AVAX/USD Ready to Breakout of 18 Month Downtrend on 1-Day ChartAvalanche (AVAX) has been trading below an 18 month down trend, and is ready for a breakout. There are several resistance levels between $10.80 and $12.00. Near term prices targets are $14.70, $17.05 and $20.60. Longby wedgelence113
AVAX/USDT 1WAvalanche forms on the weekly time frame a big falling wedge pattern since June 22. Here are my 3 targets. I think #AVAX will explode soon.Longby SosonPason12222
Avax looking like the Burj KhalifaFirst time I looked at this one in a while, really doesn't look that great Take a look, looks to be retesting the neckline just nowby azda71Updated 1
AVAXUSD (1H) - Bullish breakoutHi Traders AVAXUSD (1H Timeframe) The market is in an uptrend and we are waiting for an entry signal to go LONG above the 10.07 resistance level. Only the downward break of 9.67 would cancel the bullish scenario. Trade details Entry: 10.07 Stop loss: 9.67 Take profit 1: 10.31 Take profit 2: 10.70 Score: 8 Strategy: Bullish breakout Longby Avramis5
AVAX target $5Avax downtrend Target $5 Fib wxt 50% level from ATH since M (at ATH) broke down. Also downside 50% Fib Ext since last leg Up. + Historic Support area. Note: I do not short but expect better entry.Shortby ENZO_MM220
Avalanche fallingI mentioned the same thing with VFS stock, but bubbles pop quick with higher rates. Avalanche rally didn't even go 2 weeks, dropped all the gains in less than one week, and based on indicators it looks like it'll set a new AT Low. I think Cryptos are toast.by hungry_hippo113
#avax #avalanche something like this? #avax is forming a bearish Shoulder Head Shoulder (SHS) pattern and i showed the probable retrace and bounce zone on the chart. If markets make sudden rally , the scenario will be invalidated. NOT FINANCIAL ADVICE. Always trade with your own strategy, not mine and not anyone else' s.Shortby naphyse221
AVAX.USDT (Long Term) Ladies and Gentelman, It's Ho3ein again. Thank you for your time 👋👋 It's a new day and I want to tell you all about the support zone on Avalanche. I think it will be interesting. Because I wanna tell you where is the best zone to buy and Hold Avalanche for the long term. Please be patient 👌👌 Before that, Please don't forget to Like 👍 , share ✌️ with your friends, and also write your comments ✍️ below the post. It gives me more positive energy to continue publishing my analysis. As you see, we have Three main support zones. I'm sure the first one around 7.2-7.5 USD will be lost soon. We will talk about the second and third ones. The Second support zone is around 4.6 – 5 USD and it's really strong. I expect the price drops to this zone to stop dropping and the price after touching this zone to move up. I bet it's not the End of the correction. Because I expect the Second zone could NOT hold the price and it will break and the price will move to the 3rd support zone. Let me say something frankly, I don’t believe that the 3rd support zone around 2.6-2.9 will be broken. It's really strong more than you think and big whales are waiting to buy Avalanche in this zone. Please be patient. control your emotions 🙏🙏 Opportunities in the market flow smoothly like a river 🧞♀️🧞♀️ It was my duty to tell you all the things you need to know. Please ask me all your questions below the post. Wish you Health and Wealth Sincerely Yours 🙏 Ho3ein.mnD Shortby Sticky-Stock4
AVAX price eyes uptrend to $13Breakout Alert: AVAX has broken through a strong resistance trendline. Falling Wedge: The breakout indicates an escape from a long-coming falling wedge pattern. Target Price: With market-wide recovery, AVAX aims for $12. Current Price: Trading at $10.003 with an intraday fall of 1%. Morning Star: A morning star pattern is completed by a 7.21% bullish engulfing candle. 50-Day EMA: AVAX is above the 50-day EMA, signaling bullish momentum. 200-Day EMA: A potential move to the 200-day EMA could lead to a golden crossover. Round Bottom: A potential round bottom pattern could form at the $11 mark. Technical Indicators: DMI shows positive crossover and uptick in ADX line. Critical $11 Mark: Price action at $11 will be crucial for the upcoming trend. Potential to $13: A bullish breakout could take AVAX close to $13. Downside Risk: A pullback could delay the breakout or plunge AVAX to $9.by Coinpedia-Market-Insight5
AVAXUSD Ready for a bullish break-outAvalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D MA50, it initiated a massive rise on the next candle that easily broke through the 1D MA100 (green trend-line), hit the 1D MA200 (orange trend-line) and peaked a little above the 0.618 Fibonacci retracement level. As a result, we will buy the break-out and initially target the 1D MA100 at 11.000. If it breaks above the 1D MA200, we will buy that 2nd break-out and target the 0.616 Fib at 15.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot6615
Avalanche: Already done?! 🤔Avalanche has recently experienced a renewed rise, which has ended in the last few hours. We have to admit that the price has approached our magenta target zone (coordinates: $9.03 - $5.62), thus fulfilling the (minimum) technical requirement for this move; however, until the price convinces us of a final backed low of wave (2) in yellow with further clear rallies, we still have to assume that it will go a bit deeper into our zone. Ideally, we see the price approaching the lower violet trendline here, but of course, it can use the entire target zone to complete the reversal. In turn, traders can use the zone to enter long positions.Longby MarketIntel3
Will Avalanche Sail Smooth To $12?AVAX price breaks a solid resistance trendline, indicating a bullish move. The coin price shows a rounding reversal from $8.75. A jump to $10.86 is teased, with a potential to reach $12. Recent market recovery fuels a 6.43% weekly jump in AVAX price. Current trading price is $9.34 with an intraday growth of 0.68%. The breakout candle struggles to find a strong closing above the resistance. 50-day EMA at $10 could pose a challenge. Lower high formation finally shows a bullish candle in the weekly chart. Prices must sustain above the resistance trendline for the uptrend to continue. A bearish setback could occur if prices fail to sustain above $10. Supply inflow expected at the $12 mark. Failure to sustain above resistance could see prices drop to $8.75 or even $8. Longby Coinpedia-Market-Insight3
Avalanche Long TermThe chart shows us an immense accummulation zone around 10-11$. 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.by MrDorea5
$10.90...?Trading the range, i am looking for avax to see up to 10.90 in the next few hours/daysLongby MtGoxFX0
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. by Coinpedia-Market-Insight2
AVAX: Flush before we FLYYYAlt coin reckoning to commence soon... $4.20 is a meme therefore it must happen haha by Muri001334
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. by Coinpedia-Market-Insight2
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!Longby Trader_MDJUpdated 2
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. by Coinpedia-Market-Insight3
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 Shortby Avramis4
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 CowenLongby Muri0014
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! by ATTMO222
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.Longby Coinpedia-Market-Insight2