Avalanche
The key is whether it can rise after forming a short-term bottom
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(AVAXUSDT.P 1D chart)
An arrow appears for the BW (0) indicator.
Accordingly, it can be interpreted that the possibility of forming a bottom section has increased.
Looking at the previous past movements, we can see that there is a possibility of an additional downtrend.
Therefore, the key point is whether there is support around 19.527-21.409.
When the BW (0) line is formed, the point to watch is whether it can receive support around that area and rise above 27287-29.277.
If you look at the big picture, you can see how important the current section is.
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Have a good time.
Thank you.
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- Big picture
The real uptrend is expected to start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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$AVAXUSDT: Bullish Breakout Ahead!CRYPTOCAP:AVAX has broken out of a long-term downtrend channel and is now forming a symmetrical triangle. With exciting news like the Avalanche CRYPTOCAP:AVAX Visa Card launch for crypto payments, we’re expecting a breakout from this triangle that could lead to a significant upward move. Overall, the outlook is bullish—let's see where it goes!
BINANCE:AVAXUSDT Currently trading at $27.6
Buy level: Above $27.5
Stop loss: Below $23.5
TP1: $30
TP2: $35
TP3: $40
TP4: $50
TP5: $65
Max Leverage 3x
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Just before turning into an uptrend
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(AVAXUSDT 1M chart)
The key is whether the price can be maintained above 21.39 and rise.
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(1W chart)
The key is whether it can be supported above 27.29, in the box area of the HA-High indicator (29.24-54.14), and rise above 45.36.
If the price stays above the M-Signal indicator on the 1M chart, there is a possibility that it will turn into an uptrend.
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(1D chart)
The key is whether it can rise after receiving support around 27.29-28.64.
However, since the StochRSI indicator has entered the overbought zone, we need to look at where it will receive support when it falls from the overbought zone.
If it falls below 27.29,
1st: 24.8
2nd: 21.39
We need to check whether there is support around the 1st and 2nd above.
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AVAX is just now showing a movement to turn into an uptrend.
Accordingly, the 28.64-31.75 zone can be considered a buy zone.
If you bought in the 28.64-31.75 range, the BW (100) line is the time for a split sell.
If the price rises a little more, the BW (100) line is likely to be created, so the first split trading point may be close.
If the price stays above the BW (100) line or the HA-HIgh indicator, a stepwise uptrend is likely to begin.
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Have a good time.
Thank you.
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- Big picture
A full-scale uptrend is expected to begin when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Long AVAXTraders,
Though the indicator is weak having not received full confirmation at the time of this post, I have chosen to go long AVAX once again. AVAX is one of my favorite alts and from the chart we can see that we have several good support underneath us.
First, there is that ascending trendline. Secondly, we have that VRVP PoC. And the third indicator is not seen on this chart. We have many coins flipping green today. Visit my weekly update for more on what I am seeing on a macro scale. I posted this update yesterday.
Again traders, keep in mind I am earlier in entry than I normally feel comfortable with on this trade. I really would like to see a strong cross of the MA on the RSI chart. Thus, entry risk is a bit higher. Trade accordingly.
AVAXUSDT | We might only see a breakout toward 2025In the short term, I am expecting AVAX to push up as it found support at the bottom of the rising channel it currently finds it self in. Looking at the RSI we can see that AVAX is about to breakout at the top of the range and could push the price up to 43.35 towards year-end however I am only seeing AVAX breaking out of the bigger triangle in 2025
#AVAXUSDT #4h (Bybit) Ascending channel breakdownAvalanche lost 50MA acting as resistance now, seems to be heading towards 200MA support.
⚡️⚡️ #AVAX/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (7.0X)
Amount: 4.9%
Current Price:
28.095
Entry Targets:
1) 28.435
Take-Profit Targets:
1) 25.140
Stop Targets:
1) 30.085
Published By: @Zblaba
CRYPTOCAP:AVAX BYBIT:AVAXUSDT.P #Avalanche #Web3 avax.network
Risk/Reward= 1:2.0
Expected Profit= +81.1%
Possible Loss= -40.6%
Estimated Gaintime= 1 week
NOCHILL v2 or The Chill is over [MEMECOIN on AVAX]God it's been a while since I've posted here for the last time.
Real life is real. Inner work needs some time (the whole lifespan to be fair).
But you're here probably not to read some stories and the life lessons (If you are - tell me though), so!
Bought several Memecoins on AVAX on 1st Jan and forgot. Forgot so much that missed my 100x.
Well, anyways. It's on the breakout now after falling down and i think we might go at least to TP1 and all the way to 0,5 Fib (If it will go higher, I'll update).
On top of that, the volume seems to break out too:
Not the fin advice, just my thoughts.
Ngl wanted to post this thread when it was around .0044 but still wasn't sure. Now it seems more then real that we're gonna see the next leap.
Thanx!
A_Vision
CRYPTO: How it works and how it is explained for beginners.Here is a detailed explanation of the key concepts related to cryptocurrencies:
Cryptocurrency
Cryptocurrencies are decentralized digital currencies that use cryptography to secure transactions. Unlike traditional currencies, they are not issued by a central authority such as a bank.
The main characteristics of cryptocurrencies are:
-They exist only in electronic form
-Transactions are made directly between users (peer-to-peer)
-They use blockchain technology to record transactions
-Their value fluctuates according to supply and demand
Blockchain
Blockchain is the underlying technology that allows cryptocurrencies to function.
Its main features are:
-It is a distributed and decentralized ledger that records all transactions
-Each transaction forms a "block" that is added to the existing chain
-The data is encrypted and impossible to modify once recorded
-It works without a central authority thanks to a network of computers
The halving
The halving is a scheduled event that concerns certain cryptocurrencies such as Bitcoin.
Its main characteristics are:
- It halves the reward given to miners for creating new blocks
- It usually occurs approximately every 4 years (every 210,000 blocks for Bitcoin)
- Its purpose is to control inflation by gradually reducing the issuance of new units
- It can have an impact on the price of the cryptocurrency by reducing the supply
_____________________________________________________________
The different types of coins
There are several categories of cryptocurrencies:
Bitcoin: The first and best known cryptocurrency
Altcoins: All cryptocurrencies other than Bitcoin (e.g. Ethereum, Litecoin)
Tokens: Tokens created on existing blockchains, often linked to specific projects
Stablecoins: Cryptocurrencies whose value is indexed to a fiat currency or a stable asset
Memecoins: a cryptocurrency that comes from an Internet meme or that has a humorous, ironic characteristic, a joke as its origin.
Each type of coin has its own characteristics and uses, but all rely on blockchain technology to operate in a decentralized manner. 10 minutes ago
Comment
Here is a list of the top altcoins, memecoins, and stablecoins to know in 2024:
Major Altcoins:
-Ethereum (ETH)
-Cardano (ADA)
-Solana (SOL)
-Polkadot (DOT)
-Ripple (XRP)
-Litecoin (LTC)
-Chainlink (LINK)
-Polygon (MATIC)
-Avalanche (AVAX)
-Tron (TRX)
Popular Memecoins:
-Dogecoin (DOGE)
-Shiba Inu (SHIB)
-Pepe (PEPE)
-Bonk (BONK)
-Book of Meme (BOME)
Top Stablecoins:
-Tether (USDT)
-USD Coin (USDC)
-Frax (FRAX)
-Dai (DAI)
-TrueUSD (TUSD)
-First Digital USD (FDUSD)
-Decentralized USD (USDD)
Altcoins are alternative cryptocurrencies to Bitcoin, often offering specific features or use cases.
Memecoins are cryptocurrencies that were initially created as jokes but have sometimes gained popularity.
Stablecoins are cryptocurrencies designed to maintain a stable value, usually pegged to a fiat currency like the US dollar.
Each category has its own characteristics:
-Major altcoins often aim to solve specific problems or provide platforms for the development of decentralized applications.
-Memecoins are generally driven by their community and can experience high volatility.
-Stablecoins seek to offer the stability of traditional currencies while retaining the benefits of cryptocurrencies.
It is important to note that the cryptocurrency market is very dynamic and the popularity and value of these tokens can fluctuate rapidly
AVAXUSD Bottom formed & going for the ultimate bullish breakout.Avalanche (AVAXUSD) has just touched this week the top of the 6-month Channel Down. In cyclical terms, this is just a big Bull Flag half-way through the Bull Cycle, similar to those of the previous one, in August - November 2020 and March - June 2021.
The Cycle's 2nd bottom is in being doubt as the RSI held and rebounded on the 40.00 Symmetrical Support, which held and kick started the post June 2021 bottom rally. The only confirmation left to give us is to break above the 1W MA50 (blue trend-line) for the first time since late July.
As you can see both of 2020 - 2021 Bull Flags rebounded aggressively reaching the 2.0 Fibonacci extension. As a result once the 1W MA50 breaks, we expect a similar rally on AVAX, whether more aggressive like 2020 or marginally less like 2021, but our Target is at $250.00 (Fib 2.0 and above the All Time High).
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Avalanche: Knock, Knock...AVAX was able to gain further ground within our turquoise Zone (between $17.48 and $29.30) and is currently trying to break through the resistance at $28. As soon as the coin manages to establish itself above this level, this should provide further upward momentum. We then expect the remaining sub-waves of the blue wave (iii) to produce a decisive increase. Consequently, long positions can still be opened within our Zone, with stops placed around 1% below its lower edge or at the support level of $17.44. Should the price slip below the $17.44 level (33% likely), we will still have to locate it in the turquoise-colored wave alt.2.
AVAX : Potential Reversal in MACRO TFA 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 conditions met - the higher lows. This does not mean the price cannot retrace towards the trendline. However, as soon as the trendline is lost, the higher lows is invalidated and the price remains BEARISH.
A fall UNDER the trendline would likely lead to a revisit of a wick at $17.
While you're here👀 Make sure you check out yesterday's post on 3 Alt that are bearish right now:
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BINANCE:AVAXUSDT.P
AVAX🔍 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 peak, signaling a possible moment to reduce exposure or take profits.
• September 12, 2024, 9:00 AM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating AVAX or entering long positions.
• September 19, 2024, 5:00 PM, September 25, 2024, 6:00 PM - Red Lines: These are additional times marking potential local peaks, suggesting moments to consider exiting positions before a downturn.
When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
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.
Avalanche: Recovery!AVAX recovered last week and rallied within our turquoise Target Zone (between $17.48 and $29.30). We now expect the price to be carried out of the Zone by the turquoise wave 3 and above the resistance at $41.78. However, we still have to keep our alternative scenario (40% likely) in mind. This option calls for a lower low of the turquoise wave alt.2 below the range.
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🌴
Are we going to see lower low?I entered a long position as I mentioned in the last idea on $AVAXUSDT. What BINANCE:AVAXUSDT doing is most likely to go down to the 19.5 area first, because there is no big impulse and CRYPTOCAP:BTC.D is not giving a chance to alt-coins. The yellow line is very crucial which is holding the last lowest point since the last higher high. But if the yellow line breaks in the 4H and 1D timeframe we are likely to see the 15.5-14.5 range before the big impulse.
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
Avalanche ( AVAX ) to 104?19-21 range is very crucial support zone in a weekly timeframe, if it ever to hit 19 I would consider long position either futures or spot. As you can see 92-104 range is gonna be our first take profit point which is fibonacci 0.618 level and we all know how important that is. If BINANCE:AVAXUSDT ever close a candle above 105 in a weekly timeframe is gonna be huge confirmation to continuously go up maybe even break all time high, so time will tell.