Avalanche Long TermThe chart shows us an immense accummulation zone around 10-11$.
But, if Avax drops below 9$, it can go straight to 3-4$ zone in case btc drops 15-20% from here.
DCA and hold for long term.
AVAXUSD.P trade ideas
Will AVAX Prices Sustain Above $10?
AVAX coin prices hold strong at the $10 psychological support.
A falling channel pattern is observed in the 4-hour chart, indicating a bearish phase.
The coin has lost 37% in two months, dropping from $15.99 to $10.
Multiple support levels between $16 and $10 have been broken.
The $10 demand belt is under significant selling pressure, with bearish indicators in both 40-hour and weekly charts.
A descending triangle is evident in the weekly chart.
The $10 zone has historically been a strong support, helping AVAX reach a height of $151 since 2021.
A 46% drop in the last three months signals potential bearish activity.
If prices fall below $10, they could potentially reach as low as $6.20.
A close above $11.19 could initiate a recovery phase and channel breakout.
AVAX: Flush before we FLYYYAlt coin reckoning to commence soon...
$4.20 is a meme therefore it must happen haha
What Are The Chances Of AVAX Bouncing Back From $10?
AVAX coin warns of a breakdown below $10.
Falling wedge pattern observed in AVAX's daily chart.
RSI at its lowest in 2023 indicates high selling momentum.
Intraday fall sees AVAX price dip to $9.91.
Closing below $10 could amplify bearish sentiment for Avalanche.
AVAX's YTD loss stands at 7.93%.
Daily RSI shows signs of bullish divergence.
Selling pressure might push AVAX to the falling wedge's support trendline.
Potential recovery could see AVAX bounce back to $12.30.
Bullflag above resistance on daily! watch this pair on the hourly/4h for a break outside of the triangle its in it looks like a very strong chart
good luck!
How Low Can AVAX Prices Go?
Rapid Drop: AVAX coin prices have dropped rapidly in the bearish market, bottoming out at $10 for now.
Lowest Daily Closing: The AVAX price closed at $10.58, the lowest since late 2021.
RSI Levels at Lowest: With the RSI levels at their lowest in 2023, the selling momentum has reached a new high.
Crushing Correction Phase: After a remarkable recovery in early 2023, AVAX entered a severe correction phase, failing to find support at crucial levels.
Bounce Back and Reversal: Bouncing back from $11 in June led to a 32% gain, but higher price rejection caused a more severe correction.
Breaking Support Levels: AVAX price broke multiple support levels, including $12.15, dropping to $9.90 before closing at $10.58.
Retest at $10.78: Following multiple bearish candles, AVAX retested the $10.78 mark, vaporizing the YTD growth and resulting in a 1.15% loss.
Bollinger Band and RSI Indicators: The falling prices stretched the bottom support of the Bollinger band, with stochastic RSI preparing a positive crossover and the RSI line dropping to its lowest in 2023.
Sustainability Above $10: Intense selling and market conditions may lead to further decline if AVAX drops below $10, but lower price rejection indicates readiness to buy the dip.
Potential Breakdown or Recovery: In a prolonged selling phase, the price could reach $9.60, while closing above $11.19 may trigger a recovery phase.
AVAXUSD (1H) - Hi Traders
AVAXUSD (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 11.06 support level. Only the upward break of 11.50 would cancel the bearish scenario.
Trade details
Entry: 11.06
Stop loss: 11.50
Take profit 1: 10.80
Take profit 2: 10.38
Score: 8
Strategy: Bearish breakout
Avalanche summit path: Down before we climb heights to glory!History doesn't rhyme but it often repeats.
Technical Analysis:
Rejection from 21W EMA & 20W SMA
$11 repeat support tests will eventually breakdown, especially with Q3 and Q4 being historically poor performance for alt coins. Side this with actual recession now going to play our as opposed to initial fears.
Worst case scenario; $4.20 (hehe) as strong support line. If it does reach here... Time to start going all in (not actually, I mean leverage, possibly 3x max)
Looking at market cycle, we've have two LL's so far but are yet to see the 3rd LL (depression phase). With shitcoins still pumping in this market environments (monetary tightening and reducing liquidity) greed has not been flushed yet. Moreover, looking at the last crypto market cycle, alt coins went into a bear market for approximately 750 days, it's still to soon yet to call the bottom. Always hard to say but not a bad idea to nibble DCA in case we do somehow go on a tear up. It's a wild rodeo in crypto markets.
Fundamentals
Here are some of the best fundamentals for an increase of the AVAX token:
- Strong partnerships and adoption. Avalanche has been partnering with a number of major companies and organizations in recent months, including Amazon Web Services, Deloitte, and the U.S. Department of Energy. This adoption is a sign of confidence in the Avalanche platform and could lead to increased demand for AVAX tokens.
Growing DeFi ecosystem. Avalanche has a rapidly growing DeFi ecosystem, with over $10 billion in total value locked (TVL). This growth is being driven by a number of factors, including the low fees and fast transaction speeds of the Avalanche network.
- Scalability and speed. Avalanche is one of the most scalable blockchains in the world, capable of processing over 4,500 transactions per second. This makes it a good choice for applications that require high throughput, such as DeFi and gaming.
- EVM compatibility. Avalanche is EVM-compatible, which means that developers can easily port their Ethereum applications to the Avalanche network. This makes it a more attractive option for developers than other blockchains that are not EVM-compatible.
- Active community. Avalanche has a large and active community of developers and users. This community is constantly building new applications and projects on the Avalanche network, which helps to drive demand for AVAX tokens.
- Positive Regulatory Environment (AVAX itself). A favorable regulatory environment in key markets can boost investor confidence. If regulators in major countries provide clarity or positive guidelines regarding the use of Avalanche or AVAX, it can lead to increased investor interest.
Tokenomics
- Limited supply. There is a maximum supply of 720 million AVAX tokens, which is a relatively small supply for a major cryptocurrency. This could help to drive up the price of AVAX tokens as demand increases.
- Staking rewards. AVAX tokens can be staked to earn rewards. This staking mechanism helps to secure the Avalanche network and also provides a way for investors to earn passive income from their AVAX tokens.
- Fee burning. All fees on the Avalanche network are burned, which reduces the circulating supply of AVAX tokens over time. This helps to increase the scarcity of AVAX tokens and could drive up the price.
- DeFi ecosystem. The Avalanche DeFi ecosystem is growing rapidly, and this could lead to increased demand for AVAX tokens. As more DeFi applications are built on Avalanche, more AVAX tokens will be needed to pay for gas fees and other transactions.
- Institutional adoption. Avalanche is starting to gain traction with institutional investors. This could lead to increased demand for AVAX tokens as institutions start to allocate capital to the cryptocurrency market.
Overall, the tokenomics of AVAX are designed to support a rising price for the token. The limited supply, staking rewards, fee burning, DeFi ecosystem, and institutional adoption are all factors that could drive up the price of AVAX tokens in the future.
Investing/Trading
I love asymmetric returns. How can you resist 20x returns to ATH and 75x returns for bullish case scenario?
As my favorite crypto guy says
"Time is on our side" - Benjamin Cowen
AVAX Forecast: Cloudy Week Ahead ☁️ - Bearish OutlookAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like AVAX may encounter more ☁️ clouds over the one-week horizon, implying a downside risk.
Follow us for more crypto weather reports!
Closer To $12, Is AVAX Planning A Bounceback This Month?Ongoing Downtrend: AVAX coin price has trended lower, experiencing a 19% drop under a strong resistance trendline.
Broken Support & Fibonacci Level: A break in crucial support trendline and the 61.80% Fibonacci level highlights a rise in selling pressure.
19.24% Below Swing High: The AVAX price is significantly below the previous swing high of $15.59, resulting in lower high formations.
Challenges at $12.87: Buyers failed to hold prices above $12.87, testing bullish dominance at the 78.60% Fibonacci level at $12.13, but managed a bounce back.
Recent Price Movement: AVAX prices are up by 1.55% in the last 24 hours, continuing to challenge the resistance trendline.
Mixed Technical Indicators: The Stochastic RSI indicates potential reversal, moving towards oversold territory, but MACD lines show a bearish crossover.
Potential Outcomes:
Optimistic Scenario: If recovery breaks the resistance trendline, AVAX prices could reach $14.
Pessimistic Scenario: A breakdown of the 78.60% Fibonacci level at $12.13 might result in an 8% fall to $11.19.
03/08 AVAXThis is just a brief charting of AVAX, only using trendlines and Support and Resistance.
Im also using EMA to understand that it is in the downtrend however, it could break to the upside of the pattern since the 4HR support line is really strong.
Please take a look and add any comments
AVAXUSD [2h] Getting ready to reboundAs you seen on graph big down trend over and developing up trend getting ready; even price very below middle line of up trend. So time is good for ~16.5 and then ~22 band
Avalanche Oversold Oscillators On The 4 Hourly!Oversold on MACD, RSI, and Stochastic RSI on the 4 hourly time frames. All 3 major oscillators in trough zones. First targets $14.00. Could drop in the lower $12 region though. Anything below $14 is a nice buy for Avalanche. Much peace, love, health, and wealth!
AVAX run the highs before going lowerA large amount of shorts have opened here and along with FED increasing interest rates there's a lot of fuel waiting at the highs. General trend is still bearish so would be cautious of price taking out the previous low.
AVAXUSD Long Trade Target 31$The AAVAXUD pair breakout from the downtrend stabilizing right above CC Fib (0.618 and 0.66). Next, we are looking at a closed above Anchored Vwap & NPOC both coming at 16.9 USD. Any close above that will start an impulsive move up to the levels described on the chart. We are looking at the high of the range coming at 30$. The bases for the Analysis is the Fixed rage volume profile, Weekly candles are constructed based on fractals for liquidity and the structure is based on previous break out.
Note analysis is done on a Weekly time frame.
This is not a Financial Advice just my analysis and trading plan.
16.94$ A small TP 1 and move stop loss to Neutral. Anchored VWAP and NPOC
22.72$ TP 2 - VAH of the Range.
Any close above 22.85 above the parallel channel I am looking at TP 3 and final.
30$ is VAH TP 3
Then I will wait for a retracement to the CC levels and possibly a New yearly High.
AVAXUSD: testing the 1D MA200 and top of 6 month Channel Down.AVAXUSD hit today the 1D MA200 for the first time since May 8th and almost reached the top of the Channel Down pattern. With the 1D timeframe turning bullish (RSI = 67.628, MACD = 0.250, ADX = 21.860) but the RSI also at the top of its own Channel Down, we want to get a confirmation of a breakout before buying and that will be above the R1 (17.6000), otherwise we will wait for a 1D MA50 retest. Either way, our medium term target is the R2 (TP1 = 21.5000) and long term the R3 (TP2 = 30.8000).
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Crypto Analysis - AVAUSD Bearish TrendCrypto Analysis for Avalanche/USD, according to the LH's and LL's projected, I expect the trend to stay bearish.
Flag - tgt 15.2We are finding support from the VPOC and 21D EMA. Impulse wave consolidation ABC seems complete and has made a falling wedge. Dip back to the yellow TL for liquidity pickup is possible, but i would consider continuation to the orange TL and hopefully the flag tgt more likely. Hopefully after the flag tgt is met, we will consolidate above the orange TL for a backtest of the breakout.
BULL HARMBullish harmonic with price action coming up on the main TL. VPOC is around 17.30. Major double bottom is present around the 10.50 level.
✴️ Avalanche | Cypher, Bat or Harmonics?I don't know about this pattern... The bullish bat, the cypher pattern, harmonics pattern, gartley, butterfly, crab, it has a hundred names... I don't know, I know it works pretty good when it shows up but I just don't know the maths of it...
The blue one on the chart.
First, let me apologize for keeping you waiting, I've been away for a few hours as I was meditating, you know I am very meditative, but this is great because it gives me a better perspective of the charts.
Long story short, Avalanche turned everything green and please, ignore the pattern on the screen.
AVAXUSD just closed above EMA50... While you might be thinking, "Yes, big deal, so what?"
Hold on... It moved above EMA50 for a while in March as part of a correction but the last time this pair moved above EMA50 to the upside after the end of a correction was in January and this lead to a more than 111% bullish wave. This is where we are at now!
You see... A big deal.
Since we have a higher low, this new bullish wave can do the same as before or even more.
Namaste.
Disclaimer: All the information shared here is for your entertainment and learning purposes only. None of it should be construed as financial advice.
AVAXUSD Crossed over the MA50 (1d). Buy signal.AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th.
Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 19.1500 (Fibonacci 0.786).
2. 21.5000 (Resistance 3).
Tips:
1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone.
Please like, follow and comment!!
✴️ Avalanche Becoming Stronger, Bullish Bias StrengthensAvalanche can be seen with a small cup and handle pattern, trading above the moving averages ema21 and ema10.
This is still consolidation before the major bullish breakout.
After the low 10-June we get a bounce and a retest of support. With support tested, we see consolidation above resistance that can lead to a sudden jump anytime.
It can literally surprise and go from two weeks of small/sideways candles, to big strong candles typical of Cryptocurrency bullish waves.
Needless to say, this information is supported by the indicators being bullish and a long-term high lower.
The targets can be seen green mapped on the chart with potential ranging as 30% and 115 in the short-term. Medium and long-term much more.
Namaste.
