Avalanche: Ready to AvalancheAvalanche still has time until the resistance at $98.77 to finish wave B in green, but it could also decide to avalanche into the orange zone between $70.58 and $58.31 immediately. There, it should complete wave C in green as well as wave ii in orange and use its drive to change direction. In contrast to its namesake, Avalanche should then rush upwards above the resistance at $98.77. However, there is a 35% chance that Avalanche might endeavor to emulate said namesake and slide below the support at $53.16.
Avalancheusd
MY MINIMALIST CHART ANALYSIS FOR AVALANCHE$AVAX
01.24.22
2450H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC, and a few others.
Basically, the outcome of BITCOIN, the ALTS tends to follow. So I am limiting my published ideas to a few, quality over quantity.
ALERT:
Looking now for an ENTRY to a short to midterm LONG SWING trade.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy:
1. RSI on an upwards trend.
2. STOCHASTICS same as RSI.
3. Volume SPIKE, lots of supplies for BUYERS to take.
4. Looking at key support at 60 zones.
5. We can then expect strong support at the 50-57, right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX, and the ENTRY AREA OF VALUE MARKER.
Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS.
Looking back months ago when the MINIMALIST BOX ANALYSIS was made.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION.
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology .
Stay away from FOMO and FUD.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work.
Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught.
Vive Le Autist!
Vive Le Diamond Hands!
AVAX Long term bullish, short term only whales know!!! NOT A FINANCIAL ADVICE !!
AVAX, We are at the lower side of the current descending channel. There is a chance to move up-side and get rejected at the top of the channel.
For a quick swing, a position from $90 to $100 might be worth trying.
As long as we hold the overall bullish support things are looking good long-term.
If we break below the support line then it can get a bit ugly.
Remember to always have stop-loss and plan your next move. Also, be careful of StopLoss hunting of the Market Makers and Whales! Do not put stop loss exactly at obvious supports!
(AVAX) AVALANCHE - DIRECTION 274$ ? 🤔Hello everyone !
Today the Black Cat Trader is analyzing AVAX based on a 3D chart 📈
What we can see :
- AVAX just hit the 1.618 (trend based fib extension) and right now prices are trying to break the intermediary upper line of the pitchfork which act as a strong resistance.
- We can identify a divergence on the RSI which could tend to a small correction, or simply a range to come.
What we can expect :
1. If AVAX manages to break the intermediary upper line of the PF, we can expect prices to reach the upper levels (2.618 / 3.618 / 4.618). The last target would be the upper and last line of the pitchfork.
2. If AVAX failed to break the intermediary upper line of the PF, then prices could take support on the duo Tenkan / kijun or directly on the uptrend line (white).
Resistance : Intermediary upper line of the pitchfork
Support 1 : Duo Tenkan / Kijun
Support 2 : uptrend line
——
TP1 : 159 $
TP2 : 217 $
TP3 : 274 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
AVALANCHE - 100$ 🗸🍊 AVAX has done GREAT for us. We had called it our 'Spot Queen for the Season' with a target of 100$ and it became a reality very fast:
We know a breakout when we see it and when Fundamentals agree it's sometimes easier to more than double in 90 days than it is to do so in months: what a fantastic example this has been.
Once again:
Blazingly Fast, Low Cost, & Eco-Friendly.
Solid Tech, robust tokenomics and a visionary founder. It can easily overtake some of the Tokens/coins that have stopped growing, like Polkadot, XRP and DOGE.
Not as fast as Solana, not as decentralized as Cardano , not as profitable as Ethereum but the parabolic growth should grow.
The AVALANCHe community is fanatic with AVAX and the growth seems more organic and healthy than the competition.
TECHNICALLY:
Time to take some profits and wait for a new entry. Price might need to ,ose some steam and test support at 83$ before going higher. It's been fun, yes.
One Love,
the FXPROFESSOR
Avalanche Crash to $35-40 inevitable?Ignore the scale, as I simply dragged the respective price trends of Bitcoin and Avalanche into an empty field of the chart for a better visual representation.
For Bitcoin, this is the distribution pattern from February to mid-May this year. To the right of that, we see the price history of the AVAX token from September to today. The Bitcoin price trend here only serves to illustrate the consequence of a collapsing uptrend.
As can be clearly seen, the strength of the uptrend is steadily decreasing over time. This can be seen from the fact that the intervals between the new high and the previous high are getting smaller and smaller.
This can be explained by the fact that it is becoming increasingly difficult to find enough new aggressive buyers who can maintain the previous pace of the uptrend.
The upward movement is about to collapse. The latest warning signal of this is in a lower high, after an already noticeably sharp countermovement formed in the wake of the previous high. This movement is also known as the Dead Cat Bounce.
Should Avalanche see a relatively similar correction to the one seen in Bitcoin back in the day, a return to $35-40 would be the favored scenario here.
AVAX challenges the market to the altcoin party's last danceWhat we see on the above chart of AVAX is a beautiful cup & handle formation.
The huge increase in volume shows that masses of AVAX coins obviously changed hands during the handle formation. So there was a lot of accumulation here. Most likely in anticipation of the Avalanche price breaking out of its formation this week and reaching a new all-time high.
The flag formation, which is the handle of the cup, has already been broken to the upside. Currently, the Avalanche price is trying to establish the 0.382 Fibonacci level as support, in order to break the confirmation line ($58.50) from there. It failed its first attempt over the weekend.
The minimum price target resulting from the chart pattern is $110. As luck would have it, this price target falls pretty much at the 1.618 Fibonacci level.
At the current price of $51.72, that would represent an increase of about 115%.
A final bullish week that has many investors in the market forgetting about the looming threat of a crash makes perfect sense.
Money in the crypto market moves in cycles. It flows from larger ecosystems to smaller ones. When the smaller ecosystems slowly overheat, the money flows back into the larger ones. This process can often repeat itself several times until the last bit of return has been squeezed out of the market and the whole scheme collapses in on itself.
The reason for the collapse is the inflated prices for which there are no longer enough buyers to sustain the rally.
But what ecosystem is left? The NFT hype has gotten out of hand and has become the playground of a few big players. The so-called "floor prices" of certain exclusive NFT classes are an illusion, as it is almost impossible to find a buyer in the market at these prices.
DeFi blue chips on Ethereum have stagnated. Polygon had its moment as the first legitimate scaling solution, but that moment has already passed. Solana and many of the dApp tokens are already overpriced and Cardano, despite its Alonzo upgrade, lacks the promised wave of killer dApps. So the only thing left, in theory, is Avalanche's still relatively young ecosystem.
What will ultimately cause the market to collapse? Probably the realization that none of these new smart contract blockchains have launched even one innovative DeFi app that doesn't already exist on the Ethereum blockchain.
Disclaimer: This analysis is an excerpt from the Bitcoin forecast on the German crypto blog Bitcoin-Bude. Source: Avalanche Kurs Prognose