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
#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...
Six Cryptos Set to Skyrocket! #CryptoScreener🚀 Six Cryptos Set to Skyrocket! 🚀 #CryptoScreener
In my latest video, I dive into 32 cryptos flagged by my #HIGHFIVESETUP screener as potential trade opportunities.
🔍 The Results? We uncovered SIX fantastic H5 trade setups that are ready to soar! Featuring: CRYPTOCAP:AVAX , CRYPTOCAP:LINK , and $BTC.
🔑 The Strategy:
Setup: Identify promising setups with our H5 screener.
Trade: Execute with precision.
Profit: Reap the rewards.
Repeat: Consistently find and act on new opportunities.
📈 Join me on this journey and see which cryptos are primed for massive moves!
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.
AVAX vs BTC | ALTCOINS | Life Changing IF This Pattern Plays OutFractals have been used for years as possible suggestions to map how money moves in the financial market.
This is what gives them significance; they draw out a sort of map. The hard part about fractals though, is that they often appear cross markets and it is no easy feat to spot similarities on large scale. However, to the seasoned eye, fractal-spotting becomes easier over time.
There is a misconception that fractals can only be used in the same timeframe. This is simply because, as with Bitcoin, there is a large history of candles (data) that plays out in an elaborate pattern. Daily candlestick patterns become lost in weekly patterns, even though the general direction / macro is the same.
In the case for AVAX, a similar pattern has been observed in BTC before the COVID pandemic - and it has been playout out perfectly, so far.
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BINANCE:BTCUSDT
COINBASE:BTCUSD
BINANCE:AVAXUSDT
Enhanced Parallel Channel Tool with Fib Levels - AVAX Example AVAX on the Rise with TradingView’s Enhanced Parallel Channel Tool 🎯🚀💹
Hey fellow traders!
Today, I'm diving with excitement into AVAX and how TradingView's new Parallel Channel tool levels up my (our) analysis.
TradingView continues to prove why it's the #1 platform for traders, with new features that keep us ahead of the game! For me personally this extra steps, updates and tools are Very important as they help me do better with analysis and trading.
AVAX Example:
Right now, AVAX is showing promising action within an ascending parallel channel, with strong support around $24.32 and a secondary layer at $22.97. This channel setup, now enhanced with additional levels on TradingView, is giving us a clearer picture of potential price movements. By activating these extra levels, we get a deeper, more nuanced view of the trend—ideal for pinpointing resistance and support points with precision.
The new option to add my favorite Fib 0,618 level is AMAZING!
To enable these new levels on your chart:
Open the Parallel Channel settings.
Go to the Style tab.
Check the boxes to activate more levels, allowing you to customize coefficients, colors, thickness, and line styles.
With this upgraded tool, I will be targeting $31.79 as the next key resistance level for AVAX. If bullish momentum holds, we could see a push up to the $40 mark at the top of the channel. It’s a promising setup, and I'll be entering this trade with excitement!
FXPROFESSOR 202:
Personally i have added 0.618 level (on both sides) and you can see how well the chart works. Keep in mind that for this structure (parallel channel) the 0.50 level remains the Key Level on drawing the channel: There is no valid channel unless the middle level does not have a confirmation acting as S/R/S or R/S/R.
A massive shoutout to the TradingView team for continually refining these tools, setting industry standards, and empowering us to perform better analysis. This is why TradingView remains the best choice for serious traders everywhere. I am proud to be part of this community, right here and always.
One Love,
The FXPROFESSOR 💙
Explore TradingView’s Latest Channel Tool Update: www.tradingview.com
ANALYSIS | Crypto by MARKET CAPAs of time of posting, according to a reliable website the top 10 cryptocurrencies by market cap are as follow:
1) Bitcoin / BYBIT:BTCUSDT
2) Ethereum / BINANCE:ETHUSDT
3) Tether / COINBASE:USDTUSD
4) Binance Coin / BINANCE:BNBUSDT
5) Solana / BINANCE:SOLUSDT
6) US Dollar Coin / KRAKEN:USDCUSD
7) XRP / BINANCE:XRPUSDT
8) Dogecoin / BINANCE:DOGEUSDT
9) Tron / BINANCE:TRXUSDT
10) Toncoin / OKX:TONUSDT
11) Cardano / BINANCE:ADAUSDT
12) Avalanche / BINANCE:AVAXUSDT
You can find and track this easily by searching "Cryptocurrencies by market cap" or something in that line.
On the charts you will see the king - Bitcoin, as well as TOTAL (total cryptocurrency market cap) which is currently at 2.28T, and at the bottom right TOTAL3 (total cryptocurrency market cap without BTC and ETH), currently at 6.19B.
It's important to note that BTC determines the general direction of the altcoin market, but Cryptocurrencies do not necessarily move together with traditional assets such as stocks. That's why it's important to determine the macro trend before trying to analyze any individual coin. This is especially true for crypto's with a higher market cap. As you begin to look at altcoins that have smaller or micro market caps, they tend to dump/pump unexpectedly without moving together with BTC.
You'll often notice that the top 5-8 alts have similar chart patterns to BTC. Although they do still move within their unique support/resistance zones, it's safe to say that when you see a H&S on Bitcoin, you'll probably see it on the large-cap coins as well. I will say this - it's not the case for XRP and ADA. (I'm surprised to see they still hold such high positions in the ranks and I have a hard time identifying the potential reason for this other than old bag-holders/cult following).
With this info, you can conclude to a range of different outcomes, including but not limited to:
🥠 Using crypto as a hedge against traditional assets
🥠Using microcaps as a hedge against BTC
🥠 Microcaps carry more risk
That all being said - trading is risky, and crypto particularly more so. Even hedging doesn't guarantee safety when it comes to crypto.
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