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AVAXUSD

(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: $33.45
by CoinGape
AVAXUSDT in coming daysHi every one AVAX/USDT AVAX/USDT has formed a Big Rounded Bottom ! as you might know when we see a Rounded Bottom we can see a Incoming Bullish Movement In the Future! But the Price has yet to do a Massive Bullish Movement Due to the fact that the Price has not Managed to break this pattern yet And when it manages to Break the rounded bottom we can be sure the Price will Increase as much as the Rounded Bottom width. first It must break 20 resistance and In mid Term The Price can reach 40$ again! -AVAX/USDT is in a Rounded Bottom. -Massive Bullish Movement is coming -It still need time to do A massive Movement(still in the rounded bottom) -resistances are 20$ and 40$. 💎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
16
The best opportunity of the year to buy AVAX is almost hereWith bitcoin failing to sustain its support all altcoins have a downtrend momentum. One of the biggest opportunities for high ROI and somewhat of low risk comes in the form AVAX. Overall AVAX has outperform must of their peers. Also, over the year Avalanche has achieved many goals and they have more to come in the near and far future. It is a really young blockchain with great potential of becoming a key player in the next 20 years. Moreover, they have a solid and strong community that is constantly growing and compering to december 2020 they have 6x the number of followers in twitter and 10x the number of members in reddit. In the coming days we will have the best prices to buy AVA. After the accumulation face it will return to its ath and by the end of the cycle we will see an even higher price. Hope you find this helpful
by QuantumRod
3
AVAXUSD BUY/LONG NOW READ 19.00 - 70.00TICKER CODE: AVAXUSDT Company Name: AVA Labs Industry: CryptoCurrency - Blockchain Position Proposed: BUY Technical Analysis 1. Large Falling Wedge (Completed and Retraced) 2. Fibonacci Retracement to reach 0.786 ( Silver Zone) 3. Area of Confluence with 1 Trendline, Horizontal Support and EMA 200 4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range Buy Entry: NOW ACTIVE (19.00) - Still able to enter but NOT at an optimal price and the market may still test lower before the rise. 1st Partial Take Profit: 70.00 (End June - Early August 2021) - Note that I would consider Full Take Profit Here 2nd Partial Take Profit: 100.00 (End 2021) Stop Loss: 12.00
Long
by traderprosignals
Avalanche [AVAX] Pennant formationHi everyone, It looks like Avalanche is currently trading with a triangle formation. The main bullish trend we are looking at is likely to continue We are still waiting a solid breakout that can be confirmed with the right price action and volume . After breakout, potential resistance can be found near the fib. cluster setup as highlighted in the chart. Breaking this resistance could lead to a ATH retest 🌜 If you enjoy this idea, please like and leave a comment 🌜
by M00N_BEAMS
7