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#
Avalanchelong
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 $69.
Good luck.
Happy trading!
AVALANCHE - Our Spot Queen for the Season 🥨🥂Xmas is coming sooner than we think.
London tends to turn Xmas decorations in early November but we, here at FXPROFESSOR we start our planning from mid-September!
All i want for Xmas is to see AVALANCHE over 100 because that will be my shopping budget..that's the plan at least.
ps. even if cryptos go to zero there will be happy faces in this house, make sure you save first and then invest... what you can afford to 'lose'
Come on AVALANCHE..100$ is easy for you, you can do it.
oh and some more AWESOME NEWS!
the FXPROFESSOR
AVAX challenges the market to the altcoin party's last danceWhat we see on the above chart of AVAX is a beautiful cup & handle formation.
The huge increase in volume shows that masses of AVAX coins obviously changed hands during the handle formation. So there was a lot of accumulation here. Most likely in anticipation of the Avalanche price breaking out of its formation this week and reaching a new all-time high.
The flag formation, which is the handle of the cup, has already been broken to the upside. Currently, the Avalanche price is trying to establish the 0.382 Fibonacci level as support, in order to break the confirmation line ($58.50) from there. It failed its first attempt over the weekend.
The minimum price target resulting from the chart pattern is $110. As luck would have it, this price target falls pretty much at the 1.618 Fibonacci level.
At the current price of $51.72, that would represent an increase of about 115%.
A final bullish week that has many investors in the market forgetting about the looming threat of a crash makes perfect sense.
Money in the crypto market moves in cycles. It flows from larger ecosystems to smaller ones. When the smaller ecosystems slowly overheat, the money flows back into the larger ones. This process can often repeat itself several times until the last bit of return has been squeezed out of the market and the whole scheme collapses in on itself.
The reason for the collapse is the inflated prices for which there are no longer enough buyers to sustain the rally.
But what ecosystem is left? The NFT hype has gotten out of hand and has become the playground of a few big players. The so-called "floor prices" of certain exclusive NFT classes are an illusion, as it is almost impossible to find a buyer in the market at these prices.
DeFi blue chips on Ethereum have stagnated. Polygon had its moment as the first legitimate scaling solution, but that moment has already passed. Solana and many of the dApp tokens are already overpriced and Cardano, despite its Alonzo upgrade, lacks the promised wave of killer dApps. So the only thing left, in theory, is Avalanche's still relatively young ecosystem.
What will ultimately cause the market to collapse? Probably the realization that none of these new smart contract blockchains have launched even one innovative DeFi app that doesn't already exist on the Ethereum blockchain.
Disclaimer: This analysis is an excerpt from the Bitcoin forecast on the German crypto blog Bitcoin-Bude. Source: Avalanche Kurs Prognose
A Case for Avalanche RushIdea pretty simple. I personally entered at the bullish T-K cross at about 33k sats. Held my position so far since fundamentals on this project are strong. Looking for trend continuation as projects on avalanche rush get launched over this month. Their roadmap says they are also working on some exchange listings that will provide the extra volume needed to reach the target. Target obtained through a fractal analysis. Coincidentally its at the 2.618 fib level. I will be cautious at the 1.618 level though. Price discovery can be tricky.
🧧AVALANCHE- This One Has Just Started 🍎 AVALANCHE has been growing nicely.
Solid Tech, robust tokenomics and a visionary founder. it can easily overtake some of the Tokens/coins that have stopped growing, like Polkadot, XP and DOGE.
Price could even triple from here.
Price over major resistance and despite the rapid rise it looks ready for another rise.
Not as fast as Solana, not as decentralized as Cardano, not as profitable as Ethereum but the parabolic growth should grow.
The AVALANCH community is fanatic with AVAX and the growth seems more organic and healthy than the competition.
One Love,
the FXPROFESSOR
AVAXUSDT Ready To Make New All Time High!AVAXUSDT (DAY CHART) Technical Analysis Update
Read to make new ATH
AVAX/USDT currently trading at $46.50
Buy-level: $42.00 - $46.50
Stop loss: Below $37.00
Target 1: $55.00
Target 2: $65.00
Target 3: $75.00
target 4: $100.00
Max Leverage: 1X or buy it on spot
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Avalanche (Avax) Update: Since the Buy signal from the ema and sma cross signalled on the 1st August, Avalanche (Avax) has been on a impulsive parabolic run, gaining over 400% in just over 24 days. Currently Avax is 10% from the ATH price @ $59.74, the price next target from here is at the 127.20% fibonacci level @ $73.49, 34% from the current price level. Please see previous analysis below. Happy Trading :)
Avalanche (Avax) Update 21/03/21, be patient 63%+ Gain to ATH $59.7. $AVAX
Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Capped Supply
An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
Avax Buy Opportunity Signalled Buy Script 93% Gain from 23.60% Update 30/03/21 Avax Buy Opportunity Signalled Buy Script 93% Gain from 23.60% Fibonacci level.
Since reaching $39.15 on 20/03/21 Avax has retraced down 25% from $39.15 to the current price level just below the 23.60% Fibonacci level @ $29.57. The 13 EMA crossed up above the 50 SMA on the 29th March signalling a Buy signal from our script. We expect Avax to start pushing back to the upside but be patient, the Bulls are taking their time to get back into the market. Our target from here is $59.74, a 93% Gain from the 23.60% Fibonacci level. This move back to the upside may not be a straight forward push as we have had some resistance from key fibonacci levels, the first push phase should see us push past the 38.20% Fibonacci @ $36.34, currently 18% Gain from here. The 93% Move is still in play, just a matter of time now. Be patient map your buys using the Buy Zone. Happy trading. See previous Analysis below :)
Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Capped Supply
An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
AVAXUSDT Ready To Moon 🚀🚀🚀Avalanche has been making steady movement since the last 80% correction
Lots of development for AVAX this week , watch out
Resistance visible at near $30.6599 . It will break it soon on the next move up
Ascending bull trend line looking good for AVAX
Solid support at near $27, $26 . But it won't be needed for now as Avalanche is about to Moon
Entry at near $25.4617 I see it getting to $60 in this trend.
I have filled my spot bag already before take off
BTC must remain a good lad for this idea!
Good luck!!
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Update Buy Zone 2 Avalanche (Avax) 63%+ Gain to ATHUpdate 21/03/21 Buy Zone 2 Avalanche (Avax) 63%+ Gain to ATH, perfect sniper entry back to ATH from current price level. We May not see this price again, DCA and accumulate from this Buy Zone 2.
Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Capped Supply
An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
Avax Update BUY triggered by script 13EMA crossing up 50SMAUpdate on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Capped Supply
An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin, reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMAAvalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 170% gain from current price level! Bulls back in the market!
Avalanche (Avax) Buy Opportunity 170%+ Gain Triple Bottom Formed. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just below the 200 SMA signalling bearish sentiment but a possible test back to the 200 SMA and a break of this level would signal a very bullish sentiment, further a trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 170%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70.
Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :)
Key Notes on this project:
Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.