#avax #avalanche will come the valuesAvax will reach these blue values in the short term and we will see both bull and bear.
AVAXUSDT trade ideas
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.
