AVAXUSD trade ideas
AVAX Establishing New Support Levels Around $100Look for entries just over $100 or anything you can nail down below. Avalanche also has news behind it with many strong projects launching and seeing success on it, as promised. Note that in August of 2021 this year, AVAX was less than $20... so many investors from months ago are in major profits. Major mountains of support from volume profile (shown as horizontal bar chart on candlestick price action section) are then at approx $50 and $80.
Extrapolating, $100 to $110 level could become the new major mountain of support that is growing.
I am liking EXRD Radix as a new alternative and enhancement to AVAX, though it is no where near as established yet ;)
From the Daily chart, AVAX is a little high but look for stochastic RSI to oscillate down to oversold in lower timeframes such as 4HR and 1HR.
Staking AVAX is a great idea, and the community is coming along to be as strong as EGLD and ADA in my opinion.
Today I am neutral on AVAX, but in general and in the medium to long term I am very bullish on all coins mentioned. Especially watching EXRD.
AVAX Avalanche 4H - Support TargetsToday I am reviewing the 4H chart for Avalanche (AVAX) on a linear scale.
The price dropped today as did the entire crypto market except for a few outliers.
In the chart I noted:
1) The Ichimoku Cloud support in green which is looking strong.
2) 3 areas of Support in case there is a possible price drop further.
3) The 50/100/200 MA with the 100MA at Support 2.
4) The Volume Profile (VPVR) showing the major support areas going down.
The volume overall looks healthy. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline.
What are your opinions on this? I love reading your comments below.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
AVAX/USD is currently trading at $90AVAX/USD is currently trading at $90.
Support is present at $85.
The price analysis of the Avalanche cryptocurrency shows that it is trading at a record high of upwards of $98. The AVAX/USD has corrected today, with bulls regaining enough power for a possible move higher, surpassing the previous all-time high level. According to technical models, the next resistance AVAX may be at $103.4.
Avalanche: Could still 10x in this crypto cycleThis is our first time covering Avalanche. AVAX seems to be starting a new uptrend, that could lead up to $900 by March 2022, when the cryptocurrency frenzy hits retail. If we look at Defillama, the TVL in that layer-1 is increasingly significantly, at a faster pace than even Solana. AVAX has been consolidating for a while now and seems ready to go higher.
AVAX Long, Target of $122 by EOM, Breakout 12-14NovThe cup and handle pattern played out as expected and now a bull flag is forming on the daily. The bull flag target matches up nicely with the sine wave projection as well as the fib extension. A lot of buys orders coming in during this correction and a push upwards is imminent. TSI has headroom as well as beginning a new momentum cycle.
AVAX tests new all-time high at $88 on the hourly chartAvalanche price analysis is bullish today.
AVAX/USD found support at $80/
AVAX is ready to move higher again after testing new all time high.
The $73.5 mark was a barrier to more downside yesterday, resulting in sluggish trading this morning above the support. We will most likely observe AVAX/USD rise today, with $88 as the price level to breach.
AVAX - $209 MID-DECEMBERI like AVAX just because it has such a rad name... rad names = superbullish... JK! very good project makes me super bullish long term.... so i'm looking at $209 around mid december...
people need to understand setups require time to mature so a prediction today does not indicate a target is reached tomorrow
have patience, this will happen but also not trading advice
stay safe homies/homegirls/whatever else you go by these days
tg