Avalance AVAX has breakout from the 4 hours resistance, higher
AVAX current price is USDT13.40 as of 10 November 2023. The price action has not only breach the 4 hours resistance line but has a successful 8.4% breakout in 4 hours charts.
The price will most likely rise up until the next resistance level of the 1 day chart at USDT25.53. There is another USDT12.13 to gain in the 3 coming months. This is about 90.5% profit in few months time. Trader should buy and hold currently until reach USDT25.53 or when there is a strong headwind appear for cryptocurrency.
Currently the strong tailwind for cryptocurrency is the Grayscale BTC ETF to be approved by SEC soon withing this year or early next year. Also, the next year April 2024 BTC halfing is also the strong tailwind.
Currently there is no strong headwind for this token or cryptocurrency in general.
The price will most likely rise up until the next resistance level of the 1 day chart at USDT25.53. There is another USDT12.13 to gain in the 3 coming months. This is about 90.5% profit in few months time. Trader should buy and hold currently until reach USDT25.53 or when there is a strong headwind appear for cryptocurrency.
Currently the strong tailwind for cryptocurrency is the Grayscale BTC ETF to be approved by SEC soon withing this year or early next year. Also, the next year April 2024 BTC halfing is also the strong tailwind.
Currently there is no strong headwind for this token or cryptocurrency in general.
Comment:
current price USDT23.07 near the previous post of USDT25.53 1 day resistance level chart. Price raises 33% in 3 days' time.
Bull condition currently due to Grayscale Bitcoin ETF to launch this year or next year.
Price will reach the resistance of USDT25.53 soon.
I will hold my token for now until USDT25.53 and wait for 2 to 3 weeks to see if there is a breakout from this level before deciding to sell or continue to hold.
Bull condition currently due to Grayscale Bitcoin ETF to launch this year or next year.
Price will reach the resistance of USDT25.53 soon.
I will hold my token for now until USDT25.53 and wait for 2 to 3 weeks to see if there is a breakout from this level before deciding to sell or continue to hold.
Comment:
Price USDT22.85 on 19 November 2023. Still have not reach the USDT25.53 level of 1 day resistance. Still a bit of room for upside.
Trader should keep the token and wait for 2 to 3 weeks before deciding to sell or hold.
Trader should keep the token and wait for 2 to 3 weeks before deciding to sell or hold.
Comment:
AVAXUSDT reach the 1 day resistance of USDT25.53 in the intraday session currently at USDT26.01.
Trader should currently still keep the tokens for now for another 2 to 3 weeks or at least after the Fed's FOMC decision to see good news or bad news.
There could be a potential breakout in AVAXUSDT in the coming weeks and could propel the price to the next resistance level at USDT77.97 another 300%.
Trader should currently still keep the tokens for now for another 2 to 3 weeks or at least after the Fed's FOMC decision to see good news or bad news.
There could be a potential breakout in AVAXUSDT in the coming weeks and could propel the price to the next resistance level at USDT77.97 another 300%.
Comment:
To USDT77.97 if there is no strong headwind appearing in the coming months for at least next 6 months.
Trade active:
AVAXUSDT32.66 currently at this price as of 10 December 2023. Already breakout more than 10% 2 days ago from the 1-day resistance level as suspected on December 6, 2023.
Trader now should expect some volatility in the price action but it is a uptrend volatility with quite large correction into play. But this might not happen also but most likely will happen.
Trader should keep the tokens until there is an appearance of strong headwind into play. If no strong headwind then wait until the price goes up to USDT77.97 at the 1 week and 1 month resistance level.
If reach this level then only reassess the situation then to buy more or hold or sell.
Trader now should expect some volatility in the price action but it is a uptrend volatility with quite large correction into play. But this might not happen also but most likely will happen.
Trader should keep the tokens until there is an appearance of strong headwind into play. If no strong headwind then wait until the price goes up to USDT77.97 at the 1 week and 1 month resistance level.
If reach this level then only reassess the situation then to buy more or hold or sell.
Trade active:
The trade for AVAXUSDT to reach USDT77.97 is very uncertain now. Since there could be a strong headwind for the S&P 500 that will cause a drop in S&P 500 index price. This could potentially lead to a selloff for crypto like Bitcoin and AVAXUSDT since these are riskier asset class than equity. Crypto will most likely to selloff when S&P 500 is heading lower.
I sold most of my AVAX at USDT40.00 last few days ago. Since the current direction of Crypto is uncertain depending on how many companies in S&P 500 will be reporting with revenue miss in Q4 2023 this January or February. If a lot of companies misses the top line then in the next 3 month AVAX will not reach USDT77.97.
I sold most of my AVAX at USDT40.00 last few days ago. Since the current direction of Crypto is uncertain depending on how many companies in S&P 500 will be reporting with revenue miss in Q4 2023 this January or February. If a lot of companies misses the top line then in the next 3 month AVAX will not reach USDT77.97.
Trade active:
The potential of formation of strong headwind for S&P 500 because of the effect on large company revenue weakness due to slowing down market demand from Europe, UK and China economy will most likely not going to happen. Since 50% of the S&P 500 companies has report with 80% of the companies' beating estimates.
The lowest price for AVAXUSDT was USDT27.24 on 23 Jan 2024 after the strong headwind above appear potentially not happening causing the current price for AVAXUSDT reaching USDT 40.02. The price will continue to go up since the anticipation rally of Bitcoin halving strong tailwind in April 2024 will happen.
There is a 4 hour resistance at USDT57.84 which is a weak resistance level. Due to the current strong tailwind, the price will continue to raise further regardless of the resistance at USDT57.84. Price action will breach this level of USDT 57.84.
AVAX price action is quite possible to reach USDT78.75 if there is no strong headwind appearing in the coming 2 to 3 months time.
Trader should buy at the current level when there is a correction or dip. Once the S&P 500 earning report is completed the price of AVAXUSDT will fly higher.
The lowest price for AVAXUSDT was USDT27.24 on 23 Jan 2024 after the strong headwind above appear potentially not happening causing the current price for AVAXUSDT reaching USDT 40.02. The price will continue to go up since the anticipation rally of Bitcoin halving strong tailwind in April 2024 will happen.
There is a 4 hour resistance at USDT57.84 which is a weak resistance level. Due to the current strong tailwind, the price will continue to raise further regardless of the resistance at USDT57.84. Price action will breach this level of USDT 57.84.
AVAX price action is quite possible to reach USDT78.75 if there is no strong headwind appearing in the coming 2 to 3 months time.
Trader should buy at the current level when there is a correction or dip. Once the S&P 500 earning report is completed the price of AVAXUSDT will fly higher.
Most likely the max correction will reach a weak support at USDT14.61 just another USDT3 drop. might not drop to this level since the strong tailwind of Grayscale ETF approval soon still exist. Also the continue brutal Israel and Hamas war.
The is still very high chance that the AVAX USDT price will still go up to USDT25.53 in the coming 3 months time. After this few days correction.
Good time to buy if the price fall to USDT15.00 range.