Avaxanalys
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 !
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#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.
40% positive, or 15% negative🔵The blue line is the entry price (enter a little late)
🟢the green line is the target (do not forget to collect profit)
🔴The red line is the loss limit (do not forget capital management)
⚫️The black line is the probable path (it may not be)
⚠️Have capital management
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💰Be in profit💰
Avax updateAfter hit first target and creating inverted head and shoulders,
There was a pullback and again bounce back from 66-68 levels
But I think at current cmp (70-72) level it won't go directly to our second target 🎯
I assume a sideways for next few hours, halting near to 72 level it can create a buildup to push the price further towards 82
Is AVAX another SOL in the works? L1 solutions saw crazy gains this week despite the rest of the markets taking a dump. We picked out AVAX as a potential contender to SOL and LUNA and a similar move could happen for this pair.
BULL CASE
It looks ready to move up from here. Our price target for this pair is around the 230 level
BEAR CASE
If price takes farther dump, we see $20 as a strong area of support.
AVAXUSDT look bullish!
AVAXUSDT (4h CHART) Technical Analysis update
AVAX/USDT Currently trading at $44.73
Buy-level: Above $45
Stop loss: Below $39.90
Target 1: $51
Target 2: $56
Target 3: $62
Target 4: $68
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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AVAXUSDT - AVAXBTC - AVAX LONG ENTRY - STL - TP on picture
TP of me . And TP of you , i don't know
You can buy more if price lower entry
" High risk scaling consider when entering orders "
Wait to entry no buy price now if price done TP2 , We cancel this order !
THIS SHITCOIN BUY 20% $ TOTAL ACCOUNT
I am fomo following the recent pump dump events