The social sentiment around Avalanche (AVAX) appears to be mixed but leaning towards the positive side. The social dominance metric, which measures the percentage of social media mentions a cryptocurrency attracts in reference to the top-50 most talked about projects, has reached its lowest levels since November 2023. This indicates that discussions and mentions...
Every alt is primed right now after being dumped for a bit to reach the monthly average and being ready to catapult with the mid year cycle. I can see btc at 80k+ in the upcoming 3 months, causing a alt season to occur, trade with caution!
AVAX in a slump here, down 32.6% in the month. Bigger picture up 93.1% in the year, just about 5% today. I see a cup handle forming, just waiting conformation from the last battle. Even though AVAX ain't looking pretty i think its has a solid foundation, strong supports from investors. Just waiting on confirmation.
As we embark on this visual journey let us harness the power of knowledge to illuminate our path forward... Together we can unlock the potential within these charts and empower each other to drive impactful decisions and conquer new horizons.
Wave (5) was truncated. Finishing wave 2 above $39 in corrective fashion.
Avalanche is a layer-1, proof-of-stake...
Caution: It's not going to the Moon, today. The move will take time but the Trend is UP. The manipulation/market dump by whales was expected. It has reached the level we have been waiting for. However, more manipulation/Volatility is expected around halving of Bitcoin. Whales/Banks/Funds work contrary to the amateur influencers. Use good money management...
AVAX completed a 3-wave pullback on the 4H timeframe.
Entering long at 45.50, a confluence of:
50% retracement of the 27-65 swing
100% Fibonacci extension (y=w, log scale)
Targets:
T1: 52.50
T2: 85-90 area
Stop-Loss: 35.20
Risk: 1%
R:R: +2
Avalanche (AVAX/USD) If in doubt, zoom out! Despite the recent crash on most coins, some have experienced a larger fall. However, AVAX is still forming: "Higher High's & Higher Low's" on the trend line pattern from the chart. Is this recent dump before the BTC halving a shakeout so that whales can accumulate even more??
AVAX held support from the recent crash...
AVAX is still on a slow cooking descend. There’s a new point of interest if it dips into the $45 again. As of now just waiting, and watching for the daily close.
The AVAX/USD pair exhibits promising signs of an upward trajectory on the 2-hour chart, marked by key technical indicators. Initially, a regular bullish divergence was spotted, a reliable harbinger of potential reversal. This divergence occurs when the price charts lower lows while the RSI (Relative Strength Index), an oscillator measuring the momentum and...
AVAX turned within our blue Target Zone ($41.83 – $50.42). Accordingly, we consider the low of the blue wave (ii) to be established. In the further course, the same-colored wave (iii) should continue well above the resistance at $65.42. Investors can open long positions in our Target Zone. Stops could be placed around 1% below the Zone. Indeed, if the price slips...
Avalanche (AVAX) - has formed a bullish wedge pattern on the 4-hour timeframe, breakout to the upside past Resistance from a downtrend since: mid March 2024.
If a rally from the break pushes further forward to: "$65", then past it.. momentum will continue and AVAX could head higher at prices of: $70 once key level Resistance has been reclaimed.
‼️DISCLAIMER...
Avalanche X Right Prices in USD:
Avalanche, Short Trade look bullish, below prices already confirmed in USD.
There will be some mid Retest before the distribution Price. Overall look bullish, likely next week even more bullish.
$52.63
$53.65
$53.97
$54.32
$54.48
$54.79
$55.16
Distribution for Accumulation stage = $55.16 follow by $55.66
AVAX broke 50.50 and appears to be correcting.
We're eyeing an entry around 45.00 (100% Fib extension).
Aware of potential BTC/ETH pullback in a double correction impacting AVAX.
Target: 51.70 (T1) & 85.00 (T2).
Stop-loss: 34.80
Risk 1%
