AVAX IS GETTING READY TO TAKE THE STAGE
SMA's gathered together tightly, which is a sign of imminent and sharp price action.
98$ is a strong resistance but has been tried many times and got weaker.
The resistance on the RSI got broken after a long time.
Volume is tiny but still not very bad. A higher volume in the resistance breakout can still render the setup stronger.
You can consider buying either when the resistance is broken or the price drops back to the trend line.
Avalanche
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AVAX trend lines#AVAX/USD
$AVAX hold the long term ascending support.
🐮 price can head up to resistance zone around $90 that is the same with ascending trend line.
break out from this resistance can increase price to resistance zone between $110 and $120.
🐻 rejection from $90 can drop price to current support that touched more than 3 times and possible to break it down to support zone between $60 and $50.
SPECULATION FOR THE NEXT SCENARIO ON AVAXUSDT DAILY -WHAT ABOUT?Technical analysis regarding the price of AVALANCHE in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
1hr to go. Bullish OBV on the 4H for $BTC?These bullish divs in the 4H BTC chart often play out quite well. I'm not excited that we are below the SuperTrend on that timeframe, but the OBV div is set to print in the next 50 minutes. Keep your eyes peeled. Elliot Wave has fully played out as well on multiple time frames.
Let's see how it goes. Market feels super heavy except for NEAR and AVAX is holding onto it's POC at around $85. $*7 for AVAx is quite a critical point .
REMINDER: It's Friday, a weekend.
We have had historically bad dumps on Friday nights when everyone is AFK. Keep those stops tight.
Stay safe and rich out there.
XAVA at long term support#XAVA/USDT
$XAVA broke out descending resistance and confirmed it as support, also price is at long term support zone.
🐮 if price hold this support it will head up to resistance zone around $6 and maybe next resistance zone.
🐻 if it breaks down from current support, next support is around $2.
AVAX - Needs to go Lower for SupportOur updated chart on AVAX shows resistance can't be breached over yet. This most likely means we will need to watch the price go lower to the next support levels.
Market is still weak so we need some short positions again; same like the last days.
Keep you posted.
One Love,
the FXPROFESSOR
AVAX/USDT: Recovery to 120.00 expected in a first step (Update)AVAX/USDT: Recovery to 120.00 expected in a first step (Update view) - For AKTIO (akt.io) users
Avalanche - AVAX is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
Previous analysis - 11/02/2022 :
Context
Avalanche is a hot trendy network platform which introduce the token in october 2020 before progressing fast towards the 54.00 USDT area and evolving in a trading range the first semester of 2021.
The AVAX price action during sept/oct 2021 confirmed the bullish breakout from the consolidation phase with a pull back on the former resistance (54) - The consolidation ended in January 2022 on the same level which graphically speaking caling for a strong validation
The long term logic ( Elliot / Harmonic proportion) lean towards a construction of the wave C or (3) which providing a Strategic perspective target towards 170.00 only after at least surpassed the 120.00 tactical in daily close.
After having reached the first intermediate resistance at 104.00 a ''setback before rise'' scenario is likely.
Tactical View - 1 to 3 Weeks
Technical elements (EMA21/55/89) are all surpassed acting as support at 82 area (entry level in case of dips) and the RSI indicator is also reaching the positive area above 50% providing a clear bullish signal (Pullback potential).
As long as Key Tactical Support remains valide at 68,30 in daily close a further bullish move in extension is expected towards at least 120,00 - then a confirmation of the upside breakout in daily close will be necessary to open 170
Only a break below 65,30 will jeopardize the actual bullish picture opening an alternative bearish potential towards the Strategic Key Support.
We add AVAX at 74,90 in the AKT Portfolio (check giveaway and special golden ticket to get aktio coin limited !!! in signature below)
Enjoy my friend
AVAX/USDT by CryptoTradersWWOn a simple chart, the former support of $100 has now turned into resistance.
Looking at the most recent price movement, it appears that the price has formed a prospective ascending triangle, implying that buyers are entering on every dip. We received another rejection at $100 yesterday, so if you're thinking about going long, this is a high-risk trade unless we see a reclaim of $100 as support.
The first area of attention is the $80 region, which has numerous levels of confluence. We could see another move down to establish another higher low.
Range point of control + daily support + 50-day moving average The ascending trendline provides support farther down.
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AVAX, will the uptrend continue? MAIN SCENARIO!Avalanche(AVAX). The price has returned to the mirror level of $97, which has already tested many times. Now we see that the price is forming higher lows and highs. This shows the presence of the buyer and he is ready to buy higher and higher. The big question is, will another higher low be formed?
A drop below the $97 level is possible. After a short consolidation and accumulation of strength by the bulls, the price may start its growth. It is possible to open long positions at the appearance of large volumes, liquidity collections, squeeze etc.
The FUEL for the PUMP will be the traders who open short trades on the correction!
If the UPTREND continues, we will look for better entry points higher.
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Avalanche Mixed SignalsWe have the classic signals as bullish but the candles are giving out bearish signals.
Yesterday's candle is a shooting star (bearish).
The Doji before yesterday's candle doesn't help either.
With that said, we have prices trading above EMA10 and EMA50, the MACD above zero and a strong RSI.
The November downtrend has been broken though.
Bullish above EMA50.
Correction below.
Namaste.
AVAX (Avalanche) Coin {Market Cap} Analysis 03/04/2022Fundamental Analysis:
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 450+ individual projects, $118M+ of AVAX burned (reducing supply), 1,350+ individual block-producing validators, and over 1.5M+ community members around the globe.
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
The total supply of AVAX is 720 million. Its token distribution is as follows:
2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months.
3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months.
10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months.
9.26% - allocated to the foundation, released over ten years.
7% - community endowment, released over twelve months.
0.27% - testnet incentive program, released over one year.
5% - strategic partners, released over four years.
2.5% - airdrops, released over four years.
10% - team, released over four years.
50% staking rewards
Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX.
The current CoinMarketCap ranking is #10, with a live market cap of $26,215,418,498 USD. It has a circulating supply of 267,355,674 AVAX coins and the max. supply is not available.
we have already Analyzed the AVAX (Avalanche) Coin Asset, you can read more Fundamentals and understand the Project:
Technical Analysis:
Looking at the Price Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 60$ , thus retracement to 8$, followed by 3 Months of Re-Acumulation Phase till Mid August 2021, which developed the New Cycle with its New ATH of Approx. 145$, followed by Price retracements to 50$ which is the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (146$). this means the Price has Been accumulation since its retracement for its 3th cycle which can have the new ATH of 430$.
There exist the Hidden Bullish Divergence of Price Value and MACD , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles.
As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 38.2% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area .
AVAX snowballing - LFGCharted on 28th, posting on 30th for $AVAX
As this is being written, the AVAX conference is over and has been quite a display of events for many developers and investors looking to get in the best alternative EVM network. Besides being part of the SOLUNAVAX and JEWELUNAVAX narrative.
Reasons to be bullish AVAX
+ subnets - handling many transactions that even allows for gas fees to be native token other than AVAX, reducing load on network, #Crabada game and #DFK are the 2 chosen ones for the entire world to see
+ 1 second finality
+ low gas fees
+ seamless experience
+ onboarding tradfi clients for defi
+ gud team
+ Pump season
Expecting a rush to onboard AVAX as more defi initiatives build on top of it and the adoption and entrance from GameFi developers after seeing DFK and Crab’s eventual success. You can learn more about AVAX here
Trading plan - 3 scenarios
Very bullish - 35%
Alts season with BTC getting higher and USDT dominance dropping - this means greater liquidity flow from higher cap alts to lower ones, as well as risk-on behaviour. AVAX ranks 10-11th place but has yet to reach its ATH which will be a psychological target for many. Also part of the strongest meta narratives. Generally as it has broken out of a descending trendline, printed a higher high and bounced off the 0.382 fib (around $89), the demand zone would have shown where people would have loaded up. Targets are overhead fibs 0.5 ($100), 0.618 ($111) 0.786 ($127) and then ATHs ($147). TLDR add on reconfirmed tests of fibs, old demand zone, ranges for parabolic price channel, and flip of old supply zone. It gets tricky once it reaches the 0.5 and 0.618 fib as the latter is an old supply zone, hitting 0.5fib would signify that AVAX is about to enter a parabolic price action yet again. Expecting volatile rejections from these old supply zones and usually the first attempt to breach into parabolic price action channel would fail. Targeting a 3-5 week trade with targets $127 and $147 before seasonal weakness in May appears
Conservative Bullish - 40%
It is a known thing that tokens usually display post-conference dump with reference to Fantom and Solana conferences. Would be expecting the lower 0.236 fib to be tapped near $75 to create capitulation. And then the current supply zone will be retested again, maybe twice, before breakout succeeds and confirmation of support at $89 which is the 0.382 fib that sits comfortably in the new demand zone. TLDR add below current supply zone towards 75.5 or upon breakout and retracement and retest of $89, before targeting $100 and $111, which is the 0.5 fib that could determine bullish or bearish sentiment, as well as 0.618 which is a key fib level which a) typically faces price action rejection and b) coincides with the support of the parabolic channel.
Bearish - 25%
BTC might dip as the price action may be unsustainable according to others, creating sell pressure of AVAX in AVAX/BTC or AVAX/USD pairs as liquidity is lowered and people take profits to protect capital. It would be likely if the price dips towards the lower ascending trendline at $68, and then I would look out for any breaks below this trendline which would indicate weakness and lack of buyers. TLDR short on rejection of 0.236 fib and breakdown of lower trendline with a target of $54, slightly above the old demand zone near $53. Generally I only long coins, so this could be used to determine your entry levels to maximize risk:reward ratios. Also 25% likely scenario because we note that the volume has been relatively lower as compared to previous price run
This analysis involves mainly around fib levels demand/supply zones flipping to provide support(old supply zone becomes demand area) or resistance (vice versa). Awaiting AVAX real price movement once volume kicks in because right now it is already trending upwards on lower volume. If you’re looking more at long term growth, do check out Bybit as they offer spot, perps, 2% APY staking and information on AVAX too
Avalanche: Ready to AvalancheAvalanche still has time until the resistance at $98.77 to finish wave B in green, but it could also decide to avalanche into the orange zone between $70.58 and $58.31 immediately. There, it should complete wave C in green as well as wave ii in orange and use its drive to change direction. In contrast to its namesake, Avalanche should then rush upwards above the resistance at $98.77. However, there is a 35% chance that Avalanche might endeavor to emulate said namesake and slide below the support at $53.16.