AVAXUSD Channel Up $28 pull-back or break-out to $47??Avalanche (AVAXUSD) has been trading within a 3-month Channel Up and last Friday hit its top (Higher Highs trend-line).
It is no surprise that the price got rejected and turned sideways there as it also completed a +75% rise from the last Higher Low, which is exactly what the previous Bullish Leg d
Key stats
About Avalanche
Avalanche is a layer-1, proof-of-stake blockchain, posing as a direct rival to Ethereum given its focus on smart contracts and aim to accommodate a plethora of decentralized applications. Launched in 2020, Avalanche’s network offers high transaction throughputs. It also offers blazingly fast finality times (the time before a transaction can be considered complete or ‘finalized’) of around one second compared to Ethereum’s one minute. All this has put its native token AVAX up there with the speediest cryptos in the game. Its ‘Avalanche Bridge’ (AB) also aims to open a channel to Ethereum, allowing for easy passage of assets on the rival chain.
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Avalanche sale!With how strong the Avax/btc ratio is, we look at this sell off in avalanche as a great buy the dip opportunity. If this level holds at the 0.5% fib level, Avalanche has a high probability target of $37. If you entered with $100,000 at the 0.5% fib level, you have a chance to make $25,000.
AVAX Weekly Resistance Ahead📊 CRYPTO:AVAXUSD has been climbing steadily off the April low, but it's now approaching a critical resistance zone: the 2024 downtrend channel between $40–$44. This area has historically capped rallies and could trigger a strong reaction.
This is a decision zone: momentum vs. structure.
#Ellio
Quick idea for the altseasonBreaking through a clear resistance level presents an excellent trading opportunity, especially when we’re potentially on the verge of altcoin season.
Buying the AVAX breakout offers a risk-to-reward ratio with downside risk below 10% and potential upside returns approaching 40% if the chart patter
Avalanche with a close above the double bottom necklineNot sure whether it will validate the breakout here or go back below the neckline, but that was a very convincing bullish candle close above the neckline on the previous daily candle so it should give it some reasonable probability. *not financial advice*
$AVAXUSD: Price Memory🏛️ Research Notes
Financial markets as complex adaptive systems that spontaneously organize themselves into critical, chaotic, or ordered states.
In this idea I'd like to focus on price memory - concept that the market's current and future price movements are influenced by its own history, ra
AVAX/USD – Momentum Cooling Below Resistance🔴 SHORT below $27.20 – target $25.80
Avalanche trades at $26.78, under resistance at $27.10–27.20. SMA200 is lower at $25.81. Support lies at $25.80. RSI easing at 55, showing fading strength after breakout. Risk of retrace toward SMA200.
📖 Keywords: #AVAXUSD #Avalanche #CryptoReversal #BearishSet
AVAX/USD – Momentum Push, Nearing Overbought🟢 LONG above $25.80 – target $26.40
Avalanche trades at $26.09, holding gains above SMA200 ($25.05). Resistance: $26.40, support: $25.00. RSI strong at 67, near overbought but momentum intact. Bulls in control as long as $25.80 holds.
📖 Keywords: #AVAXUSD #Avalanche #CryptoBreakout #MomentumTrade
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Avalanche (AVAX) is 29.27 USD — it has risen 4.21% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing AVAX price chart.
The current market capitalization of Avalanche (AVAX) is 12.36 B USD. To see this number in a context check out our list of crypto coins ranked by their market caps or see crypto market cap charts.
Avalanche (AVAX) trading volume in 24 hours is 723.90 M USD. See how often other coins are traded in this list.
Avalanche price has fallen by −9.70% over the last week, its month performance shows a 20.30% increase, and as for the last year, Avalanche has decreased by −0.10%. See more dynamics on AVAX price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Avalanche (AVAX) reached its highest price on Nov 21, 2021 — it amounted to 147.50 USD. Find more insights on the AVAX price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Avalanche (AVAX) reached the lowest price of 8.62 USD on Sep 25, 2023. View more Avalanche dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The current circulating supply of Avalanche (AVAX) is 457.28 M USD. To get a wider picture you can check out our list of coins with the highest circulating supply, as well as the ones with the lowest number of tokens in circulation.
Avalanche has the limit of 715.75 M coins. No matter how the currency evolves, no new coins will be released after this number is reached.
The safest choice when buying AVAX is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade AVAX right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Avalanche (AVAX): today its technical analysis shows the buy signal, and according to the 1 week rating AVAX shows the buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in Avalanche trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Avalanche (AVAX) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Avalanche is estimated as 3.77% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Avalanche, you can find more inspiration in our curated watchlists.
You can discuss Avalanche (AVAX) with other users in our public chats, Minds or in the comments to Ideas.