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Avalanche

AVAX round 2! Bull Flag BreakoutAvalanche at its core is a hyperscale native blockchain and the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, with the most validators securing its activity of any proof-of-stake protocol. AVAX also has a rapidly growing NFT ecosystem including major partnerships with Topps and MLB on their inception NFTs and more. With Novembers NYC NFT conference sold out and AVAX’s apricot upgrade to be completed by the end of the month and the chart showing a strong bull flag pattern just now starting to pick a direction this looks good for a substantial move higher.
Long
by PaperGains
AVAX'S RALLY IS NOWHERE NEAR THE FINISH LINEMACD is about to exhibit a bullish cross to catapult the price above the trend line. EMA50 might prove to be a strong support to hold the price in the event of a retest. The volume is significant. The descending triangle is USUALLY a bearish formation; however, it is a continuation pattern as well. Considering the bullish nature of AVAX at the moment. I am on the continuation side of the fence. AVAX has the punch to pull it off.
Long
by Djawad_Afsharirad
3
💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (42.55). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AVAXUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 46.68 TP2= @ 52.28 TP3= @ 58.97 TP4= @ 68.43 TP5= @ 80.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
AVAX Forms Falling Wedge Pattern, Is A Bullish Breakout Imminent-AVAX has fallen over -30% the last week -Price has formed a falling wedge pattern -100MA continues to act as support Avalanche had an amazing run the last few weeks as prices surged over 200%. This price movement put AVAX at a new high for the first time in many months. Investors have been taking a bullish stance on AVAX as it aims to solve a major problem within the crypto space. The solution AVAX offers is a highly scalable & efficient blockchain that allows for DeFi & Dapps to be built upon it, similar to ETH. It also offers a bridge from the ETH blockchain to its own, which is a great solution for interoperability. 

While looking at the last month of price action , we can see AVAX has held a trend line very well. AVAX just bounced off this trend line a couple days ago & seems to be heading for another potential bounce. Over the last two weeks, AVAX has formed a bullish falling wedge pattern (shown in blue). If bulls manage to break & hold this falling wedge, price will then have to battle it out at the minor resistance of $48.10. If bulls clear this, the major test is at the resistance zone from $53-$58. If AVAX can clear this zone, it will be off for a new high. 

 Considering that Avalanche is nearing its mid term trend line, we have to be weary of a potential break below. If bulls fail to provide a bounce on this trend & AVAX breaks to the downside of its falling wedge pattern, we should expect a fall to the major support zone at minimum. Before this can occur, bears must pull AVAX below the 100MA which has held price up for over a month now. If all these marks get taken out, we should expect $30-$35 to come fairly soon. 

 While looking at the Stochastic RSI, we can see strength just attempted to break into the overbought region but was quickly rejected. As long as strength can stay above the 50 value, AVAX is in position to go on to break its falling wedge pattern. The MACD is showing bullish signs as it has formed a bottom curving formation over the last few weeks. Once the MA’s clear the 0 value, AVAX should launch back to its major resistance zone. 

 AVAX Intraday Analysis Spot rate: $41.95 Trend: Neutral Volatility: High Support: $41.92 Resistance: $48.10
by CoinGape
3
AVAX loading up for another run! Keep an eye on it!Here's a quick look at AVAX 4 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a bigger breakout soon. The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: 1. 53.5$ 2. 59$ 3. 71$ - Profits can also be taken in the resistance zone . ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto