AVAXUSDT : Are you ready to wake up ?In 4h chart
It is trying to break out the triangle ,if it stand firm above neckline 73.01 that will make double bottom completed ,trading strategy as below .
SL:60.09
TP1:79.79
TP2:92.73
TP3:97.96
TP4:109.19
TP5:127.36
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AVAXUSD
Avalanche Launches $220m avax usdt chartAvalanche Launches $220m ‘Blizzard’ Fund, Set To Boost DeFi & NFTs
The Avalanche Foundation, the principal organization behind the development of the Avalanche blockchain, has launched a new $220 million fund aimed at supporting the growth of decentralized finance, enterprise apps, NFTs, and culture applications.
The fund has been named ‘Blizzard’ and is created to support emerging use cases such as security token issuances, liquidity providers, and self-sovereign identity. According to the Avalanche Foundation, several distinguished venture capital firms have pooled together to contribute to the fund, among them are Ava Labs, Polychain Capital, Three Arrows Capital and Dragonfly Capital.
AVAX LONG Looking to add in AVAX here due to some personal insights. Looking at the charts we have some nice respected levels, and retests. Moving down onto 4hr we have a fibb set up, 78.6% wicked and moving away from the 61.8%, just peaking through the resistance so hopefully we can continue through, retest the level and continue.
AVAX - 2 targets, both BULLISH! Do you like high speed, low transaction fee, layer 1 competitors to ETH that also offer compatibility with the Ethereum Virtual Machine and have bullish as F charts? Well, this is the token for you :-) Solana and Avalanche are my faves this cycle. AVAX looking to break out. Don't miss out ;-) This is of course, NOT financial advice :-)
AVAXUSDT - Great timing for entry!BYBIT:AVAXUSDT
4H trend chart
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AVAX is consolidating in a descending wedge after hit the support zone.
Now it has broken the downtrend line, if price can be keeping here, trading strategy as below.
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Profit Targets:
a) 69.18----Fib(1)
b) 73.51~75.26---Fib(1.272~1.382)
c) 79.01-----Fib(1.618)
Stop losses:
a) 61.94-----Red horizontal ray
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AVAX/USDT ChartAVAX with a bullish pattern right now. The coin might correct to 57$-59$ range, but I don't see it crashing, since the coin is already correlated with the RSI. In my opinion a entry position right now in AVAX is worth it, since we can expect the coin to get to 70$ in the next few days. What do you think? Comment, like and follow. Please, don't take his has a financial advice.
Solana technical analysis* Solana in 1D time frame forms a Symmetrical triangle
* Symmetrical triangle appears when the price consolidates between two trend-lines slightly sloping towards each other.
* Here the below Ascending trendline works as support for the price and the above Descending trendline as resistance
* If SOL breaks the above trendline we can see continuation of the trend.
AVAX - potential trade ❗❗AVAX is near its trend line. Additionally, we see a squeeze, which is a good signal for a breakout and continuation of the rise. Good buying opportunity will be after a breakdown or retest of the trend line as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Will AVAX break out the level 0.618 ?In AVAXUSDT 4h
It tried to break the Resistance but fail.
The price went down and look for support again .
If the support completed that can make right shoulder of the potential double bottom .
If it can break out the neckline (62.11) and brealish channel
*the neckline is so close to level 0.618,
so use level 0.618 is ok
This is just a trading plan ,it has not happened yet !!!
SL: The right shoulder
TP1:79.8
TP2:92.74
TP3:97.97
TP4:109.20
TP5:127.37
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