Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak.
If it continues to repeat the...
Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever:
This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a...
Avalanche (AVAXUSD) hit today our final (2nd) target of 15.5000 as we proposed on the bullish break-out signal we gave (see chart below) on October 04:
The question is, does this rally still have fuel in it or it will correct now? A reliable indicator in this case is the 1D MACD which, while the crypto has been inside the Channel Down pattern, it peaked both...
Avalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D...
Avalanche (AVAXUSD) is about to hit its 1D MA200 (orange trend-line) for the first time since April 11 2022! Needless to say, a break-out there would be a major long-term bullish signal for the coin.
With AVAX trading within a Channel Up since the February 2021 High, we can see that the best Sell entry and (potentially now) best Buy entry have come around its...
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For this particular analysis on Avalanche we are using the AVAXUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where AVAX recently broke above its 1D MA50 (blue trend-line), following an additional bullish break above the Lower Highs trend-line that started with the April 02 High. With the RSI on the 1W time-frame still...
Avalanche (AVAXUSD) is recovering from the recent rejection on the 1D MA50 (blue trend-line) last week. That would be the third attempt that close to the MA50 in 3 weeks and with the 1D LMACD on a strong rise, it appears it could be the decisive one to break it.
In fact the same LMACD sequence was last spotted in July 2021, a year ago, when the price eventually...
Avalanche (AVAXUSD) hit on May 12 the bottom (Higher Lows trend-line) of the Channel Up that started after its February 10 2021 High. That was its first High and May 12 marked its second Higher Lows. Assuming that holds, the pattern will continue to hold and we will have to look for specific markers in order to time a new uptrend.
As you see, there are three...
Avalanche (AVAXUSD) has been trading below the 1D MA50 (blue trend-line) for the past week, ever since the pull-back from the April 02 High. Even though that rattled the confidence of many market participants, there is no cause for concern as this was a short-term profit-taking correction within the larger Rising Wedge pattern on the long-term.
The coin is coming...
Avalanche has been one of the surprises of 2021 and despite the market correction since November, it is seen consolidating in rage. I've spotted an interesting cyclical behavior of AVAX, which can provide a fairly accurate pattern to long-term investors.
As you see it is going through phases of accumulation - rise - sell off. There is an underlying Fibonacci...
Pattern: Channel Up on the 1D time-frame.
Signal: Buy as the price is A) holding the Higher Lows (bottom) trend-line of the Channel Up, B) holding the 1D MA100 (green trend-line) and C) holding the 6-month CCI Support Zone.
Target: $200 (just below the 1.5 Fibonacci extension and Higher High trend-line of the Channel...
