Avax is about to launch Briefly:
Avax accumulation is completed and highly possible to breaks the triangle upward and make a new ATH!
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God bless Avax
Avalanche
AVAX - Still correctingAVAX is currently one of my favorite new chains to use. Now that we can pretty much do all of our trades and transactions exclusively on C-Chain, it basically just makes it a much faster and cheaper version of ethereum.
Avalanche Rush has kicked off and Curve and Aave should be active now on Avalanche. Lots of rewards will be on the way to incentivize users on various platforms.
All that is definitely fundamentally strong news, but the chart looks like all of that may have already been priced in and in the short term, it looks like AVAX will continue to correct, at least vs BTC.
Price is currently on the 0.382 of the last wave up and is not showing any reversal strength just yet. If price doesn't hold here, the 0.5 fib looks like a good place for AVAX to bottom and then continue the longer term upward trend.
#AVAX looks ready#AVAX is supported in the $ 50 range and has good dynamic and static support. #AVAXUSDT could rise to $ 70 and $ 80 in the coming days
Avalanche analysis, will AVAX continue the bull run ?* AVAX is still in uptrend respecting the below major trend-line as support and the above descending trend-line is working as resistance for the price.
* Every time the price get's rejected from the above resistance it gains support around $58-$57
* If the price breaks the above resistance we can expect a bullish move till $79.5
Avalanche (AVAX) Looking InterestingAvalanche has been in a downtrend now currently oversold on the daily coming off of recently new all time highs. AVAX looks like its been cooling off. Its about to test the low end of this ascending channel. We'll see if this channel holds. Currently trading under point of control. AVAX is still going to be a strong cryptocurrency this cycle. The Avalanche ecosystem is greatly expanding fast. Keep a look out for AVAX, may be priming to set up for another new all time high if it holds this ascending channel. Cheers!
Local Support Zone: $57.30 - $59.90
Point of Control: $63.75
AVAX UPDATE : REVERSAL ZONEI posted previously regarding my current long position but the chart image was bad. Here is a better look at the play I’m in. Loading inside the reversal zones and looking for an exit at 73.
Good luck
mrnicegvy
Avalanche (AVAX) is about to brake out!!!Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.
According to my view It can be depicted cup & Handle pattern, now it's performing handle, If it can be break out upward my first technical target is $ 170 and then it will hit $ 225.
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
AVAX IN REVERSAL ZONEHey all -
I’m Long at 60
Looking for 73 exit
Saving buying power for dips into the reversal zone shown above
Good luck
- mrnicegvy
🔥 AVAX Bearish Wedge Break Out: Reversal Soon?Around two weeks ago I made an analysis on AVAX. In this analysis I argued that we were trading in a bearish wedge and that a bearish move was in the cards.
In the end, we broke out on the downside, and are currently seeing some bearish pressure. With BTC going parabolic, I don't think we're done yet. My main reversal area is the area between $55 and $47.5, based at recent points of inflection.
Main target for the incoming reversal is placed at $75.
Happy trading!
ROUTE/USDT 1h (KuCoin) Falling wedge near breakoutrouterprotocol.com looks bullish on Low TF and ready for short-term recovery!
Risk/Reward= 1:1.5 | 1:3 | 1:4.85
Expected Profit= +7.27% | +14.52% | +23.53%
Possible Loss= -4.85%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 1 week
Current Price:
3.2209
Entry Zone:
3.1812 - 3.1232
Take-Profit Targets:
1) 3.3813
2) 3.6099
3) 3.8938
Stop Targets:
1) 2.9994
AVAX is in the double combo waveBINANCE:AVAXUSDT completed two the correction waves ABC at 73.5
We can see wave Y is progressing with the complete wave A and retracing wave B at around 68.
In double combo wave: wave X = wave Y
So we have a target wave Y at 50.
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Chart 1H
AVAX/USDT ChartToday the traditional market is declining, the S&P looks bad, and crypto market only had a small decrease compared to others. AVAX shows support at 62$ and I don't see a price decline on AVAX since other NFT's projects had big pumps in the last few days (e.g. SOL, ETH. XTZ). However I don't see us break the 75$ resistance yet , so my projection is a long to 71$. Comment your thoughts, like and follow.
Avalanche Crash to $35-40 inevitable?Ignore the scale, as I simply dragged the respective price trends of Bitcoin and Avalanche into an empty field of the chart for a better visual representation.
For Bitcoin, this is the distribution pattern from February to mid-May this year. To the right of that, we see the price history of the AVAX token from September to today. The Bitcoin price trend here only serves to illustrate the consequence of a collapsing uptrend.
As can be clearly seen, the strength of the uptrend is steadily decreasing over time. This can be seen from the fact that the intervals between the new high and the previous high are getting smaller and smaller.
This can be explained by the fact that it is becoming increasingly difficult to find enough new aggressive buyers who can maintain the previous pace of the uptrend.
The upward movement is about to collapse. The latest warning signal of this is in a lower high, after an already noticeably sharp countermovement formed in the wake of the previous high. This movement is also known as the Dead Cat Bounce.
Should Avalanche see a relatively similar correction to the one seen in Bitcoin back in the day, a return to $35-40 would be the favored scenario here.
my son analyses AVAXWednesday i was analyzing avax and my son (Arvid 10 years old) was watching my act. then he bring his notebook and drawing a chart with candles . after 5 min returns to me and show me his idea about avax . it is here for future
AVAXUSDT 1DHi everyone
Possible routes of price movement AVAX
AVAX has broken channel support
In addition, the price of Bitcoin looks weak and increases the validity of the downtrend scenario
Therefore, with the price below $ 65, support at $ 61.1 will follow, and then the $ 55.36 demand barrier will be tested again
If support at 55.36 fails, we can expect further price reductions
On the other hand, if the price can jump above the $ 65 support level and re-enter the channel, we can ensure that buyers return to the market
With the formation of a higher ceiling above the level of $ 79.68, the new uptrend will resume
How do you think the price will move?
Thankful
have a nice day
AVAX Bullish Momentum Continues - Approaching $76Hello Traders!
Avalanche is also the part of current bullish momentum of the Crypto market. Currently trading around $70 which is just above the recent strong support zone. More likely it is up right from here as the price is continuously getting long wicks rejection and showing intention of the traders.
So I believe we should stay in buy and find AVAX long traders a earliest to cash this move. To me, we should buy it between $70 and $69.
Good luck.
Happy trading!
flag pattern scenariothe main slide could start at $84. It could lose the uptrend first, next pullback to it, and continue to slide in the triangle pattern to prepare for $195.
🆓Avalanche (AVAX) Oct-2 #AVAX $AVAXAVAX has just broken the 70$ zone and is heading to 80$ and 100$ zones this October. But if it loses this 70$ zone, it will have a correction to 60$ zone before rising strongly in this October
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 70$ zone
🔴Buy : 70
🔴Sell : 80 - 100
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 70$ zone
🔵Sell : 70
🔵Buy : 60
❓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
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
$AVAX$AVAX is looking promising! If we use the past as our reference we see $AVAX started off breaking out of what could have been a cup and handle, then a consolidation period right back into another cup and handle and we are at the breakout point now. If the market changes direction the project will easily double from here and continue in my belief to about $300+/-.
Remember investing involves doing your own research. Never invest blindly. THIS IS NOT FINANCIAL ADVICE!
