(AVAX) AVALANCHE - DIRECTION 274$ ? 🤔Hello everyone !
Today the Black Cat Trader is analyzing AVAX based on a 3D chart 📈
What we can see :
- AVAX just hit the 1.618 (trend based fib extension) and right now prices are trying to break the intermediary upper line of the pitchfork which act as a strong resistance.
- We can identify a divergence on the RSI which could tend to a small correction, or simply a range to come.
What we can expect :
1. If AVAX manages to break the intermediary upper line of the PF, we can expect prices to reach the upper levels (2.618 / 3.618 / 4.618). The last target would be the upper and last line of the pitchfork.
2. If AVAX failed to break the intermediary upper line of the PF, then prices could take support on the duo Tenkan / kijun or directly on the uptrend line (white).
Resistance : Intermediary upper line of the pitchfork
Support 1 : Duo Tenkan / Kijun
Support 2 : uptrend line
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TP1 : 159 $
TP2 : 217 $
TP3 : 274 $
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Avalancheusdt
🗸🍊 AVALANCHE - Let's Reach XRP AVALANCHE or XRP?
Ripple people already don't talk to me so let's be honest here: AVALANCHE 100% !!!!!!
Avalanche and Ripple have nothing in common, I know. And yes it is like comparing Oranges and Pears.
Ripple is a gross settlement system, currency exchange and remittance network created by a bunch of people who are in courts (good excuse for having no apparent edge in the market) whereas Avalanche is a community driven Blazingly Fast Low Cost, & Eco-Friendly open, programmable smart contracts platform for decentralized applications.
Do I need to say anything more?
I would prefer to hold 50% of all AVAX than 100% of all XRPs....
Maybe you won't like this idea maybe you will but allow me to be who I am and speak/post what i think.
Will drop you all a reminder when AVAX catches XRP...
the FXPROFESSOR
One of my first posts on Tradingview: when XRP went to 0,76 and back to 20 cents. People were MAD at me for saying that 'XRP is not Bitcoin'. ..how do they feel now? Be careful what you comment...the Professor might always reply to trolls at the right time. Always with a chart and some common sense.
AVAX 1D Where can we buy safely and then sell profitably?Today we have AVAXUSDT — another trading pair in our analysis, voted for under our "Bitcoin Weekend #17" idea.
AVAXUSDT price showed a gorgeous 500% growth in less than a month, almost reaching ATH
We congratulate all traders and investors, who at least managed to get out of the drawdown, if they bought on the previous growth wave and did not have time to fix it in time, and at maximum — they made good profit on such a strong growth movement.
What are we waiting for next — you ask, correction — we will answer).
And from the depth of the correction and the volumes, where it will take place, it will be easier for us to determine who is stronger at this moment: the buyers or sellers.
If the sellers aggressively buy from the range of $38-40 and do not let the price go lower, then you can expect an update of the absolute maximum of AVAX in the near future, and after that you can aim for growth up to $140.
If the correction will be delayed in time and depth, then we can forget about a quick rise in the pair AVAXUSD for 1-2 months. However, there is also a plus here, longer accumulation of positions by buyers will give them more time to rest and gain strength for the next upward movement.
Accordingly, the successful purchase of AVAXUSD in the area of $19-2 4 can in time increase your deposit by x10 times, because the target for profit taking in such a trading situation may be in the area of $200-215
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AVAX- Approaching the TOP-10 🔝🔟🎩You had been warned!
We called AVAX our 'Spot Queen for the Season'
We know a proper breakout when we see it and first posted when it was 30$, just on time for some great trades:
Please keep in mind that we see 117$ as a good price to take profits..partially
One Love,
the FXPROFESSOR
AVALANCHE - 100$ 🗸🍊 AVAX has done GREAT for us. We had called it our 'Spot Queen for the Season' with a target of 100$ and it became a reality very fast:
We know a breakout when we see it and when Fundamentals agree it's sometimes easier to more than double in 90 days than it is to do so in months: what a fantastic example this has been.
Once again:
Blazingly Fast, Low Cost, & Eco-Friendly.
Solid Tech, robust tokenomics and a visionary founder. It can easily overtake some of the Tokens/coins that have stopped growing, like Polkadot, XRP and DOGE.
Not as fast as Solana, not as decentralized as Cardano , not as profitable as Ethereum but the parabolic growth should grow.
The AVALANCHe community is fanatic with AVAX and the growth seems more organic and healthy than the competition.
TECHNICALLY:
Time to take some profits and wait for a new entry. Price might need to ,ose some steam and test support at 83$ before going higher. It's been fun, yes.
One Love,
the FXPROFESSOR
AVALANCHE - Almost 10x in 3 months 🤩👏We have covered this before and we will keep covering it until it hits the 100$ mark (and why not the 117$).
We had previously called AVALANCHE 'Our Spot Queen for the Season 🥨🥂'
Charts don't lie and for us a breakout is when we enter (or enter stronger); thus we had informed you at the very time of the break-out here :
AVALANCHE has been growing nicely, almost parabolically.
Solid Tech, robust tokenomics and a visionary founder. It can overtake some of the Tokens/coins that have stopped growing, like XRP and DOGE.
IT'S STRENGTH IS IT'S COMMUNITY- GROWING ORGANICALLY!
News:
Avalanche Developers and Investors Form $200M ‘Blizzard’ Investment Fund
The early-stage investment firm and incubator will be operated by former Ava Labs and Avalanche Foundation staff.
One Love,
the FXPROFESSOR
💯 AVALANCHE - Destination next: 100$ Avalanche has done miracles in the previous 2 months.
After the fantastic breakout in August our estimation had been the 100$ mark.
The resistance was met and that helped us wait for new entry points:
At this stage, the price could potentially be ready for a rise further as it has breached over resistance and checked it as support.
News:
Avalanche Foundation made its commitment palpable as it announced that $3 million AVAX from the Avalanche Rush program would be distributed across all Stake DAO Avalanche Strategies.
This allocation is somewhat similar to the liquidity mining incentives where projects distributed a certain number of their tokens as incentives for providing liquidity. In this case, however, Avalanche Rush has selected Stake DAO to be distributed AVAX on any Avalanche-based strategies present on their platforms.
Apparently, we are not the only ones believing in a 100$ mark before the end of the year. Want to know more? Here are 6 very good reasons why this expectation could be backed with solid facts.
One Love,
the FXPROFESSOR
AVAX - 2 targets, both BULLISH! Do you like high speed, low transaction fee, layer 1 competitors to ETH that also offer compatibility with the Ethereum Virtual Machine and have bullish as F charts? Well, this is the token for you :-) Solana and Avalanche are my faves this cycle. AVAX looking to break out. Don't miss out ;-) This is of course, NOT financial advice :-)
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#
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 $35-40 would be the favored scenario here.
AVALANCHE - Our Spot Queen for the Season 🥨🥂Xmas is coming sooner than we think.
London tends to turn Xmas decorations in early November but we, here at FXPROFESSOR we start our planning from mid-September!
All i want for Xmas is to see AVALANCHE over 100 because that will be my shopping budget..that's the plan at least.
ps. even if cryptos go to zero there will be happy faces in this house, make sure you save first and then invest... what you can afford to 'lose'
Come on AVALANCHE..100$ 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 $51.72, that would represent an increase of about 115%.
A final bullish week that has many investors in the market forgetting about the looming threat of a crash makes perfect sense.
Money in the crypto market moves in cycles. It flows from larger ecosystems to smaller ones. When the smaller ecosystems slowly overheat, the money flows back into the larger ones. This process can often repeat itself several times until the last bit of return has been squeezed out of the market and the whole scheme collapses in on itself.
The reason for the collapse is the inflated prices for which there are no longer enough buyers to sustain the rally.
But what ecosystem is left? The NFT hype has gotten out of hand and has become the playground of a few big players. The so-called "floor prices" of certain exclusive NFT classes are an illusion, as it is almost impossible to find a buyer in the market at these prices.
DeFi blue chips on Ethereum have stagnated. Polygon had its moment as the first legitimate scaling solution, but that moment has already passed. Solana and many of the dApp tokens are already overpriced and Cardano, despite its Alonzo upgrade, lacks the promised wave of killer dApps. So the only thing left, in theory, is Avalanche's still relatively young ecosystem.
What will ultimately cause the market to collapse? Probably the realization that none of these new smart contract blockchains have launched even one innovative DeFi app that doesn't already exist on the Ethereum blockchain.
Disclaimer: This analysis is an excerpt from the Bitcoin forecast on the German crypto blog Bitcoin-Bude. Source: Avalanche Kurs Prognose
LONG _ AVAX/USDTAnalyse technique:
Avalanche est dans un drapeau baissier ce qui constitue la consolidation de son précédent mouvement - Il n'y a pas de divergence et les volumes sont en augmentation
Le RSI est 59.21
Position sur le pull-back de résistance du drapeau à 45,8$
Position des take-profits
TP1= @ 57$
TP2= @ 66$
SL = rupture résistance drapeau -2% = 44,88$
Ratio → 12.04
Money Management → 10% du portefeuille trading