Avax has formed a cup and handle and it looks like it has already broken out and trying to establish a strong support before making a +20% move.
Target $52
AVAX continued to decline until last Friday. Then, however, there was a change of direction and the price shot up by more than 12%. This development strengthens our assumption that the downward swing was merely part of the substructure of the current (corrective) upward movement. We now primarily expect the magenta wave (b) to bring further significant increases....
The Avalanche token AVAX was created about September 2020, and began trading on exchanges about a year later, after an investment of 230 million USD by an investor group.
The all-time high of the token is US$ 147.50, achieved shortly after its listing. Since then it has been trading downward alongside the general crypto winter of 2022 to a low of $8.62 (Coinbase)...
BINANCE:AVAXUSD Hello traders, I have determined the target of the harmonic pattern on the chart.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Hi guys
Cryptoanteger here !
About me
I hate social media and a deeply introverted guy with interest in numbers , astrology , mystical sciences, numerology etc.
I come rarely out of my shell and the purpose of this TA is to help you make money .
I bought SOL at 20 $ and have been riding it till recently .
SOL is good hold and will make you money but AVAX...
I suspect a pullback to the 36$ to $31 range. There I will place my longs.
Using the Order block finder indicator I can see a range of shorts and longs. Gann fans help visualize where the price may go.
This chart is a follow up to the weekly Avax chart here
V-V-V-V-V
February has been very positive for the AVAX price so far. In the next step, the altcoin should establish the high of the magenta wave near the resistance at $56.43. Thus, the latest bearish pressure should be conquered soon in favor of new upward momentum. As part of our primary scenario, the upcoming wave high should initially be followed by a sell-off until...
There is a formation of a bullish pattern on BINANCE:AVAXUSDT , and it looks so pretty enough for the bulls.
However, there will be an unlock event on the 21st of February, this may present an opportunity to buy Avax before it leaves the train station.
I am going to make a purchase here, then I will DCA when I see it at a cheaper price.
May the bulls be with...
A lot of charts are starting to show some bullish signs and AVAX appears to be one of them.
This is a daily chart and money flow is DEEP in the red with seriously heavy divergence forming on the wave trend oscillator.
Current trading plan is a long entry with a 1-4% stop loss area. First target is the immediate local unbroken high at 9.60 approximately 10%...
AVAX three waves back into the 50% retracement.
The idea is that wave 2 in yellow is already in place.
Long @ 32.66
SL @ 27.16
TP1 @ 37.80
TP2 @ 68.00
Risk 1 %
I suspect AVAX will form a double-top before more pullback. Cup and handle pattern is now in play and takes us just shy of our $48 price. I plan to some (maybe half) of around 42. I will then move my SL to break even and let the rest ride, trailing stops as we go.
