Quick idea for the altseasonBreaking through a clear resistance level presents an excellent trading opportunity, especially when we’re potentially on the verge of altcoin season.
Buying the AVAX breakout offers a risk-to-reward ratio with downside risk below 10% and potential upside returns approaching 40% if the chart patter
Key stats
About Avalanche
Avalanche is a layer-1, proof-of-stake blockchain, posing as a direct rival to Ethereum given its focus on smart contracts and aim to accommodate a plethora of decentralized applications. Launched in 2020, Avalanche’s network offers high transaction throughputs. It also offers blazingly fast finality times (the time before a transaction can be considered complete or ‘finalized’) of around one second compared to Ethereum’s one minute. All this has put its native token AVAX up there with the speediest cryptos in the game. Its ‘Avalanche Bridge’ (AB) also aims to open a channel to Ethereum, allowing for easy passage of assets on the rival chain.
Related pairs
$AVAX \ AVALANCHE AVAX is trading below the long-term descending resistance line on the weekly chart.
The price is moving within an ascending channel, rebounding upward from a strong demand zone.
This structure signals a potential trend reversal.
If the critical downward trend breakout occurs, a new upward wave w
AVAX Set for AB=CD Rally?BYBIT:AVAXUSDT has been in a bullish trend and has broken it's major resistance levels, breaking out of consolidation areas.
Currently, price is finding support between 0.5 / 0.618. If price starts trending up from here, we can expect the pattern projected price to be achieved in the upcoming mont
Will Avalanche (AVAX/USD) Steal the Spotlight in This Rally?💎 AVAX/USD | AVALANCHE vs US DOLLAR | Money Looting Plan 🎯
📌 Trade Bias: Bullish Swing / Day Trade
Hey Ladies & Gentlemen (Thief OG’s) — here’s the latest plan on AVAX/USD where we use the classic Thief Layer Strategy (multi-limit layering style).
Thief Strategy Plan
Entry Zone (Layering Style):
M
AVAX: Wave Count Adjusted for AVAX After 20% Drop Avalanche (AVAX) has pulled back about 20% from its recent peak since our last update, prompting us to adjust our wave count. At present, we see the coin in green wave , which is subdivided into a beige (a)-(b)-(c) three-part move, with wave (c) currently in progress. Once it bottoms out, wave sh
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
Avalanche (AVAX) reached its highest price on Nov 21, 2021 — it amounted to 146.423 USD. Find more insights on the AVAX price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Avalanche (AVAX) reached the lowest price of 8.255 USD on Sep 25, 2023. View more Avalanche dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying AVAX is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade AVAX right from TradingView charts — just choose a broker and connect to your account.
You can discuss Avalanche (AVAX) with other users in our public chats, Minds or in the comments to Ideas.