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Avalanche

AVAX: Approaching ResistanceTrade setup : Price is in an uptrend. Following a bullish break above $43 key level, price has reached our near-term target of $50 for a +15% gain. This is where price got rejected in late 2023, which makes it a significant resistance level. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $50 to signal continuation of uptrend, with + 30% upside potential to $65 next, or 2) pull back near $43 support for another swing trade entry in Uptrend with +15% upside potential back to $50. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $40 - $43, which it broke, then $50 and $65.
Long
by altFINS
Cryptolean Avalanche AVAX Update After a fast bearish dip to the key daily support at $37 and 100-Day Moving Average, Avalanche recovered strongly and now is trading in the bullish territory, holding the current daily support at $41.65. A bullish move from $41.65 towards the previous local high and the key daily resistance zone of $47-$49 is very likely. The AVAX price action with this zone will be very important. A bearish dip to below $41.65 will result in AVAX price declining to re-test $37 and an interaction with the minor support at $39.5. The AVAXUSDT 4-Hour chart is trying to re-claim $42.87. A bullish move from its current price location is likely and will push #Avalanche to the key intraday resistance zone of $46.76-$48.26. A bearish dip to below$42.87 towards $41.21 or, even better, to $39.57 and a bullish rejection of one of these levels could offer a long trade towards $46.76-$48.26 and higher. AVAX will follow $BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and AVAX won't be an exception. Like once read. Thank you!
Long
by Trade-Lean
Avalanche: Gained Momentum 🔥AVAX continued to decline until last Friday. Then, however, there was a change of direction and the price shot up by more than 12%. This development strengthens our assumption that the downward swing was merely part of the substructure of the current (corrective) upward movement. We now primarily expect the magenta wave (b) to bring further significant increases. It should only end below the resistance at $56.43, where a fresh sell-off should replace it. The price should then fall back significantly to complete turquoise wave 2. However, our alternative scenario (48% probable) should be considered, which calls for sustainable rather than corrective gains. It comes into effect on a break of the $56.43 mark and already sees the coin in the turquoise-colored wave alt.3.
BINANCE:AVAXUSDLong
by MarketIntel
1
Avalanche: In the Mood for More!February has been very positive for the AVAX price so far. In the next step, the altcoin should establish the high of the magenta wave near the resistance at $56.43. Thus, the latest bearish pressure should be conquered soon in favor of new upward momentum. As part of our primary scenario, the upcoming wave high should initially be followed by a sell-off until the low of the turquoise wave 2 is settled. However, there is a fairly high 40% chance for a clear breakout above the mentioned resistance. In this case, the turquoise wave alt.2 would have already been finished.
BINANCE:AVAXUSD
by MarketIntel
AVAX: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $35 resistance as well. Price could swing up to $40-$43 range near term for a +20% gain. Stop Loss at $32 (just below the last swing low). Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35, then $50.
Long
by altFINS
AVAX: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $35 resistance as well. Price could swing up to $40-$43 range near term for a +20% gain. Stop Loss at $32 (just below the last swing low). Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35, which it broke, then $50.
Long
by altFINS
1
AVAX/USDT Ready for an Explosive Bull Run? 👀🚀AVAX Analysis 💎Paradisers, let's turn our gaze to #AVAXUSDT, as it's signaling a potential substantial move from a critical demand level. 💎#Avalanche is demonstrating an upward trend, indicating a likely bullish departure from its current demand zone. We're looking at a retest of the demand level at $27.13, with a significant supply zone on the horizon. If #AVAX maintains above this threshold, it may set the stage for an ascent toward the major supply zone at $47.6. 💎If #AVAX encounters difficulties in holding its ground above the support, a strategic reassessment may be necessary. In that case, we would consider initiating a bullish movement from a lower bullish Order Block (OB). 💎It's imperative to monitor this level closely, as a fall below could result in a considerable bearish trend. 💎Stay vigilant and ready to adapt, Paradisers. Your ParadiseTeam is committed to offering the latest insights and strategic guidance, ensuring you're primed to effectively manage these market changes.
Long
by MyCryptoParadise_Simon
AVAX Breaks Resistance. 6% Pump to weekly level Incoming.Local trendline has been broken. #Avalanche has also reclaimed the daily level. The weekly level above is the target as long as we don't get rejected from the trendline above. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
Avalanche AvaxWhat is Avalanche? Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 400+ individual projects, $64M+ of AVAX burned (reducing supply), 1,200+ individual block-producing validators, and over 1.3M+ community members around the globe. - Strong Project, " TP Numbers " are very simple. - i didnt include Fibo calculations to keep the chart clean but i've done it ----------------------------------------------- Trading Plan ----------------------------------------------- Buy : Now Rebuy : 50$ Zone is a gift ----------------------------------------------- TP1 : 150$ (ATH Security TP) TP2 : 200$ TP3 : 300$ SL : 40$ if you want to set it ----------------------------------------------- Happy Tr4Ding!
Long
by thecryer
12
AVAX: Channel DownTrade setup : After getting rejected at $50 resistance, price has been pulling back, forming a Channel Down pattern. It appears on the brink of a breakout but it’s too early to tell. We wait for confirmation, if price can break above $35 key level. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35 (previous support), then $50.
Long
by altFINS
AVAX: Channel DownTrade setup : After getting rejected at $50 resistance, price has been pulling back, forming a Channel Down pattern. Notice that the price is also nearing oversold levels (RSI ~ 30) just as it approaches $25 support. That’s also 78.60% Fibonacci Retracement level (potential support) of $25.70. Hence, near term, we could see price bounce up to $30. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $25, then $19. The nearest Resistance Zone is $35 (previous support), then $50.
Long
by altFINS
AVAX: Thoughts and Analysis, potential low discussion. Today's focus: AVAX Pattern – 50% Fibbo, HL low analysis. Support – 29.22 Resistance – 33 Hi, and thanks for checking out today's update. Today, we are taking a look at AVAX (Avalanche) on the daily chart. Looking at price with a Fibonacci retracement tool on the chart, we can see that price lines up at the 50% point. This point also lines up with a previous high. We discuss the significance of the 50% Fib point and when price lines up with previous highs in today's update. We have also run over what we are looking for to start calling a confirmed low and continuation. Signs are building, but buyers still have some work to do. Good trading.
EIGHTCAP:AVAXUSDLong
by Eightcap
2