Avalanche
Avalanche [AVAX] Preparing for HUGE potential pumpHi everyone,
Looking at the Daily chart, we can see that AVAX is preparing itself for a nice breakout.
At this moment the relevant price action and volume look promising. I remain very bullish on this strong project!
Strong fundamentals:
> Apricot Phase-two implementation
> FAST-growing smart contracts platform
> Avalaunch (XAVA) launch
> Spore Finance integration
> 930+ validators
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AVAXBTC - 40% Upside & Critical Levels MappedThe patterns make the bullish case for themselves.
Our idea can only get invalidated if BTC Dominance closes above 50 or we face a big correction. Remember that the current levels, 57k, correspond to the top band of our parallel channel, therefore, it would not be surprising to see a more severe pullback. If BTC closes above 58k, re-evaluate your entry with the Dominance chart and BTC on-chain signals. If BTC falls to 56k, don't worry, there is an important support there and we would prefer to see some sideways action in that region for our favorite alt's to rally. However, if BTC closes below 55k, remember that there is a possibility for us to visit the 21W MA, which "could" correspond to a 45k. For the latest scenario, there aren't many on-chain signals to back it up.
This is not financial advice. Use risk management.
Scalping idea for AVAXBUSDIF AVAX breaks its current minor downtrend, it may have a chance for scalping.
AVAX - After the AvalancheA comparison study of AVAX and its relative performance to BTC through this year's rally and correction. Outperforming in both direction, AVAX demonstrates strong correlation to BTC movements, much stronger in the bullish phase and slightly weaker during the corrective phase. Will it outperform from here?
DEFI projects ahead of huge spikesIt seems that we are dealing with a similar movement on DEFI as at the turn of December-January-February.
The dominance of the DEFI starts to pick up after the bottom of the D1 chart is reached.
The MACD and RSI indicators look very bullish. Domination has cooled down nicely after reaching the last high and it looks like we are building a strong movement on DEFI projects.
An Avalanche of big pumps are coming! For Avalanche too!Nice consolidation above the key break out zone and the Fib Yearly Pivot for AVAXBTC. AVAXUSDT could easily hit that target and the consolidated again. Both not the prettiest charts out there, but relatively clean and strong. AVAXBTC looks like EGLDBTC but lagging. Pretty bullish!
AVAXUSDT - Avalanche --> Entry for 30% ProfitsHere's a trade I've been chasing since BTC shot back up. Had a good couple entries but got cold feet waiting for BTC dip. Have committed a bit harder here and AVAX now appears its testing for a breakout above recent high and 0.5 FIB, $30.3
Buy on the trend line if you see it bounce off of it, thus far its respected it so I will definitely buy more if it comes back to that level in the short term.
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Fundamentals
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Rank #41
Market Cap = $3,889,631,890
Decentralized identity authentication
Total Supply = 720,000,000
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What Is Avalanche (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
Trading idea for AVAXBUSDAVAX has potential for a new ATH in the long term. So a good entry point would be great for a decent profit. It may take some time to reach its ATH level, but worth it. Do not forget to take profits and do not forget to place stop loss order.
Avalanche [AVAX] Demand zone..Hi everyone,
Two days ago we saw AVAX testing and failing its support trend line. The break-out to the bottom side was confirmed when retesting the support trend line that acted as resistance. When looking at the price action, bearish signals were in play (shooting start & engulfing candles).
As highlighted in the chart there is a possibility to fall lower to the indicated demand zone. This zone has been tested several time and acts as a strong support.
As these corrections are normal market cycles, I am stull bullish on Avalanche in the long run!
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This is not financial advice