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AVAXUSD

AVAX'S RALLY IS NOWHERE NEAR THE FINISH LINEMACD is about to exhibit a bullish cross to catapult the price above the trend line. EMA50 might prove to be a strong support to hold the price in the event of a retest. The volume is significant. The descending triangle is USUALLY a bearish formation; however, it is a continuation pattern as well. Considering the bullish nature of AVAX at the moment. I am on the continuation side of the fence. AVAX has the punch to pull it off.
Long
by Djawad_Afsharirad
3
💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (42.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 46.68 TP2= @ 52.28 TP3= @ 58.97 TP4= @ 68.43 TP5= @ 80.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
What is Support and Resistance?If you have ever looked at a chart or made a trade then you have most likely heard of support and resistance, but everyone has their own approach to identifying and trading it. What is it? Support is an area where there is a surplus of buyers. When price enters this area the buying pressure is stronger and price increases. Resistance is an area where there is a surplus of sellers. When price enters this area the selling pressure is stronger and price falls. How is support and resistance formed? As price moves up buying pressure will gradually decrease until the selling pressure becomes the dominant force. When this happens, the area become resistance . When the selling pressure is stronger than the buying pressure the price will start to retrace (also known as a pullback). Price will continue to retrace until buying pressure becomes the dominant force again. When this happens, the area becomes support . How to plot support and resistance You’ll often see support and resistance plotted as a single thin line on the previous low or high. It is important to remember that support and resistance are areas not exact numbers. Buy and sell orders will be scattered throughout the area, not just on the exact high or low, so we should draw our support and resistance as an area, not a single line. How to trade support and resistance Trade the bounce Buy when price bounces on support Sell when price bounces off resistance Trade the break Buy when price pushes through resistance Sell when price falls through support Important things to remember When price breaks through an area of resistance, that area has potential to turn into support. Likewise, when price breaks through an area of support, the area has potential to turn into resistance. Price will often revisit an area of support or resistance multiple times. The more times this happens, the weaker the area becomes and the more likely price is to break through. This happens because every time price visits that area the orders are absorbed, and the next time it visits the area there are fewer orders. Fewer orders make the area easier to break through. Share your thoughts in the comment section below. Happy trading!
Education
by ForgeTrades
4
AVAX Forms Falling Wedge Pattern, Is A Bullish Breakout Imminent-AVAX has fallen over -30% the last week -Price has formed a falling wedge pattern -100MA continues to act as support Avalanche had an amazing run the last few weeks as prices surged over 200%. This price movement put AVAX at a new high for the first time in many months. Investors have been taking a bullish stance on AVAX as it aims to solve a major problem within the crypto space. The solution AVAX offers is a highly scalable & efficient blockchain that allows for DeFi & Dapps to be built upon it, similar to ETH. It also offers a bridge from the ETH blockchain to its own, which is a great solution for interoperability. 

While looking at the last month of price action , we can see AVAX has held a trend line very well. AVAX just bounced off this trend line a couple days ago & seems to be heading for another potential bounce. Over the last two weeks, AVAX has formed a bullish falling wedge pattern (shown in blue). If bulls manage to break & hold this falling wedge, price will then have to battle it out at the minor resistance of $48.10. If bulls clear this, the major test is at the resistance zone from $53-$58. If AVAX can clear this zone, it will be off for a new high. 

 Considering that Avalanche is nearing its mid term trend line, we have to be weary of a potential break below. If bulls fail to provide a bounce on this trend & AVAX breaks to the downside of its falling wedge pattern, we should expect a fall to the major support zone at minimum. Before this can occur, bears must pull AVAX below the 100MA which has held price up for over a month now. If all these marks get taken out, we should expect $30-$35 to come fairly soon. 

 While looking at the Stochastic RSI, we can see strength just attempted to break into the overbought region but was quickly rejected. As long as strength can stay above the 50 value, AVAX is in position to go on to break its falling wedge pattern. The MACD is showing bullish signs as it has formed a bottom curving formation over the last few weeks. Once the MA’s clear the 0 value, AVAX should launch back to its major resistance zone. 

 AVAX Intraday Analysis Spot rate: $41.95 Trend: Neutral Volatility: High Support: $41.92 Resistance: $48.10
by CoinGape
3
AVAX why i suggested long entries from support hi, In graph you can see there was a power structure from 0-A as soon as it hitted the resistance seller pressure come in and come back strong and as soon as power structure hitted the support there was always a scenrio buyer pressure will came in it will be rejected and then there will be an opportunity to buy , if we see higher low higher lows higher lows then there is always a chance than it will goes down because at every higher low there is a selling pressure and eventually it will goes down or it is forming a higher high higher high it means at each high there is buying pressure so it will eventually go to hight there is strong probability of that . But when you see a strong structure up then 90% chance is there that is will be rejected from a strong resistance there will come a strong selling pressure and will goes down and same in the case of power structure down as in this case it hitted the support and goes up so if you buy it with me as I did in this then enjoy the profits comments below your thoughts check my previous analysis and decide yourself how they goes
Long
by ProfessorMH
AVAX Pulls Off Monthy High, Have The Tides Turned Bearish?
-AVAX is up nearly 30% the last week -Price just bounced off mid term trend line -RSI prints hidden bullish divergence 
Avalanche has been one of the best performing coins in the month of August. Prices have risen nearly 300% since the start of the month as investors have taken a strong bullish stance on the potential use cases of the AVAX technology. AVAX presents a highly scalable smart contract blockchain where they aim to allow any user to exchange and build Dapps in a completely decentralized way. The activity of the Avalanche blockchain has skyrocketed over the last month as countless teams have launched their own projects on the network. 
 Since the bottom was set in late July, bulls have pushed AVAX nearly 400% higher in only a months time. After such a large surge, a retracement is likely to come as some point. By the looks of the last few days of trading, AVAX making a new high might depend on BTCs price action. If Bitcoin continues dropping towards $40,000, AVAX will have a hard time breaking the $58 mark. In the case BTC stays steady, Avalanche must break & hold the $48 mark along with the major resistance zone found from $53-$58. If bulls manage to pull this off, AVAX will go on to set a new ATH. Since AVAX hit its high of $59 3 days ago, price has been falling ever since. At the time of writing, AVAX just bounced off two very important markers. The first being a mid term trend line that Avalanche has held its entire uptrend ever since its low was set. The second being the 55MA which has also acted as support ever since the low of $9 was set in late July. If bears succeed in pushing AVAX below these two marks, AVAX will then likely be in a confirmed downtrend. Price will first find support at the major support zone of $33-$37. Anything below this zone will lead to a -50% drop off monthly highs. While looking at the Stochastic RSI, we can see its been stuck within the oversold region for nearly 2 days. A strong push above the 20 value along with a break of the downtrend line Is needed for AVAX to start a strong revival. Viewing the regular RSI, we can see a hidden bullish divergence has formed. This is a bullish sign that AVAX may rise back near the $50 mark. A strong break above the 50 value will confirm this. 
 AVAX Intraday Analysis Spot rate: $44.60 Trend: Bullish Volatility: High Support: $41.92 Resistance: $48.10
by CoinGape
AVAX the next big thing ? touches all time high ? what next ?Hi, I have seen a lot of you was asking about the AVAX avalanche you can say, It surprises everyone with a growth of 400-500% in a month. As it touches ATH and gaining the attention of masses and have a probability of going to 150+ in coming months, because of strong volume and protocols So if you get a chance which will you get eventually buy it around 38-40 and hold it until it gets around 100+ which give you 100X profit and it shows his potential during last month, if it goes down buy it around 30 as well and hold it, it will be best scenario if it goes to around 30 but first, you have to see the bull reactions at 38-40 range and volume indication will clear the directions but you to buy in part at every situation If it goes to my level I will definitely buy it
Long
by ProfessorMH
5
Avalanche (Avax) Update: Since the Buy signal from the ema and sma cross signalled on the 1st August, Avalanche (Avax) has been on a impulsive parabolic run, gaining over 400% in just over 24 days. Currently Avax is 10% from the ATH price @ $59.74, the price next target from here is at the 127.20% fibonacci level @ $73.49, 34% from the current price level. Please see previous analysis below. Happy Trading :) Avalanche (Avax) Update 21/03/21, be patient 63%+ Gain to ATH $59.7. $AVAX Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market! Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70. Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :) Key Notes on this project: Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem. Capped Supply An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
BITFINEX:AVAXUSDLong
by CryptocurrencyMagnet
(update) AVAX can reach 40$ after a pullbackHi every one AVAX/USDT This is an Update on the last analysis of AVAX. you can see That The Price has managed to Break this pattern successfully but there should be a Pullback to the new support which has been created recently .after that the price can reach around 40$ easily! Previous Analysis: 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
15
Avalanche Surges to Multi Month High, Can Bulls Continue ?-Price has risen nearly 120% this week -The 50MA has held price up the entire run -Bulls now have to battle major resistance zone AVAX was consolidating within an ascending channel over the past 3 weeks before bulls came out & pushed price above the top trend line. Since the trend line break, AVAX has exploded to multi month highs. As BTC has been consolidating the last few days, many alt coins have had a chance to push to new highs that haven’t been seen in many months. As long as BTC stays steady, alt coins will continue to run. BTC & other large cap coins set the stage for a large scale market revival which has occurred since August 1st. While looking at the ascending channel that price was stuck in the last few weeks, we can see how hard the consolidation was, which is what allowed AVAX to go parabolic. Once bulls managed to breakout of the top trend line, AVAX was set free and spiked almost 80% In 2 days. At the time of writing, price got stopped out at a major resistance zone found at $33.45-$37.24. If bulls regain their strength & break and hold this zone, Avalanche will be in for another spike. We can expect prices to hit the given target of $41.91 & potentially $48.10. At the time of writing, AVAX is being supported by a major support level found at $29.29. In the case bears assert their dominance & push AVAX below this support, we should expect a -15% fall to the next major support of $24.47. This would be a healthy scenario & nothing out of the normal as AVAX is up nearly 120% over the last week. The 50MA has held prices up ever since the uptrend started , so we can expect this to stay true. As long as price is above the 50MA, Avalanche is in a bullish state to potential hit the next given targets. While looking at the Stochastic RSI, we can see how it has been respecting a trend line over the last few days. If strength fails to hold this trend & breaks below, we should expect similar retracement to occur on the price as it would lose much strength in its current position. The regular RSI also looks very similar as a trend line has supported it the entire ride into the overbought territory. Any break below this trend will break the uptrend & will result in price to fall to the major supports given. AVAX Intraday Analysis Spot rate: $29.89 Trend: Bullish Volatility: High Support: $29.29 Resistance: $33.45
by CoinGape