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AVAXUSD trade ideas

Triangle breakout suggests AVAX could gain 18%A triangle pattern, triggered earlier today, indicates that AVAX might extend its recent gains. Interestingly, several "dino" coins have been rallying lately as the MEME frenzy fades. This bullish pattern remains valid as long as the price stays above the $35.54 low. What is your take on Avax? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:AVAXUSDLong
by ThinkMarkets
3
AVAX: Gathering StrengthThe AVAX coin has taken a brief pause in recent days, which we attribute to the substructure of the orange wave (iii). In the short term, the price could revisit our turquoise Target Zone (between $29.30 and $17.48), so we are keeping this range active for now. However, the primary trend remains upward, as wave (iii) should extend significantly higher. Following this wave, we anticipate an interim correction, paving the way for another rally to complete the overarching blue wave (i).
BINANCE:AVAXUSD
by MarketIntel
Six Cryptos Set to Skyrocket! #CryptoScreener🚀 Six Cryptos Set to Skyrocket! 🚀 #CryptoScreener In my latest video, I dive into 32 cryptos flagged by my #HIGHFIVESETUP screener as potential trade opportunities. 🔍 The Results? We uncovered SIX fantastic H5 trade setups that are ready to soar! Featuring: CRYPTOCAP:AVAX , CRYPTOCAP:LINK , and $BTC. 🔑 The Strategy: Setup: Identify promising setups with our H5 screener. Trade: Execute with precision. Profit: Reap the rewards. Repeat: Consistently find and act on new opportunities. 📈 Join me on this journey and see which cryptos are primed for massive moves! Not Financial Advice
CRYPTO:AVAXUSDLong
by RonnieV29
$AVAX 2024 -> 2025 PredictionsAVAX is showing strong bullish momentum as we round out the year. The price is currently targeting $47.30 (1.618 Fibonacci extension) for Wave (3), with further potential to reach $62.66 . These levels also correlate with critical historical highs 45-$51 Zone: Significant resistance from late 2022, where previous price rejections occurred. Breaking above this would confirm a major trend reversal. $62-$65 Zone: This aligns with the peak from early 2022, just before the broader market downturn, making it a psychologically critical level. The RSI suggests there’s still room for upside before entering overbought conditions, providing a window for bullish continuation. Keep an eye on volume and RSI divergence as prices approach historical resistance zones like $47 and $62, which could signal exhaustion or a corrective phase. If bullish momentum persists, AVAX could reclaim levels not seen since its November 2021 high around $146, though this would depend on broader market conditions and sustained macro recovery. For now, $62 remains the critical mid-term target for this impulse wave.
COINBASE:AVAXUSDLong
by Icebrg
Avalanche Foundation Acquired 1.97 Mln AVAX tokens from LFGThe Avalanche Foundation recently took a bold step to reclaim its ecosystem's autonomy by acquiring 1.97 million AVAX tokens from the liquidated Luna Foundation Guard (LFG) for $53 million. This buyback, paired with CRYPTOCAP:AVAX ’s strong technical outlook, positions Avalanche well for further growth in the evolving crypto market. Let’s dive into what this buyback means for Avalanche, its partnership history with LFG, and the technical indicators suggesting where CRYPTOCAP:AVAX might be headed next. The AVAX Buyback The Luna Foundation Guard (LFG) originally acquired $100 million worth of AVAX tokens from the Avalanche Foundation as part of a reserve strategy to support TerraUSD (UST), the algorithmic stablecoin of the Terra blockchain ecosystem. In return, the Avalanche Foundation received $200 million worth of UST and LUNA tokens, signaling a cross-ecosystem partnership intended to strengthen both platforms. However, following the collapse of UST, the Avalanche Foundation faced a dilemma. The 1.97 million AVAX tokens LFG still held became a potential risk, as their future sell-off could create a major price disruption. In response, Avalanche reclaimed these tokens to mitigate uncertainty and reaffirm its commitment to the community. Aytunç Yildizli, CEO and Executive Director of the Avalanche Foundation, expressed optimism regarding this acquisition, viewing it as a reinforcement of Avalanche’s ongoing commitment to growth and development. How the Tokens Will Be Used Avalanche’s reclaimed AVAX tokens will be funneled into initiatives supporting its ecosystem. According to Avalanche representatives, these tokens are earmarked for community grants, ecosystem development, and technological advancements. By using the tokens in this way, Avalanche aims to foster community engagement, expand its ecosystem, and ultimately attract more projects and developers to the platform. The Partnership with Terra The original partnership between Avalanche and LFG was a milestone in cross-chain collaboration. By contributing $100 million worth of AVAX to UST’s reserve, Avalanche became the first major crypto asset outside of Bitcoin to support UST, expanding its role in the Terra ecosystem. The collaboration had initially sparked hopes for integrating Terra-based DeFi protocols within the Avalanche ecosystem. Although the plans were cut short by the Terra collapse, this collaboration showed the potential of cross-chain partnerships in crypto. Technical Analysis Despite its impressive fundamentals, CRYPTOCAP:AVAX has experienced a minor dip of 1% at the time of writing. However, the daily chart reveals a promising “Golden Cross” pattern, a technical indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is considered a strong bullish signal, often indicating that the asset is primed for an upward reversal. Yet, caution remains necessary. If selling pressure persists, CRYPTOCAP:AVAX could dip to its next support level around $24. This would provide an opportunity for accumulation, especially for those who believe in the token's long-term potential. AVAX’s Role in the Layer-1 Ecosystem As a leading layer-1 blockchain, Avalanche differentiates itself through its unique subnet architecture, enabling highly customizable and scalable applications. This modular approach has drawn various developers to build DeFi, gaming, and enterprise applications within the Avalanche ecosystem. With the AVAX buyback, the Avalanche Foundation signals a strategic focus on expanding and supporting these use cases, enhancing the platform’s utility and resilience. Conclusion: Is AVAX Ready for a Rebound? Avalanche’s proactive buyback of AVAX tokens from LFG demonstrates the Foundation’s commitment to fostering stability and long-term growth. Coupled with a Golden Cross pattern on the daily chart, these fundamentals suggest a promising outlook for $AVAX. The token remains a valuable asset for investors seeking a solid foundation within the layer-1 blockchain sector. While short-term volatility may persist, Avalanche’s combination of technical indicators and ecosystem developments makes it well-positioned for a potential bullish trend. For investors eyeing layer-1 assets, CRYPTOCAP:AVAX offers a compelling mix of fundamentals, technical strength, and future growth potential.
COINBASE:AVAXUSDLong
by DEXWireNews
BITCOIN Is this my first one I'm not sure Here in this video, we take a look at the monthly, The Weekly, accidentally the 1 hour, and The Daily, any way here is my analysis of the chart. You can go back on your own in your own chart and look at it and see if you see something different if you do let me know. Monthly and Weekly, we see a cup and handle forming. On a Daily a Bearish Rising Wedge. As you can see where this goes is depending on how tomorrow goes, If Kamala wins everyone is selling because they are going to have to pay the taxes that she will raise, If Trump wins everyone is Buying cause of the Taxes that he is going to cut
COINBASE:AVAXUSD
by Christian_J_Cruz
Long AVAXTraders, Though the indicator is weak having not received full confirmation at the time of this post, I have chosen to go long AVAX once again. AVAX is one of my favorite alts and from the chart we can see that we have several good support underneath us. First, there is that ascending trendline. Secondly, we have that VRVP PoC. And the third indicator is not seen on this chart. We have many coins flipping green today. Visit my weekly update for more on what I am seeing on a macro scale. I posted this update yesterday. Again traders, keep in mind I am earlier in entry than I normally feel comfortable with on this trade. I really would like to see a strong cross of the MA on the RSI chart. Thus, entry risk is a bit higher. Trade accordingly.
COINBASE:AVAXUSDLong
by stewdamus
AVAXUSD Bottom formed & going for the ultimate bullish breakout.Avalanche (AVAXUSD) has just touched this week the top of the 6-month Channel Down. In cyclical terms, this is just a big Bull Flag half-way through the Bull Cycle, similar to those of the previous one, in August - November 2020 and March - June 2021. The Cycle's 2nd bottom is in being doubt as the RSI held and rebounded on the 40.00 Symmetrical Support, which held and kick started the post June 2021 bottom rally. The only confirmation left to give us is to break above the 1W MA50 (blue trend-line) for the first time since late July. As you can see both of 2020 - 2021 Bull Flags rebounded aggressively reaching the 2.0 Fibonacci extension. As a result once the 1W MA50 breaks, we expect a similar rally on AVAX, whether more aggressive like 2020 or marginally less like 2021, but our Target is at $250.00 (Fib 2.0 and above the All Time High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
4
Avalanche: Knock, Knock...AVAX was able to gain further ground within our turquoise Zone (between $17.48 and $29.30) and is currently trying to break through the resistance at $28. As soon as the coin manages to establish itself above this level, this should provide further upward momentum. We then expect the remaining sub-waves of the blue wave (iii) to produce a decisive increase. Consequently, long positions can still be opened within our Zone, with stops placed around 1% below its lower edge or at the support level of $17.44. Should the price slip below the $17.44 level (33% likely), we will still have to locate it in the turquoise-colored wave alt.2.
BINANCE:AVAXUSDLong
by MarketIntel
Avalanche - [AVAXUSDTrend Analysis Long-Term Trend: The chart shows that AVAXUSD was in a downtrend from March to June 2024, characterized by lower highs and lower lows. The downtrend appears to have slowed down, with price consolidating and showing some bullish activity in mid-July to mid-August, but the recent candles suggest a continuation of bearish pressure. Short-Term Trend: The short-term trend has turned slightly bearish again after a small rally in mid-August. The price has fallen from around $27 to around $23. Bollinger Bands Analysis Upper Band: The price touched the upper Bollinger Band in mid-August but has since pulled back. Lower Band: The price is currently moving towards the lower Bollinger Band, indicating potential support around this level. However, it hasn’t reached the band yet, suggesting that there could still be some downside. Band Width: The bands are relatively wide, indicating high volatility in the market. Volume Analysis Volume: There has been an increase in volume during the recent sell-off, which suggests that the bearish momentum might continue. The higher volume on red candles compared to green candles also confirms the bearish pressure. Support and Resistance Levels Immediate Resistance: The recent high around $27 acts as a strong resistance level. Immediate Support: The recent low around $17.28 is a key support level. If the price breaks below the lower Bollinger Band, it could test this level. Mid-Level Support: Around $20, the psychological level, could also offer some support. Summary Bearish Outlook: The overall sentiment based on this chart is bearish. The price is below the 20-day moving average and is heading towards the lower Bollinger Band, with increasing volume during the down days. Next Steps: Watch for a break of the lower Bollinger Band for a potential further drop. Alternatively, a reversal and close above the 20-day moving average could signal a potential change in trend.
COINBASE:AVAXUSDShort
by Sahrin