#AVAX AVALANCHE A BIT LOWER TO GOAVALANCHE is going to 34.25 area, if this resists, we may have a bounce.
I do think we will have the following configuration:
- BTC down
- AVAX to $34.25
- Small bounce to $34
- Straight to 32 on a trend line
AVAXUSDT trade ideas
AVAX Rests on Key Support, Will It Break Out or Break Down?BINANCE:AVAXUSDT managed to surpass the resistance level at $37.15 within the last few days. Following this breakthrough, its price has been experiencing a consolidation phase. However, it appears that traders are currently selling off their AVAX holdings as the coin approaches a support level.
If AVAX fails to maintain a daily closing price above $37.15 within the next 48 hours, it could potentially decline to as low as $27 in the coming week. Conversely, if AVAX manages to stay above the $37.15 mark, there is a possibility of the cryptocurrency's price ascending towards the resistance level of $52.60 in the short term.
The technical indicators observed on AVAX's daily chart suggest a potential price drop in the upcoming days. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are currently displaying bearish signals.
The MACD line is approaching the MACD signal line, which could indicate a reversal towards a bearish trend for AVAX if these two lines intersect. Additionally, the RSI line recently dipped below the RSI Simple Moving Average (SMA) line in the past few days, signaling that sellers are gaining an advantage over buyers.
✅ 80$ As Midterm Target For AVAX👉 In My View AVAX Corrective Move Completed And New Bullish Wave Started From 9$ Area ,Currently The Price Playing Below The Important Trend Line,Once We Reclaim 25$ It Will My Main Buy Trigger For Midterm
Avax #avax downstream thoughts Could be happen ...
Ascending dynamic line breakout and a pull to it ...
Sencondary flipping on yellow level
⚡️AVAXUSDT CMC TRADING ⚡️ LQ GRAB ENTRY MODELIn AVAXUSDT, there has been a successful capture of Liquidity (LQ) above the point of interest, surpassing the prior high established on the left side. Subsequently, there is a retracement inside indicated by ChoCh, forming a Former Value Gap (FVG) or Imbalance on the corresponding Order Block (OB). Our anticipation involves a retracement, tagging in, and subsequently filling the FVG for an opportune short entry.
Avax to Supply Area?I usually Don't trade in this coin.
But as volatility is there and it gives me a setup and trigger.
Possibly can go to Supply area around 50 now.
Longed 41.800
Stoploss 41.300
Trade Type: Risky
Note: Not a Financial Advice.
#avax #avalanche will come the valuesAvax will reach these blue values in the short term and we will see both bull and bear.
Avalanche ($AVAX) Surges 400% in Two MonthsAvalanche (AVAX) outperforms majority of large-caps, jumps to pre-LUNA-collapse levels.
After a marvelous 30% upsurge last week, AVAX replaced Dogecoin (DOGE) as the ninth largest cryptocurrency asset.
Its upsurge is driven by a combination of long-term and short-term catalysts as AVAX outperforms almost all large-cap altcoins.
Avalanche (AVAX) price rally expands The price of Avalanche (AVAX), the core native asset of the eponymous blockchain network, set a new local high at $44 on major spot exchanges today, Dec. 16, 2023. Last time AVAX was so expensive on May 8, 2022, before the ecosystem of Terra/Luna collapsed. As such, today marks an 83-week high for the AVAX price.
Last week, AVAX became the fastest-growing altcoin in the top 20 of the largest assets; in the top 30 of CoinMarketCap it was only surpassed by Internet Computer (ICP). In the last 24 hours, $4.88 million of AVAX positions, mostly shorts, were liquidated. The largest single liquidation was registered on OKX in an AVAX-USDT short and exceeded $128,000 in equivalent.
In the last two months, the total value locked (TVL) in Avalanche-based decentralized finance (DeFi) protocols almost doubled: It soared from $487 million to $949 million. Benqi, Trader Joe, Aave and GMX are the largest and fastest-growing DeFis in the ecosystem.
AVAX - ShortGood luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
#AVAXUSDT (WATCHLIST) 10-2023!#AVAXUSDT
Project category: Layer 1 blockchain protocol
Avalanche is a decentralized platform for launching finance applications and enterprise blockchain deployments. It provides high throughput, low latency, and low-cost transactions. Avalanche is also highly scalable and can support a large number of users and applications.
Market cap: $3,745,090,955 USD (as of October 26, 2023)
Coin supply: 355,017,520 AVAX
Max supply: 720,000,000 AVAX
AVAX is the native token of the Avalanche network and is used for staking, paying transaction fees, and accessing dApps on the network.
AVAX is currently ranked #20 by market capitalization on CoinMarketCap.
Add to your watchlist
When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry.
Note:
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
$53 WE GO $AVAX The goal remains $53 for me before any shakeout. Of course it depends of Sir. Bitcoin, however if Bitcoin stays calm, CRYPTOCAP:AVAX is promised to a $53 before any clear resistance.
AVAX: Resistance BreakoutTrade setup : Bullish break above $35 signaled continuation of uptrend. However, price is now very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Entry clear, but my favorite exit is half of a big wickThe AVAXUSDT trade is still on but if there i a strong pullack the exit will be at a rally to a prior 50% level of a daily chandles wick
AVAXUSDT - SHORTAVAXUSDT.P is showing Bearish Divergence, followed by a Head & Shoulder pattern, which strengthens the indication of a potential trend reversal from bullish to bearish.
AVAX - Overvalued relative to alternatives?Traders might start taking profits at the first indication of bearish power equality and move their funds to similar alternatives like ATOM and DOT which haven't (yet?) experienced the runup of AVAX.
Recent large ranges indicate this is already occurring.
Where is the destination of AVAX✅⁉️
🔴AVAX is poised to explode after a 130% surge in the last 3 months. Are you ready🔍👀
🔴Note: All white lines are PRZs, which are generated based on x.y.z.🎗️
🎗️AVAX to reach all-time high and surprise us?🌪️
AVAX at strong historical resistance. Time to short?Avax price is at strong historical (2021) resistance on the weekly chart. Rsi is in the high oversold area.
On the daily chart the volume is dropping for six days and the price can't break 42ish resistance (bearish divergance). Also the Rsi is above 90 on the daily chart.
My opinion is it needs to cool down before another jump.
Avax price at strong historical resistance. Time to short?Avax price is at strong historical resistance on the weekly chart. Rsi is in the high oversold area. On the daily chart the volume is dropping and the price can't break 42ish resistance on the several candles. Rsi above 90 on the daily chart. My opinion is it needs to cool down before another jump.
What are your ideas for the rise continuation if so?
here we go high #avax has good price action in this level and chas good price action in this level and can reach 60
#avax
AVAX - bearish divergenceshi Traders,
AVAX pumped a lot and we can see a tripple bearish divergences.
At the moment, the price is bouncing from the support but it may be a short lifted bounce as these divergences are real now and in my opinion it will be difficult to continue this uptrend without dipper pullback.
Expecting one more push up to form a reversal pattern such as double top, and next dipper correction towards 32 $.
Entry, target an stop loss are shown on the chart
Do you agree? :)
Avax contraction into volatilityAvax has contracted during an upward market with marked consolidation. The RSI is taking a breather and a local demand is updated. I expect another push here as the token consolidates directly on an important historical resistance level. Volume is growing immensely , especially after this CPI print that was bullish. We might even test this golden fib ( very bullish if so) at 55$ soon.
AVAX Looks ready to pumpAvax trend is still strong, the bulls are behind the door. I expect a good pump as soon as the price can broke up the resistance i drawed. Target 47/48 area
