In my last AVAX analysis I discussed the possibility of a rising wedge being formed. Rising wedges are, classically speaking, bearish reversal patterns.
As it seems now, AVAX has indeed bounced off the top trend line of the wedge and made its way down. This...
If we analyze the crypto cap graph we can see that it is even more accurate to measure the trend on the crypto market than BTC.
On my view BTC could trigger a huge disbelief if it goes under 36k, but what really matters here is the crypto cap in general,
BTC can go to the bottom of the support line from covid (see BTC analysis) and continue the bull run as far...
AVAX keeps on creating Higher highs, I will keep an eye on it & wait for a good entry to open a long trade.
My entry, SL, and targets are on the chart.
Targets: 69.48 – 73.06 – 76.82 – 79.62
If you wish to JOIN ME ON MY FREE TELEGRA PAGE: michelnakhle
NFA – ALWAYS DYOR
Price respecting the divergence and RSI got rejected on descending line, im looking for a sideways movement for now, daily Squeeze momentum indicator hasnt confirmed divergence right now, looking forward to a neutral close.
Request Chart $AVAX :-
$AVAX is looking bull Flag in 30 Minutes chart.
I can expect $74 my First Target if hold this Parallel channel support.
After If break $74 Resistance then We can see $83
If you open any trade than don’t forget to Track or watch every time.
Because No one know bad news or Good News Will come anytime.
2 possible scenarios
1.Retreat to 0.786 Fibonacci then full on!
2. If we manage to hold inside this channel , everything on the chart!
Get ready to fill your bags !
Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 200+ individual projects, $14M+ of AVAX burned (reducing supply), 1,000+ individual...
AVAX is currently seeing a strong rebound from the lower trend line of the pennant. With the markets currently in turmoil, there's a decent chance for AVAX (and crypto in general) to see a stronger bearish move in the near future.
Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling...
Wednesday i was analyzing avax and my son (Arvid 10 years old) was watching my act. then he bring his notebook and drawing a chart with candles . after 5 min returns to me and show me his idea about avax . it is here for future
I am not sure AVAX stop at bottom zone 13-16usd or can dump deep to 5usd. But its setting up bullish pattern on daily and monthy chart.
So just buy at: 13-16 zone and buy deep 3-5usd for long term trade.
Target is 72usd and time to target can be 3-16 weeks
DO TRUNG QUAN.
We are coming into the apex, but before the breakout expect a retest of previous low.
Enter 50% of position, and 50% when triangle breaks out.
Expect a bear trap down to 61-59 area. Enter 25% of position with target 66.59 to take profits if triangle break confirms for continuation and close open position.
Targets when trade active.
Benqi (QI) Avax Defi Gem with a potential +15x from the current price. What is Benqi? BENQI is a peer-to-peer (P2P) lending protocol that is slowly emerging as a leader in the Avalanche (AVAX) DeFi ecosystem, further to this, Benqi also has a goal to build primitives developing a Defi platform on a subnet. Benqi already has $2bn in total locked value with a low...
AVAX vs bitcoin
yes man, nice price action, solid in uptrending. so picking up this guy is not an easy job. Nevertheless, we manage to find a nice and safe setup in my eyes.
We are filled is of course the question, but when we are filled there I am quite satisfied to do it on our first and 2nd zone.
Do you want to know how I get there? Do watch the...