AVAX, is the price climbing back up? Note:
Red squares/lines = resistance green squares/lines = support.
I am also using two pitchforks: The blue pitchfork; longer term pitchfork and is an inside pitchfork. The red pitchfork; the shorter term pitchfork, and is an original pitchfork.
What is happening with AVAX right now?
AVAX had gone down after a very big push. After two pushes downwards, we got a support area. Unfortunately, AVAX quickly got resistance. Now we have gotten support, with the same support area, the red pitchfork, and a RSI bullish divergence. AVAX is doing a more successful push this time. AVAX still needs to break through this current resistance area though. After that, there are more potential resistance areas that I have put on the chart with the help of previous support area and pitchfork lines. (See the chart as reference)
S/R LEVELS
Support: Around 88-80
Resistance:
Right now: Around 93-96
The one after that: Around 106 - 110
The next one after that: Around 114 - 118
The final one: Around 124 - 130
Disclaimer: I AM NOT A FINANCIAL ADVISOR! THIS IS FOR EDUCATIONAL AND ENTERTAINMENT PUPROSES. DO YOUR OWN RESEARCH! DON'T INVEST MORE THAN YOU ARE WILLING TO LOSE!
Thanks for reading!
Avalanche
AVAXUSD Buy SignalPattern: Channel Up on the 1D time-frame.
Signal: Buy as the price is A) holding the Higher Lows (bottom) trend-line of the Channel Up, B) holding the 1D MA100 (green trend-line) and C) holding the 6-month CCI Support Zone.
Target: $200 (just below the 1.5 Fibonacci extension and Higher High trend-line of the Channel Up).
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AVAX: It's looking bullishAVAX looks like bullish for few days. According to the candlestick pattern (Mr. Fuller's FAKEY), and considering the price's failure to break down 78% retracement, chances of price soaring to first and then second target are high.
I would long In case of breakout of entry point.
₿ AVAXUSDT 1D ₿ : 06.DEC.2021 : $AVAXAppealing price ranges for long-term investment and HODL in #AVAXUSDT : 77$ - 93$
Important support and resistance ranges are marked on the chart and everything is clear ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
🔥 AVAX Bullish Channel: Reversal AreaA while ago I made an analysis on AVAX and the bullish channel it was trading in.
As of the last two days, the conditions for a reversal have been met. The price is trading on the channel's support, combined with a relatively bullish BTC and SP500 this could lead to a strong reversal in the near future.
Wait for a big green candle to confirm the reversal. Risk-loving investors might consider entering now.
Targets set at the recent local low and ATH.
Happy trading!
🆓Avalanche (AVAX) Dec-6 #AVAX $AVAX
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📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 70$ zone
🔴Buy : 80 - 70
🔴Sell : 100 - 130
📈BLUE PLAN
♻️Condition : If 1-Day closes BELOW 70$ zone
🔵Sell : 70
🔵Buy : 60 - 52
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Avalanche Next cycle forecastHere is Avalanche a very good project and as we can see it has traded very technically so far reached target zones. At the moment is trading within demand area and if the low hold or consolidates we can start the new cycle that will potentially take us above 200.
This is only for educational purposes only.
AVAX bounce here?$avax #avalanche wouldn't be a bad idea to start scaling in here.
Strong Volume at the tag of 20 MA and Super Trend. Multiple touch points on this parabolic curve that offered as support. .382 fib level support.
Stop would be at 109.
DYOR and GL!
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
AVAX - 2021 Top PredictionTop of the Mornin'!
I don't think AVAX is meant to go way higher than it already is.
Had great momentum, but is now locked between a tight support and resistance channel. If it gains momentum and decides to bounce from support - 230$ is my top limit.
Otherwise support can fail.
Cheers!
AVAX - Off for a New Attempt to Break the $150 MarkAVAX on support. That's our chart saying.
Currently at 11th place and at a market-cap of $27,825,376,299
Please read our previous posts below for more info on the fundamentals.
News:
Avalanche ecosystem accelerator raises $18.5M in seed funding
AVAX is one of the year’s top crypto performers, with the likes of Three Arrows Capital and Polychain Capital supporting the PoS chain.
Keep them coming AVAX,
the FXPROFESSOR
PS. We still prefer Enjin and Fantom at the moment (from the top-50) and some newer project like Hero (check our other TV posts on our profile page)
Solana (SOLUSD) or Avalanche (AVAXUSD) - which to choose?If I would be allowed only to choose between one of these two coins...
... just by looking on the daily chart without a view on the fundamentals.
AVAX has two chart-advantages IMO:
1. The price is above the OBV and not below a resistance
2. In case of a massive dump (whatever reason) the next volume support is closer to current price
But if you don´t have to choose between both... perfect 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
$90 is waiting for AVAXAfter a long-rally, a correction is indispensable to BINANCE:AVAXUSDT .
AVAX need to accumulate around $90 before it will be a missile.
AVAX has the strong support at $80 which is the previous ATH (the 3rd wave).
I think AVAX will pass and bounce over immediately the support at $80.
Let's wait and see