Avax
AVAX running for itAVAX has made a good move to the upside with much strength. Despite this, if BTC pulls back AVAX will also come down. In the meantime, I expect that AVAX will continue up until it hits strong resistance. If you are on the sidelines wait for another structure and plan a setup with a healthy risk-to-reward ratio.
Avalanche AVAX Is Entering The Most Impulsive Super Cycle StageHello, Skyrexians!
Today we have the easiest for analysis altcoin in our opinion, this is BINANCE:AVAXUSDT . Previous bull run was very impulsive and after severe bear market this crypto is showing great dynamic. Today we will try to understand the targets for Avalanche for this bull run.
Let's take a look at the weekly time frame. The previous bull run can be interpret as the global wave 1. It has the clear 5 waves impulsive structure. After that price went to corrective wave 2 which has ABC zigzag structure. When 0.61 Fibonacci retracement has been reached price started to reverse.
Now AVAX is in the global wave 3 - the most impulsive wave of super cycle which can bring the highest gains with lowest risks. Wave 1 in wave 3 has been finished with the red dot on Bullish/Bearish Reversal Bars Indicator . As always, alerts from this indicator can be automatically replicated on exchange account orders. You can find the information in our article on TradingView .Then wave 2 showed us the pull back, which has been finished with the green dot on this indicator. This is the very strong reversal signal which will likely bring the price to the global wave's 3 targets at 1.61 and 2.61 Fibonacci extensions at $260 and $400.
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Skyrexio Team
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AVAX: Gathering StrengthThe AVAX coin has taken a brief pause in recent days, which we attribute to the substructure of the orange wave (iii). In the short term, the price could revisit our turquoise Target Zone (between $29.30 and $17.48), so we are keeping this range active for now. However, the primary trend remains upward, as wave (iii) should extend significantly higher. Following this wave, we anticipate an interim correction, paving the way for another rally to complete the overarching blue wave (i).
#avax inverse head and shoulder pattern..We do not depend on patterns as a main directional idea, but there is a clear pattern here.
Depends on market behaviour, if increase continuation then, avax will target 40-42 usd range..
We will folllow our score structure, just an idea, you should do your own research...
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Not Financial Advice
AVAXUSDT - Worth Coin!Avax one of the biggest coins according to marketcap( 13 in rank with 14.31b)
Breaking out the falling wedge pattern and rose nicly a 65% Quietly and consecutively rising candles
U can consider it such as DOGE And XRP
Worth it ... It still at the bottom BTW
Best regards Ceciliones 🎯
Alikze »» STX | Ascending channel🔍 Technical analysis: Ascending channel
- It is moving in an upward channel in the weekly and daily time frames.
- Within the ascending channel after a moving cycle, it has so far had good reactions to the tops and bottoms.
- In the short term, it has been moving in a descending channel, which is recorded in the golden zone of a reversal candle.
💎 Therefore, it can grow after the break of the descending channel, after the touch of the 2.42 range in the middle of the channel, after the pullback to the broken structure, the continuation of the upward path to the specified areas and then to the ceiling of the channel.
💎 In addition, if the golden zone and the bottom of the ascending channel are broken, the continuation of the ascending scenario will be invalid and should be reviewed and updated.
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BINANCE:STXUSDT
Avalanche (AVAX) - Symmetrical Tri BreakoutPrevious Resistance has now been broken from the Symmetrical Tri pattern formed, which is now acting as new Level of Support. AVAX appears to be creating a new Ascending Channel pattern.
Another candle close above the new Resistance level will continue to push Avalanche at around the $46 price target.
🟢"NEW" Support Level= $30
🔴Resistance= $35.75
🌟Target= $46🎯
AVAX SWING LONG IDEA - ALTCOIN SEASON 2024-2025AVAX is one of the most well-known coins, backed by strong fundamentals. I believe it will perform well during the 2024-2025 bull run.
The price is currently coming from a monthly demand zone, showing solid rejection and strength. It has also broken the diagonal trendline that signaled the previous bearish trend. Both weekly and daily momentum are strongly bullish, further supported by Bitcoin's strength.
I expect a retracement to the weekly demand zone and the maximum discounted area, with a possible retest of the broken bearish trendline. From there, I anticipate a move up toward the targets.
LTF confirmations will be needed to initiate the trade.
Alikze »» ETC | Completing the corrective leg C🔍 Technical analysis: Completing the corrective leg C
- In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle.
- Currently, it is channelized, moving in the downward channel in the daily time frame.
- According to the current correction structure, this correction is a three-wave correction that can enter an upward cycle within the specified range after confirming the reversal of the trend.
- Therefore, I expect that it will encounter demand in the buying range and then leave the downward channel and grow up to the first supply area or Fibo 0.618.
- In addition, the most important area for an upward trend is the $25 range, whose high stabilization will have the ability to reach the supply range of the previous ceiling.
💎 Note: Note that if the bottom of the buy zone is stabilized, the bullish scenario is invalid and should be updated again.
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BINANCE:ETCUSDT
Momentum Rating Update - AVAX/USDTOur Bullfinder AI Tech has identified a potential opportunity within Avalanche BINANCE:AVAXUSDT over the coming weeks and months, rating AVAX as 'bullish' above $34.73...
Upon reviewing latest developments, our founding Team have identified $29.72 as an important price point to monitor. If price moves below this price point, bearish continuation risk may increase substantially.
We look forward to bringing you more great content within our publications, and thank you for being here with us!
Love & Wisdom,
Team at Bullfinder AI
AVAX: $15.85 | Finding the Right Chain for Valuewhen the biggest player in the world decides to go with AVAX
it only means one thing
the market has decided
we await Berkshire Apple Tesla Facebook to pick their respected pets as well
size your positions and find a good entry at pullbacks
looking at 15,00 to 12.65 as allocation for big funds to come in
careful in the futures market as handler knows how to hunt those stops easily
how avax reached $880gm,,,
avax came up in a large 5 wave move from the 2023 lows.
5 waves up is generally the beginning of something,,,
so we're going to label that whole structure as wave (1).
we then begun to correct in a large 3 wave move,,,
i've labeled that particular structure an expanded flat.
back in august, we seemingly have completed the expanded flat,,,
which i've went ahead and labeled as wave (2).
what comes next from here, is wave (3).
---
w3 target = $300
w4 target = $100
w5 target = $880
The Banana Zone Series - AVAX Buy the Dip Levels (5 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone.
We continue the series with Avalanche ( CRYPTOCAP:AVAX ).
As you can see in my analysis, pull backs to $29.50 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season.
For more aggressive traders, $30 and below can be the trigger longs with tight stops.
Not a financial advice so DYOR.
Alikze »» SOL | Bullish Flag🔍 Technical analysis: Bullish Flag
- In the last analysis presented, it was mentioned that an upward cycle is being completed.
- Currently, a cup pattern has formed on the weekly time frame after an upward rally, followed by a small valley.
- As you can see, after a zigzag correction in the liquidity zone, an ascending flag has also been formed.
- Therefore, by maintaining the area and breaking the channel, it can experience another growth equal to the height of the rising wave.
💎 Also, note that if the $100 range is broken and there is a stabilization below it, it should be re-checked and updated.
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BINANCE:SOLUSDT
Avalanche (AVAX)Avalanche is another great project in crypto market which seems to have a bright future. Clearly, a harmonic pattern formed, finished, and the downtrend line broke too. Also, there is a horizontal support/resistance area on which price have bounced several times and will probably react on it again. Now, only time will tell how far up this project can go. Let's see what happens.
#AVAX/USDT#AVAX
The price is moving in an ascending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the ascending channel and we are now touching this support
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 26.50
First target 27.81
Second target 29.03
Third target 30.46
Avalanche Foundation Acquired 1.97 Mln AVAX tokens from LFGThe Avalanche Foundation recently took a bold step to reclaim its ecosystem's autonomy by acquiring 1.97 million AVAX tokens from the liquidated Luna Foundation Guard (LFG) for $53 million. This buyback, paired with CRYPTOCAP:AVAX ’s strong technical outlook, positions Avalanche well for further growth in the evolving crypto market. Let’s dive into what this buyback means for Avalanche, its partnership history with LFG, and the technical indicators suggesting where CRYPTOCAP:AVAX might be headed next.
The AVAX Buyback
The Luna Foundation Guard (LFG) originally acquired $100 million worth of AVAX tokens from the Avalanche Foundation as part of a reserve strategy to support TerraUSD (UST), the algorithmic stablecoin of the Terra blockchain ecosystem. In return, the Avalanche Foundation received $200 million worth of UST and LUNA tokens, signaling a cross-ecosystem partnership intended to strengthen both platforms.
However, following the collapse of UST, the Avalanche Foundation faced a dilemma. The 1.97 million AVAX tokens LFG still held became a potential risk, as their future sell-off could create a major price disruption. In response, Avalanche reclaimed these tokens to mitigate uncertainty and reaffirm its commitment to the community. Aytunç Yildizli, CEO and Executive Director of the Avalanche Foundation, expressed optimism regarding this acquisition, viewing it as a reinforcement of Avalanche’s ongoing commitment to growth and development.
How the Tokens Will Be Used
Avalanche’s reclaimed AVAX tokens will be funneled into initiatives supporting its ecosystem. According to Avalanche representatives, these tokens are earmarked for community grants, ecosystem development, and technological advancements. By using the tokens in this way, Avalanche aims to foster community engagement, expand its ecosystem, and ultimately attract more projects and developers to the platform.
The Partnership with Terra
The original partnership between Avalanche and LFG was a milestone in cross-chain collaboration. By contributing $100 million worth of AVAX to UST’s reserve, Avalanche became the first major crypto asset outside of Bitcoin to support UST, expanding its role in the Terra ecosystem. The collaboration had initially sparked hopes for integrating Terra-based DeFi protocols within the Avalanche ecosystem. Although the plans were cut short by the Terra collapse, this collaboration showed the potential of cross-chain partnerships in crypto.
Technical Analysis
Despite its impressive fundamentals, CRYPTOCAP:AVAX has experienced a minor dip of 1% at the time of writing. However, the daily chart reveals a promising “Golden Cross” pattern, a technical indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is considered a strong bullish signal, often indicating that the asset is primed for an upward reversal.
Yet, caution remains necessary. If selling pressure persists, CRYPTOCAP:AVAX could dip to its next support level around $24. This would provide an opportunity for accumulation, especially for those who believe in the token's long-term potential.
AVAX’s Role in the Layer-1 Ecosystem
As a leading layer-1 blockchain, Avalanche differentiates itself through its unique subnet architecture, enabling highly customizable and scalable applications. This modular approach has drawn various developers to build DeFi, gaming, and enterprise applications within the Avalanche ecosystem. With the AVAX buyback, the Avalanche Foundation signals a strategic focus on expanding and supporting these use cases, enhancing the platform’s utility and resilience.
Conclusion: Is AVAX Ready for a Rebound?
Avalanche’s proactive buyback of AVAX tokens from LFG demonstrates the Foundation’s commitment to fostering stability and long-term growth. Coupled with a Golden Cross pattern on the daily chart, these fundamentals suggest a promising outlook for $AVAX. The token remains a valuable asset for investors seeking a solid foundation within the layer-1 blockchain sector.
While short-term volatility may persist, Avalanche’s combination of technical indicators and ecosystem developments makes it well-positioned for a potential bullish trend. For investors eyeing layer-1 assets, CRYPTOCAP:AVAX offers a compelling mix of fundamentals, technical strength, and future growth potential.