After exiting the downtrend channel, AVAX formed an uptrend line while moving in the liquidity zone.
The price broke up through the 50, 100 and 200MAs on the 30m Timeframe.
I expect that after fixing above the support level, the price may continue to rise.
It's worth paying attention to volume growth because price just broke above the level.
Just a very quick update today. Please take a look at the purple area on the chart. BTC, along with the majors, have arrived at the trend bottom. This area must hold for BTC reversal to play. There is still some room for the price to spike down. Expect high volatility over the next few days as the trend is tested and established. It could take another week or two...
Literally been accumulating all the way down on levels that look key for a reversal - this is going to end up being one of the best macro longs in the market when it does exactly what ETH did from $100-4800~.
Many of you probably aren't familiar with a trading strategy called basket trading. I got first introduced to it from my Forex trading days and immediately saw its value. I apply that to Crypto trading to minimize my losses and keep my trades stable and less volatile. It also allows me to harvest profits as targets are reached.
Here are the facts about the...
#AVAX/USDT Bullish chart Update:-
= $AVAX currently trading at $66
= Highly Potential to hit $500
= 2000% Up after first Accumulation zone.
= 1500% Up from 2nd accumulation zone.
= 1000% Expecting from the next Accumulation zone.
= The next Accumulation zone will be $35-$40
= Red Box RSI is the Perfect Entry zone.
= Expecting RSI will hit 30
= This time Breakout...
Breaking out of the triangle defines mid-term targets for the Avalanche.
Breakdown of the key support level $60.00, which is the point of intersection of the triangle trendline at D-1, is a strong signal for the continuation of the current trend. The target of $50.00 per coin will be a clear confirmation of the breakout of the key crossover. The support level at...
Continuing the movement in the descending channel AVAX broke up 50MA at 30m Timeframe and tested the lower boundary of the channel.
The current behavior of the volumes is similar to how the volumes of trades on WAVES, which we reviewed in a recent idea.
In case the price fixes above the lower boundary of the channel, I expect a bounce to the resistance level.
The following content is machine translation:
On the weekly chart, the current general trend is a downtrend. Showing a downward trend of 5 waves, it is currently in the 5th wave decline, and will continue to complete the 5th wave downward trend, and look at the support near 40.
Two days ago, I posted how the market is tipping over to the bullish side. Today is a continuation of that post. If you want to look at my previous post, please take a look here.
The volume weights for today to recreate this exact chart are the following (enter it in symbol...
Regularly, I will be sharing something a bit different moving forward. I have a single chart of the ten major cryptos based on the volume. This volume determines the weight of each crypto in my analysis. This allows us to have a high-level overview of the market’s major movers in one go.
If you want to try it out yourself, enter the following formula under...
we are in a recession, we are in crypto winter. i will not be touching any alts. however i have a position in avax and will most likely hold on to it. this bullish bat is something to hold onto and really the last chance
Avax looks to be getting caught up with the Luna fiasco. LFG have a bag of avax that they are unloading on to the market. Look for the $40 mark to be broken and from there you can short and look for lower prices.
This asset has lost 2/3 of it peak value. But, is the fall in value over.
I hope we all learnt from this asset that FEAR OF MISSING OUT IS BAD. However, I am bullish LONGTERM.
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50MA and 100MA crossed upwards of 200MA at the 30m Timeframe.
After reaching the liquidity zone, the price began a correction on declining volumes.
I expect that after fixing above the support level, the price will again move towards the resistance level.