This is our first time covering Avalanche. AVAX seems to be starting a new uptrend, that could lead up to $900 by March 2022, when the cryptocurrency frenzy hits retail. If we look at Defillama, the TVL in that layer-1 is increasingly significantly, at a faster pace than even Solana. AVAX has been consolidating for a while now and seems ready to go higher.
BYBIT:AVAXUSDT
1H trend chart
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AVAX just broke out the downtrend line, and even took out the neckline of double bottom(blue zone) in 1H chart right now.
There are lots resistance around the neckline.
So if price can stand firm at 90.015 w/o wicks top, trading strategy as below.
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Profit Targets:
a) 93.285~94.605----Fib(1.272~1.382)
b) 96.025----Fib(1.5)
c)...
BINANCE:AVAXUSDT - Avax already made a new all-time high, and right now, the status is still correcting. As you can see in the chart, avax will go down to around $68, and if avax still follows the bullish trend and break the resistance line, my prediction avax will fly to $113. be aware of the price if it keeps going down and through the yellow box(our support).
We could see a breakout on this symmetrical triangle very soon. AVAX / USDT 4H.
If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 89.6$
TG2 - 92.5$
TG3 - 95.2$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know...
As you can see in the chart, AVAX is moving in a huge uptrend channel which is strongly directing the price to upwards.
Trend is extremely bullish and 170$ is the next target for this coin in 3 or 4 upcoming month and passing Mid Line faster will cause to faster result.
Move and Don't stop!
Hello dear frindes .
First of all thanks for support & commnets .
AVAX on daily time frame after broken Weekly Gann Arc & Gann trend line at same time two time rejected from support and with in new trwnd line will read for big bull rally.
With help of Gann Box What we expect is that till Dec.2021 it will test Major Weekly Gann Arc & level resistance which should...
Price is ranging inside a symmetrical triangle after reaching a new ATH. MACD is now bearish, RSI is also below 50% and EMA ribbon is turning bearish. Price will either breakout from the resistance line and we would then be aiming for the highs, else it will breakout from the support line reaching the 2h demand zone at around $73 before price moves up again.
Top of the Morning!
Avax has shown a big run to the upside but it created a huge divergence on the daily - I would expect it to break the trendline that supported the run. Therefore my DCA leves are:
$79
$72,5
$65,2
$60,3
$52,5
Good luck!
Price was moving in an uptrend creating higher highs and higher lows, however it failed lately to break above the previous high and a support level was created at $87.2 where big liquidity is resting. MACD is showing bullish momentum, but RSI and EMA ribbon are neutral. I expect price to takeout all the liquidity resting below that support level testing the 2h...
Hi,
AVAX playing out perfectly. I'm going to keep this open took some profits below 100$ but this has the potential to take out some to key levels to the upside.
I'll add more AVAX if I get a change below $75-65$ again.
Don't miss the opportunity.
All the best!
AVAX has been growing steadily for a long time, we see very nice candles on the chart and good signs for the future, also the influence of BTC will be important with more activity
LTCUSD broke its Daily trend line AND is working the Monthly Kijun Sen level (purple line). Note how the Weekly Kijun Sen who felt abruptly and pressing on the price.
If breaking the Monthly Kijun Sen is confirmed, then an new entry point for LTCUSD is possible for those who are not yet in. Invalidation point below the Monthly KS (purple line). Proceed with...
In our last AVAX analysis, we were waiting for a breakout to enter with targets of 92 (-0.27 fiboonacci target).
The 80 structure level is approaching and that would be the ideal place to enter for a continuation trade.
Trade Idea:
Watch for price to correct back to the structure level at 80
Enter on bounce of structure level
SL below the structure
TP: 106...
Chart shows a study of recent AVAX movements with updated channel.
It is on the way to secure the H&S pattern target, but the midline acts as a strong resist for now. Upper channel price actions will be interesting.
Although not necessary, the pattern breakouts should usually show a volume breakout as well to confirm the trade. Right now the volume seems to be...
