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...
Currently, Avalanche can process an incredible 4,500 transactions per second, while Ethereum can only process between 15 and 30 per second. This vast difference highlights Avalanche as the superior platform in terms of scalability and transaction periods.
exited all longs with this pump. was mainly in eth as wee moved avax long profits to eth a few days ago.
don't think avax takes out the high. was the final momentum pump we were looking for.
next two weeks or so expecting all downside action.
just about everything should be a safe short from here.
AVAX 1D: Bearish flag brewing as illustrated between the white regression lines. Also note the declining volume against rising price as shown along the bottom of the chart. Strong price architecture is built on a solid volume foundation. That foundation looks to be waning.
A downside breach of the 24.17 level, which is (-2 ) standard deviations off the linear...
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Here are the facts about the...
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...
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...
On the above 3-day chart price action has corrected 90% since the sell signal back in November. A number of reasons now exist to be bullish, including:
1) A ‘incredible buy’ signal.
2) RSI resistance breakout.
3) Price action confirms support on Fibonacci 0.786 as measured from the July 2021 low.
4) Dragonfly DOJI candle prints on 2-day chart (not shown...
Avax Bounced of the 21$ resistance.
Expecting a retest of the Support. If we stay above it after the retest and break above the downtrend line,will be a good buy signal.
MACD is in positive momentum and RSI looks positive too and close to oversold.
Our First Target will be below the Major resistance of 51$ and the Second at 38.2% FIB retracement near 70$.
Avax is another L1 that I like to keep my eye on. I traded in and out of this a few months ago but after doing some research and using the blockchain itself personally, AVAX has been a name thats grew on me.
Im bullish on many L1s including AVAX. So what is Avalanche? Its an open-source platform for launching decentralized finance applications and enterprise...