Update on Price action for AVAXOverview of the AVAX price action so far. where it's been, where it is, and where it's going.
AVAXUSD.P trade ideas
Avax broke out of a consolidation Avax shows strength with a lot of volume and a breakout.
A lot depends on Bitcoin though
That's what you buy when volume start to enter Bitcoin
Is AVAX the next big thing?Could Avalanche AVAX be the next big thing in the Space? Rumors of big players getting in.
Let's try to look at the chart: it seems to be moving very well in the ascending channel. I see an Head and Shoulders there. Looks like it can easily pump 10x. Be careful on this trade, don't FOMO, wait for the break out of the neckline.
This is not a financial advice. Thanks for watching
$AVAX looking for correction?Overall I'm super bullish on Avalanche, but to properly retest S/R level it needs TIME. Huge outside weekly candle is just a volatility, not a proper retest. Once stops are taken, we will absolutely rip.
Invalidation: Close above current ATH and continuation of parabola.
Avalanche ($AVAX) RocketAvalanche ($AVAX) with an incredible 119.68% gains in 6 days. BULLS are in complete control
AVALANCHE AVAX/USD Bull Flag Timeframe: D1
Pattern: Bullish Flag
Breakout happened
Levels as described on the chart!
Avalanche ($AVAX) FIBAvalanche ($AVAX) is making some BULL-ish moves today. Breaking above the descending channel and touched $55.81 resistance
Bullish structureHi traders,
AVAX is on its support level. For last few days, It has had bullish market structure even though BTC has made unstable moves.
The price got rejected by MA-200 in 4-hour frame. And It made new higher high, which indicates a new uptrend.
After vertical line, there is a increase in volume. It is also another hint of new trend.
Finally, there is a range as you might see from the chart. Based on the Volume Profile, there is a huge volume concentrated in that range. And the price broke out this range with huge green volume columns.
All of those makes me believe that this might be the beginning of new uptrend.
Apart from those technical hints, Avax may get hyped because of the NFT trend in the market. AVAX is one of the similar projects to ETH and SOL. Hence, we have observed the trend of those coins. They were highly bullish.
In conclusion, I am gonna take two positions. One for spot, and one for swing tradng. Stop Loss level is indicated for swing trading.
I am gonna HODL it for spot until the uptrend is broken. For swing trading, I will probably sell around 59.
Stay safe traders.
A possible Reverse Head and ShouldersHi traders,
As you can see from the chart, the price may form a reverse head and shoulders. In that case, I specified the places where I take a position. My stop level is around 2.57%. This may change depending on your risk level.
I am bullish for AVAX. It is because the volume has been increasing lately where you can observe in daily frame.
Even though it does not form a reverse head and shoulders, I strongly believe that it will go up dramatically because of the NFT hype.
Stay safe.
Avax Long Continuation update"Dont usually use the ghost bars although it can come in handy to provide a quick glimpse of what could easily happen. AVAX = up only imo. Whether it follows this pattern maybe not so acutely but you get the picture."
And theres no reason to not tap liquidity below lows either.
Avax Long ContinuationDont usually use the ghost bars although it can come in handy to provide a quick glimpse of what could easily happen. AVAX = up only imo. Whether it follows this pattern maybe not so acutely but you get the picture.
AVAX, volume combined with wave theory to determine the trendThe following is a machine translation.
The target sees 70 plus
1. The general trend is upward.
2. Wave 2 pullback rebound, now in wave 3. From a wave point of view, the third wave will surpass the first wave.
3. The first wave before the accumulation of a large volume, which can promote the market follow-up rise.
4. Oscillation trend indicator gold fork, macd is about to die fork, combined with the above trend, here macd indicator large probability reject dead fork.
Comprehensive analysis of the above, bullish, probably the way to reach the target price of 70 plus
AVAX trade ideaIdeally want to see this break above and hold before going full ape long.
If it can't, then more downside is on the cards.
AVAXUSD and avalanche whole trendrange side in next months and get lots of energy to bull again in next months
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 $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem.
Capped Supply
An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
AVAX simple flipAs we see AVAX has shown a potential s/r flip on the 1d. This could fill the gap up to 30-33$ with a stop in the 19s. high r:r
