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Avax

AVAX on THIN ICEBankrupt exchange Voyager Digital to shut shop after failed deals, details inside According to Voyager Digital’s lawyers, the crypto lender will self-liquidate its assets after failing to reach an agreement on a sale to either FTX US or Binance.US. The announcement, shared in a court filing on 5 May, comes just ten days after Binance.US abruptly backed out of a $1 billion deal to buy Voyager Digital’s assets when the US government intervened to prohibit part of it. Prior to the agreement with Binance.US, the crypto lender made a similar offer to FTX. When FTX went bankrupt alongside Voyager in November, the first contract was cancelled. Voyager stated in a filing that a number of digital assets on the platform that cannot be removed will be liquidated and returned to its users. These assets include major cryptocurrencies such as Algorand , Celo and Avalanche . Avalanche’s latest collaboration with Chinese company Alibaba could change the game for AVAX in the cryptocurrency market. At press time, the excitement of the partnership was reflected on the AVAX charts. Avalanche managed to secure a major partnership that could make it a stronger contender in the metaverse. AVAX sees low demand despite the hype around a new partnership and supports retest. Avalanche could be about to spice things up in the metaverse thanks to a major development that might be a game-changer. The development in question is a partnership with Chinese tech giant Alibaba. According to Avalanche’s official announcement, the two secured a partnership through which Avalanche will be the conduit for Alibaba’s metaverse pursuits. The partnership will focus on Alibaba’s Cloudverse, the cloud computing segment of the Chinese company which already has millions of customers. Avalanche will provide the decentralized technology to support this metaverse endeavor. Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse One of the ways to tell if the excitement has been converted into strong demand is to evaluate on-chain volumes. AVAX on-chain volume experienced a slight upside in the last 24 hours, although likely not strong enough to support enough bullish excitement. Despite the lack of strong demand within the first 24 hours after the announcement, there was one key factor that may still support a strong bounce. AVAX’s price action had been trading within a tight range after finding support near the $16.50 price range. More importantly, the price was recently pushed into an ascending support line. The same support level may act as a bounce-off zone if AVAX can secure enough bullish demand in the next few days. Its MFI already pivoted after previously registering outflows. Weak bullish demand or a surge in sell pressure may also manifest in the market sentiment shifts in favor of the bears.
CAPITALCOM:AVAXUSDShort
by DaveBrascoFX
9
Tradingview Alerts are a Trader's Best Friend ⏰💯📈🔔🤝💰😎Hi traders, 3 days ago during the 'crash' a lot of my Tradingview Alerts were triggered and when that happens i don't think, i only act as fast as possible.🔔 It worked really well as you can see today with Avax example and on my previous post : Tradingview Alerts to the Rescue ⏰💯🙏 📈Let's not neglect the fact that I have been ''making love to charts'' for many years now. I try to share with you here the simplest form of what I see but there is a lot of sophisticated work behind the scenes; calculating these levels so precisely is a different discussion. As for trading, remember to have fun and trust your charts. Oh, make sure you use Alerts ⏰💯 One Love, The FXPROFESSOR🤝💰😎
Long
by FX_Professor
1
AVAX Falling Wedge!BINANCE:AVAXUSDT is sitting in an aggressive wedge with prices being squeezed. I've got this post as a long as the price action leans towards that direction. Price is at previous area of value and with bullish divergence. > Waiting for buying pressure. Remember, this BINANCE:AVAXUSDT chart even though is sitting in a possible bullish wedge will be dragged around by BINANCE:BTCUSDT so you must have plan A / plan B scenarios planned for. You can refer to my CRYPTOCAP:BTC idea here: tinyurl.com On a possible fake out of this level, this will provide bullish ideas in line with the falling wedge. So the Bulls really need to hold this level (zone) to avoid further downside. Bearish ideas could have potential targets to 12.03 levels. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
Potential Reversal AheadDuring the preceding month, AVAX experienced a continuous decline, aligning with the predictions outlined in the previous analysis, until reaching the support level as indicated on the chart. Notably, the price range of $13.7-$14.20, depicted in blue, generated a favorable positive response. However, the $15 mark, which initially served as a support level, has now transitioned into a short-term resistance, leading to the establishment of a trading range between $15 and $14. Furthermore, within the 4-hour timeframe, it would be prudent to anticipate the breach of the upper boundary of the channel, which can be depicted by a downward trend line or channel. Such a development would signal a forthcoming trend reversal in the days ahead. Consequently, in the weekly timeframe, should the price surpass the $15 range once again, it would imply a likely conclusion to the ongoing correction. Conversely, should market selling pressure intensify and the current support level for AVAX be breached, the subsequent robust and reactive range can be expected around $12.40. Additionally, it should be noted that the Relative Strength Index (RSI) currently stands at 40. The RSI, a technical indicator, represents the strength and momentum of price movements. A reading of 40 indicates a neutral position, suggesting a balanced state between buying and selling pressures in the market.
by MonoCoinSignal
3
AVAXUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for AVAXUSDT.1D We are on daily schedule. As you can see, the price is fluctuating in a neutral trend. And it is fluctuating on the first support zone. There are two scenarios. which we specified with guide arrows for you friends, but we expect that according to the hammer candle in the support zone and it is currently oscillating above the support zone, it can move towards the resistance zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1
AVAX Elliott wave Daily countAVAX is trading now into an important support zone. If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again. All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to complete a WXY complex correction and than to go up maybe for a wave 3. If you have questions feel free to ask, also I want to see your thoughts about AVAX. Good luck and hit the like button if you like my analysis and follow me for future count updates!
by Cross10XSignals
2
Avalanche: Gardener 🌷🌹🌼🌻The weather is getting better and the ones who can prepare their garden for the incipient new season of barbecuing, sunbathing, harvesting or just savoring nature. In its green garden between $16.67 and $11.77, Avalanche still has got some work to be done as well and should advance a bit deeper to finish wave ii in orange. Ideally, our crypto gardener should turn upwards near the 100.00%-retracement at $13.64, heading for the resistance at $21.81. To develop wave iii in orange, Avalanche should then climb above this mark, which should provide the altcoin with further upwards momentum.
BINANCE:AVAXUSD
by MarketIntel
🔥🚀Avalanche (AVAX) Poised for Growth: Key Levels & Targets🔥Hi, friends! Avalanche is consolidating between 2 massive value areas. This is not good for volatility, but yesterday's shakeout shows that growth is much possible scenario. Why? The sl of the long traders were triggered which gives the whales more liquidity and AVAX more chances to grow. 📊 TRADING PLAN FOR AVAX: 🔥 exit out of $ 17-17.8 value area 🔥 huge buy orders on DOM and Footprint 🔥 bullish BTC is a must-have for altcoins growth ✅ THE MAIN TARGETS FOR AVAX: 1. $ 19.5-20.2 - the value area 2. $ 22.2 - the key level and local high 3. $ 25 - the key level and even number 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
AVAX: Ascending TriangleAvalanche (AVAX) technical analysis: Trade setup : Price is trading in an Ascending Triangle. Swing traders can enter near triangle support trendline (~$17) and exit near $22 triangle resistance, where it got rejected several times this year. Trend traders should wait for a breakout, ideally above $22 resistance, to signal Uptrend resumption. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $15, (previous resistance), then $10. The nearest Resistance Zone is $22, then $30.
Long
by altFINS
2