avalanche Trust along with 20 other crypto investment products, including Solana, Litecoin, Stellar, Zcash, Chainlink, etc. Hence, the positive market sentiments have lit up as the AVAX price makes a bullish move towards the interim resistance zone between $28.29 and $30 from the lows below $20. However, the price is believed to have entered a preparation period which could be followed by a massive upswing. The long-term price action suggests the price is heading towards the end of the accumulation phase. The token has undergone a similar consolidation that it displayed before the beginning of the 2021 bull run. Hence, a breakout from the current range could attract massive bullish attention, eventually triggering a fine rise, which may further transform into a bull run. However, the target remains slightly elevated, as the bulls do not appear to be well in position at the moment. The Bollinger bands have begun to converge but are not showing the possibility of an expansion, which indicates a breakout. Besides, the levels of the DMI are approaching each other for a bullish crossover, which may consume some more time. Therefore, the AVAX price may continue to maintain an ascending consolidation and surpass the interim resistance zone. However, after surpassing the average bands of the Bollinger and rising above 0.236, this may validate a surge above the bearish influence. Therefore, considering the Fibonacci levels, the new ATH could be above $154 in early 2025 if the Avalanche (AVAX) price breaks above the consolidation before the end of Q3 2024.
by paul_endeo
Is AVAX About to Make a Big Move? Here’s What You Need to Know!Yello, Paradisers! Are you ready for the next potential big move on #AVAXUSDT? Our latest analysis shows a significant shift in momentum that could send this asset soaring—or tumbling. Let's dive in! 💎#AVALANCHE has recently broken out of a descending resistance, signaling a possible upward trend. The key level to watch right now is the $19.82 support zone, where bullish momentum is building. If this support holds, we could see a strong bullish push towards the next resistance levels. 💎Should #AVAX maintain its upward momentum, we’re eyeing potential targets at resistance levels above. This could be the start of a significant rally, so keep a close watch on those price levels. 💎But we always prepare for all scenarios. If #AVAX fails to hold the $19.82 support and breaks below it, we might see a pullback to the lower bullish Order Block (OB) level. However, a drop below the $18.31 mark could trigger a bearish trend, potentially leading to a significant price decline. This is a critical moment for AVAXUSDT. The coming days could define its next major move, whether it's a surge towards new highs or a correction to lower levels. Remember, in trading, it's crucial to stay discipline. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
AVAX - finally going to make a big move??AVAX - finally going to make a big move?? This ones interesting 1. usually it moves out of phase a bit, after the other popular L1's from last cycle. so its good for rotation if one of the others moves hard first. 2. remember that lawyer vid from last cycle; these guys strike me as massive cheeseball scammy mofos ;; but then in crypto who isn't ?? I've decided to play JOE, and its my only AVAX chain play. Also the chart is not as clear cut as some of the other big ones; eth, btc, sol etc Looks like there is a chance we are bearish here... but im pretty confident this cycle is not done so early. but always remain vigilant and able to move like water. that is what will save your portfolio. \ gl
CRYPTO:AVAXUSDLong
by Crypto-Quantum-Fox
1
High risk tradeThis is a 4-hour chart analysis of the AVAX/USDT pair, highlighting key support and resistance levels. The market has experienced several fake breaks near the upper resistance. The area between $24.70 and $25.40 serves as a strong support zone, and a potential entry point for a buy position. Trade Breakdown: - Buy Entry 🟢: Support zone at $24.70 - $25.40 - Target 🎯: Resistance area at $32.55 - Stop Loss (SL) 🚫: - High Risk SL: Below $24.70 - Best SL: Below $22.00 This analysis suggests that traders could consider entering a long position around the support zone while setting appropriate stop-loss levels to manage risk.
Long
by ahmadarz
2
Is AVAXUSDT on the Verge of a Major Breakout? Yello, Paradisers! Is #AVAXUSDT about to break free from its downtrend? Let's dive into the analysis and find out! 💎#AVAXUSDT has been stuck in a downtrend for several days, repeatedly testing a descending trendline that acts as a strong resistance. Recently, it has been respecting its weekly support zone around $24.9-$22.8, where it took buy-side liquidity and reclaimed this support level. 💎If AVAXUSDT manages to break out from the descending trendline and retest it successfully, will have probability of a continuation towards minor resistance at $34.03. The price is anticipated to reach the major resistance zone around $39.91-$41.90. This is where a strong rejection is probable to happen. 💎If AVAXUSDT fails to break the trendline and closes below the daily support at $21.63, it will likely confirm a continuation of the downtrend. The next few days are crucial for AVAXUSDT. A breakout above the descending trendline could lead to significant upward movement, while failure to do so might push the price back into a downtrend. Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey. Trade smart and avoid the herd mentality. By mastering your willpower and sticking to a robust strategy, you'll already be ahead of most traders out there. Keep pushing, and you'll find yourself in the winner's circle . MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
10
Alikze »» AVAX | Head and shoulders pattern🔍 Technical analysis: Head and shoulders pattern - It is moving in a downward channel in weekly and daily time. - In the previous post , it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure. - According to the current corrective structure, a head and shoulders pattern is formed. - Also, due to the failure of the neck line, any return can be a pole back to the broken structure. - So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618. 💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:AVAXUSDT
Short
by alikze
AVAXUSDT Poised for a Major Move – Are You Ready?Yello Paradisers! Have you noticed the intriguing action in #AVAXUSDT? This is a moment you don't want to miss! 💎#AVAXUSDT has broken free from its longstanding descending channel, signaling a potential upward trajectory. After navigating within this channel for a considerable period, #AVALANCHE has successfully breached it. 💎The key resistance level at $29.14 has now turned into a crucial support. This support level is pivotal as it has been respected multiple times in the past. If #AVAXUSDT maintains its momentum above $29.14, there's a high probability of a sharp upward move. 💎However, if the price descends below the $29.14 support level, the scenario changes. In this case, the probability leans towards a bullish rebound from the lower, formidable support at $24.46. 💎While some inexperienced traders might be tempted to short at this point, it's essential to maintain a broader perspective and wait for proper price action. A break below the $29.14 support will likely trigger a significant downward move, causing the price to drop further. Remember, disciplined and strategic trading is the key to long-term success. Stay focused, patient, and make informed decisions. Let's navigate this market wisely, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
Avalanche AVAX price is on the verge of a strong movementThe trading volume of #AVAXUSDT has firmly established itself in the top 10. So is Avalanche token being actively sold or bought now? We will have all the answers soon, but for now, here are two scenarios for the CRYPTOCAP:AVAX price movement: 🔴 red - $35 - $45 - ($18.7-23.7) 🔵 blue - $32 - $55 - $43 - $110 So which pill 💊 will you choose 🔴🤷🔵 ? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
6
AVAX: Scouting The Best Entry After More PAINAVAX has been trading inside this bearish channel for several years at this point. It's very plausible that AVAX will break through the top resistance if BTC keeps going up, hence the reason that this is not a short-signal, but rather a "buy from here if we go down again" - signal. IF AVAX starts losing value again, I'm keeping an eye at the bottom support of the channel to make a long-term bullish entry. Remains to be seen whether this support will ever be hit again, but better to be prepared in case it does!
Long
by FieryTrading
14
Why Avalanche Might Not Hit Its All-Time High During The Next BuI saw a couple of posts lately on social media that predicted 200, 300, or even 500 as a price target for during the next bull run. This surprised me. I don't think that AVAX will get even close to those numbers. To make this very clear, my assumption has nothing to do with the project in general or Avalanche's technology. On the contrary, I am a big fan of Avalanche and think it will be one of the few projects that will exist ten years from now. I think AVAX won't hit its previous ATH during the next bull run for a simple reason: Circulating Supply! AVAX marked its ATH in November 2021, when the price peaked at ~145 USD. Based on the circulating supply at that time (~230m), the asset had a market cap of ~33b. Since 2021, the circulating supply of AVAX has constantly increased. Moreover, it will continue to increase until it reaches its total supply 443m. Currently, AVAX has a circulating supply of almost 400m. As a result, to reach the ATH price again, AVAX requires a market cap of 58b. That's almost twice the size of its previous ATH market cap. Although it isn't completely unrealistic, I consider it unlikely that Avalanche will double its market cap compared to the last bull run. But even if I am wrong with this assumption, the numbers show how unlikely prices of 200, 300, or even 500 are. Just to do the math: A token price of $500 would lead to a market cap of 200b. Nevertheless, I still think AVAX has a bright feature and solid potential during the next bull run. At the same time, I consider it essential to have realistic targets.
by ben_walther
AVAXUSD Bottom formation in process. Target $105.007 months ago we published the following analysis (December 14 2023, see chart below), expecting Avalanche (AVAXUSD), to correct back to the 1.0 Fibonacci level after a potential $55.00 hit: As you can see the price action didn't fail to deliver our projection, in fact it followed very tightly the February - July 2021 pre-rally pattern of the previous Bull Cycle. Right now it has found Support on the 1W MA100 (green trend-line), while the 1W RSI is on the exact Support level it was on the June 21 2021 bottom. Even though a marginal decline is possible to satisfy the past condition of slightly breaking below the 0.5 Fib, the current levels are good enough to buy again for the long-term. As in November 2021, our Target is again the 1.236 Fibonacci extension, which is currently just above the $105.00 Resistance. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
1
Avalanche (AVAX) Rises: Can It Break Thru $30?Avalanche (AVAX), a prominent smart contracts platform, is currently experiencing a surge in price. As of July 1, 2024, AVAX is trading confidently above the $28.65 resistance level, hinting at a potential breakout. This article delves into the recent AVAX price rally, explores the technical analysis behind it, and examines whether AVAX can conquer the critical $30 resistance zone. A Bullish Breeze for AVAX The ongoing AVAX price rally offers a sigh of relief for investors after a period of price stability. The current movement signifies positive momentum, with AVAX climbing steadily from its $27.40 support level. This upward trend is further bolstered by the fact that AVAX is currently trading above both the $28.65 resistance level and the 100-hourly simple moving average (SMA). Technical Indicators Paint a Breakout Picture Technical analysis is a valuable tool for understanding price movements and predicting future trends. In the case of AVAX, a crucial technical indicator is the recent break above the declining channel with resistance at $28.40 on the hourly chart. This breakout suggests a shift in momentum, potentially paving the way for a further price increase. The $30 Hurdle: A Crucial Test While the current trend is undoubtedly positive, a significant hurdle awaits AVAX at the $30 resistance zone. A decisive break above $30 would be a strong bullish signal, indicating continued upward momentum. If achieved, this breakout could lead to further price appreciation, with potential targets around $32.50 or even $34.00. Support Levels: A Safety Net It's crucial to remember that the cryptocurrency market is inherently volatile. Even in a bullish scenario, there's always the possibility of price corrections. For AVAX, the $29.35 and $28.65 levels act as critical support zones. If the price fails to surpass $30, these support levels can prevent a significant decline. Additionally, the 50% Fibonacci retracement level of the upward move from $27.37 to $29.95 provides another layer of support around $28.65. A drop below $28.65 could lead to a slide towards the $28.00 level and the 100 SMA (4 hours). The $27.40 zone would be the next important support to watch in case of a deeper correction. MACD and RSI: Bullish Whispers Beyond price action, other technical indicators offer valuable insights. The Moving Average Convergence Divergence (MACD) indicator for AVAX/USD is currently climbing in positive territory. This suggests increasing bullish momentum. Additionally, the Hourly Relative Strength Index (RSI) is hovering above 50, indicating that the market is neither overbought nor oversold. This neutral RSI reading implies that there's still room for the price to rise before a potential correction. Looking Ahead: A Promising Future for AVAX The current price rally for AVAX is a positive development, with technical indicators suggesting a potential breakout above the $30 resistance level. If achieved, this breakout could lead to further gains. However, investors should exercise caution and be aware of the crucial support zones at $29.35 and $28.65. Monitoring the MACD and RSI indicators can also provide valuable insights into the ongoing price trend. Overall, the outlook for AVAX appears promising, and a break above $30 would be a significant bullish signal for the cryptocurrency. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
Long
by bryandowningqln