AVAX - SHAKEOUT before FINAL ATH📉Hi Traders, Investors and Speculators of Charts📈
AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade.
Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common.
I've been bullish on AVAX for a very long time, and we've seen great increases since my last update:
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BINANCE:AVAXUSDT
Avax
AVAX Long Term Bullish - (April, Technical Analysis)Avalanche (AVAX/USD) If in doubt, zoom out! Despite the recent crash on most coins, some have experienced a larger fall. However, AVAX is still forming: "Higher High's & Higher Low's" on the trend line pattern from the chart. Is this recent dump before the BTC halving a shakeout so that whales can accumulate even more??
AVAX held support from the recent crash touched perfectly on the 50% fib retracement at: "$35" and bounced off. A retest to $65 price in the future is very likely soon as Avalanche is still looking bullish long term for 2024.
Line of Support= $35🟢
Minor Resistance= $45🔴
Major Resistance= $65❌
Target!= $75🌟
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Avalanche: Take-off 🛫AVAX turned within our blue Target Zone ($41.83 – $50.42). Accordingly, we consider the low of the blue wave (ii) to be established. In the further course, the same-colored wave (iii) should continue well above the resistance at $65.42. Investors can open long positions in our Target Zone. Stops could be placed around 1% below the Zone. Indeed, if the price slips below the lower edge, this will activate our alternative scenario (25%). In this case, the price should drop to our turquoise Target Zone (between $29.30 and $17.48) to place the low of the turquoise wave alt.2.
Avalanche (AVAX) - Upside Breakout (April, 2024)Avalanche (AVAX) - has formed a bullish wedge pattern on the 4-hour timeframe, breakout to the upside past Resistance from a downtrend since: mid March 2024.
If a rally from the break pushes further forward to: "$65", then past it.. momentum will continue and AVAX could head higher at prices of: $70 once key level Resistance has been reclaimed.
‼️DISCLAIMER PLEASE READ CAREFULLY‼️
*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Avax Premium SignalAlright, folks, check this out. I've got a premium signal straight from the consulting chatroom where we've been hashing things out. Our analysts are in on the juicy stuff, only dealing with insider info from the big players like market makers and whales. Forget about all that technical analysis mumbo jumbo when the heavy hitters are making moves. This deal's set to hit its targets in the next few weeks. None of that trend line or Fibonacci nonsense here. Our endgame? Making bank, plain and simple. And let me tell you, these free signals ain't gonna come around often. Use your noggin, do your own research, and make your moves wisely, alright?
Avalanche / AVAX analysisThe price of AVAX is $20.7 today with a 24hour trading volume of 400 million dollars and its 95% up since last month
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.
Avalanche’s bridge has performed over $60B in transfer recently a key factor in its rapidly growing DeFi ecosystem but now lets look at the price and chart
breaking 12 resistance and down-trend was a great opportunity for scalpers to long and make some quick buck. as you see 21-22 is the next resistance and after hitting 21 we had some correction
like most asset classes the market waiting for Federal Reserve's first meeting and rate decision of 2023 so be ready for some volatility in crypto. for long term Im bullish on avax
avax next targets are 23, 25 and 27
AVAX: sell in trend📊Analysis by AhmadArz:
🔍Entry: 46.22
🛑Stop Loss: 47.59
🎯Take Profit: 44.77-42.68-40.09
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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🚀📈 AVAX Spot Trade Setup! 📈🚀
🚀📈 AVAX Spot Trade Setup! 📈🚀
📊 Analysis:
Support Area: AVAX is currently within a support zone, suggesting a potential upward movement.
Market Sentiment: Positive outlook for bounce in selected altcoins.
Upside Potential: Targets set at resistance levels.
📈 Trade Plan:
Entry: Consider entering in the $40 - $45 support area.
Take Profit: Target profits at $50 - $53 or higher towards $65 - $70.
Stop Loss: Set stop loss just below $40.00 to manage risk.
💡 Note: Keep an eye on price action for confirmation of bounce and adjust strategy accordingly! Stay vigilant in monitoring market movements. 🚀📈 #AVAX #SpotTrade 🛒💰
🚧AVAXUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:AVAXUSDT
AVAX has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement, we shall see it reach 47$ pretty soon or at least in short term duration. The expected movement is as much as the measured price movement ( AB=CD ) . We might even see a correction one more time before ascending further. keep in mind that the next big resistance for AVAX will be around 47$.
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✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
⚠️ Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Avalanche (AVAX) Bearish Short TermAVAX is at a crucial level atm, $48 didn't hold Support. Be sure to watch out for this, because a break below could accelerate selling pressure and pull the pair to $42-$44 creating a new Level of Support.
Current Support Broken= $48
New Support Level= $42-$44
This short term bearish view will be invalidated in the near term if the price turns up and holds above the $50. AVAX price could rise to $60 and thereafter attempt a rally to the overhead major resistance at $65.
Avalanche (AVAX): Riding the Crypto Avalanche with Wit and WisdoWelcome back, crypto enthusiasts! Today, we're diving headfirst into the whirlwind world of AVAX/USD trading, and boy, do we have a tale to tell! So, picture this: just before the previous bull cycle decided to call it quits, we found ourselves face-to-face with the neckline of that trusty harmonics pattern we stumbled upon back in 2022. Talk about timing, am I right?
But alas, the price took a nosedive, crashing through support like a bull in a china shop, landing smack dab in our cozy $10.00 - $13.00 loading zone – just as we predicted. Ah, sweet validation!
Now, here's where the fun really begins. We noticed some fib levels doing a little dance, perfectly aligning with important structures on the higher timeframes. And guess what? The pièce de résistance was our neckline, serving up some serious pivot point potential. Could this be our ticket to another entry? Oh, you betcha!
Ideally, we're aiming to swoop back in at the 88% fib level – that's right, a cool $24.00. But hold onto your hats, folks, because the 78% fib level is throwing some unconfirmed structure into the mix, potentially stirring up some resistance. But fear not, my friends, because we've got not one, not two, but three pieces of evidence supporting our case for the 88% + structure as the ultimate entry point. Talk about a triple threat!
Now, let's talk strategy. Dollar-cost averaging is our best friend here, especially when we're investing in a project we know and believe in. And hey, remember folks, fundamentals always trump technicals. Ain't that the truth?
As for targets, we've got our sights set on that previous ATH of $130.00 – a lofty goal indeed. Feeling adventurous? How about a leap of faith to the $300.00 level? Hey, a trader can dream, right?
So, there you have it, fellow adventurers – another day, another crypto rollercoaster ride. Buckle up, keep those memes close, and may the crypto odds be ever in your favor!
Keywords: Avalanche (AVAX), trading analysis, crypto humor, bull cycle, harmonics pattern, fib levels, support levels, resistance levels, dollar-cost averaging, investing, fundamentals, technicals, trading advice, ambitious targets, meme culture.
AVAX/BTC - Avalanche: Falling Wedge◳◱ On the $AVAX/ CRYPTOCAP:BTC chart, the Falling Wedge pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.0008353 | 0.0009121 | 0.0010296 and support near 0.0007178 | 0.0006771 | 0.0005596. Entering trades at 0.0007576 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Avalanche
▣ Rank: 12
▣ Exchanges: Binance, Kucoin, Huobipro, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0007576 ₿
▣ 24HVol: 53.740 ₿
▣ 24H Chng: -0.864%
▣ 7-Days Chng: -8.80%
▣ 1-Month Chng: 18.66%
▣ 3-Months Chng: 29.70%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0008353 | 0.0009121 | 0.0010296
◢ Support: 0.0007178 | 0.0006771 | 0.0005596
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 3.20
▣ Last 90D: 1.75
▣ Last 1-Y: 1.67
▣ Last 3-Y: 0.74
◲◰ Volatility :
▣ Last 30D: 1.14
▣ Last 90D: 0.96
▣ Last 1-Y: 0.83
▣ Last 3-Y: 1.16
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.88 - V. Bullish
▣ In-depth AVAXBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Analyzing $AVAX's Struggle in the $51-$56 RangeThe current price of Avalanche ( CRYPTOCAP:AVAX ) is poised to face resistance as it approaches the $51 to $56 range, which has been a challenging hurdle for the past three weeks. Adding to the concern, a bearish divergence identified on the weekly chart indicates that a correction may be imminent.
However, investors looking for long-term gains may find value in the immediate support level between $45 to $50, as it presents an ideal opportunity to accumulate. It is worth noting that a shift in the $39 support floor to a resistance level could invalidate the bullish Analysis. Additionally, the recent slowdown of Bitcoin and associated sell signals may further impact CRYPTOCAP:AVAX 's short-term price.
CRYPTOCAP:AVAX has recently exhibited a significant increase, surpassing the psychological threshold of $40 in late December. However, the price rebalanced in the range of $22 to $31, thereby leading to an accumulation zone. As a result of this accumulation, the price of CRYPTOCAP:AVAX has surged by 140% in just under two months.
In this instance, the Avalanche price has already declined by 19% from the recent local top of $65, and more losses are anticipated. The first accumulation zone, extending from $45 to $50, represents the immediate imbalance, which is roughly 5% to 10% below the current level of $53.
If history repeats itself, a dip in this zone may generate enough buying pressure to break through the $51 to $56 resistance zone and test the next significant hurdle at $80. This level represents the midpoint of the previous bearish market for $AVAX.
AVAX/USD/AVALANCHE UPDATEDThe previous idea on last December price 47$ of CRYPTOCAP:AVAX and I am expecting to be redistribute after the 60$ but I was wrong about it, since the surge continues, Now the CRYPTOCAP:AVAX can clear this highs of 100$. But this idea is too speculative, I am not sure either if price can go there.
But this is crypto all things works once the public buying it. anyone here has the spot of 17$ a share last dip can still win or ride the 100$..
This is not a financial advice.
Only Gods and the dead can seem perfect with impunity""
📈AVAX Analysis: Consolidating Between Key Levels💎🔍Today, I'm analyzing AVAX, which is currently consolidating between the levels of $58.40 and $47.72 after an upward move. Presently, it's hovering around the support at $53.12, approximately the midpoint of the range.
⚡️Following a fakeout above $58.40, the trading volume has gradually decreased, indicating ongoing consolidation.
📉For short positions, the primary trigger lies at $47.72, although $53.12 presents a lower-risk alternative. Conversely, $58.40 serves as a suitable trigger for long positions.
💥The RSI indicator is holding support at 36.53, suggesting bearish momentum upon its breach.
🚀The Fibonacci retracement aligns the 0.618 level with the support at $47.72, with the price currently above the 0.382 level.
✅A breakdown below $53.12 could encounter resistance at the 0.382 and 0.5 Fibonacci levels, potentially hindering further downward movement.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
AVAX: buy in low renge📊Analysis by AhmadArz:
🔍Entry: 53.42
🛑Stop Loss: 52.33
🎯Take Profit: 54.45-55.62-57.28
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Avalanche: Bounced Off ⛹️♂️AVAX bounced off the upper edge of our blue Target Zone (between $50.42 and $41.83). Although the low could already be in place, we still primarily assume a deeper dive into our Zone before the low of the blue wave (ii) is set. Traders could use the range to open long positions. To minimize risk, they could place stop orders about one percent below the lower end of the range. A drop below the Zone would trigger our alternative scenario (27%), which still sees the price in the turquoise-colored wave alt.2. This move would reach the same-colored Target Zone (between $29.30 and $17.48).
The trend is your friend! Landwolf on #AVAX is breaking out again.
Please #DYOR
no really DYOR
there's many Landwolf's , many knockoff coins.
I am under the impression THIS is the REAL coin as chosen by the market.
And listed on MEXC exchange.
The NEW OFFICIAL mascot for #AVALANCHE!!!
:))))
Either what a great chart
Don't get burned ... can you hop on and not get burned at this stage??
Depends .... how crazy you think this market will get.
AVAX/USDT Potential continuation the upward movement for AVAX!💎 AVAX has recently shown significant market dynamics, rebounding from the support area, suggesting a potential continuation of its upward movement towards the resistance level around $65.5.
💎 This resistance area corresponds to a previous higher peak, and a breakout above it could pave the way for further gains, the probability of reaching our target supply zone area.
💎 However, if AVAX faces rejection at the resistance area, there's a possibility of a retracement to test the support region between $50 and $47.
💎 When AVAX approaches the support area, it's essential for it to bounce, given the area's significance. Failure to hold this support level could lead to further downward movement, potentially testing lower support areas. If AVAX breaks below this support, along with the trendline support, it would confirm a bearish trend, signaling further downward movement.