AVAX has been forming a triangle pattern for an extended period. The price was respecting the triangle and making higher lows. Everyone was expecting a bullish breakout and continuation of the uptrend. However, the price reacted to the fall of Bitcoin and started to fall with it.
The triangle pattern:
The triangle pattern is a neutral pattern that can be either...
The current price of Avalanche ( CRYPTOCAP:AVAX ) is poised to face resistance as it approaches the $51 to $56 range, which has been a challenging hurdle for the past three weeks. Adding to the concern, a bearish divergence identified on the weekly chart indicates that a correction may be imminent.
However, investors looking for long-term gains may find value in...
Some idea as the previous post, but on the USDT pair and on a 4h timeframe
Triangle forming on the AVAX/USD 1H timeframe.
I would wait for confirmation that the breakout has occurred, then enter the trade and exit at one of the targets.
If the price touches the support line 2, my trading setup would have been invalidated and I would not enter the trade.
Trade...
🔍Today, I'm analyzing AVAX, which is currently consolidating between the levels of $58.40 and $47.72 after an upward move. Presently, it's hovering around the support at $53.12, approximately the midpoint of the range.
⚡️Following a fakeout above $58.40, the trading volume has gradually decreased, indicating ongoing consolidation.
📉For short positions, the...
Hello Trader BINANCE:AVAXUSDT.P
better bullish for the swing chart can be bought in the weekly key lev area 50-52 area
take profit 35%
stop loss 8.5%
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Disclamer: Not Financial Advice
📊Analysis by AhmadArz:
🔍Entry: 53.42
🛑Stop Loss: 52.33
🎯Take Profit: 54.45-55.62-57.28
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Popular EVM compatible coin AVAX BINANCE:AVAXUSDT has been forming a bullish pennant on the 12 hour timeframe. Recently a number of AVAX based meme coins have done well seemingly in response to AVAX coin’s performance.
According to data from coin gecko.com, the price of Avax has risen by 37.9% in the last 30 days and is up 228% over the last one year. Still...
1. I haven't sold any AVAX yet and don't plan to. I'll do it at least above $200.
2. I see huge potential in the project, so I'm ready to HODL.
3. I've marked approximate targets on the chart.
- Not financial advice, trade with caution.
#Crypto #Avalanche #Investment #AVAX
✅ Stay updated on market news and developments that may influence the price of Avalanche....
💎 AVAX has recently shown significant market dynamics, rebounding from the support area, suggesting a potential continuation of its upward movement towards the resistance level around $65.5.
💎 This resistance area corresponds to a previous higher peak, and a breakout above it could pave the way for further gains, the probability of reaching our target supply...
currently trading at $57.77, watching a potential resistance level at $61.50 in the daily time frame.
If AVAX can surpass this resistance level, it could signal further bullish momentum for the token. However, if it fails to break through, it could face some selling pressure in the near term.
Avaxusdt is approaching a significant supply area, and we anticipate this resistance level to exert downward pressure on the price for a period.
We expect a rejection from this zone, and the immediate demand area presents a favorable buying opportunity. In the event that this level fails to hold as a weak support, our focus may shift to the critical demand zone,...
The recent announcement of the Avalanche Foundation's Memecoin Rush initiative, injecting $1 million into the ecosystem to catalyze community coin adoption, has ignited both excitement and skepticism within the cryptocurrency community.
While the initiative aims to incentivize trading and liquidity provision for selected community tokens such as Kimbo ($KIMBO),...
👉 The Price Sitting Above The Important Trend Line And Also There Is a Bull Flag Is On The Table, Expect a Breakout From The Bull flag And Start a New Bullish Move Toward a 69$ In a Short Term
Avalanche is holding the support zone of $52-$54.
A move towards $60 and a bullish break-out with another daily candle closure above $60, the key daily resistance, will push AVAX price higher towards $64-$67 and higher to $72 .
A bearish dip to below $52 will result in a decline to re-test $47-$49, the key daily support.
Below $47 is the daily range zone where...
Diamond Pattern Analysis
After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35.
If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81.
It is crucial to set a stop-loss because this pattern doesn't...
