Get started

Avalanche

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 .
CRYPTOCAP:AVAXLong
by BitonGroup
5
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
Long
by Zyale
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.
BINANCE:AVAXUSD
by MarketIntel
1
Avalanche (AVAX) - March 30Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- ** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward. (AVAXUSDT 1W Chart) Primary resistance: around 107.62 Secondary resistance: 133.79-142.52 Support: 72.72-81.45 (1D chart) Key Point Point: 89.59 We need to see if we can move up along the rising channel that has been formed in the short term. However, it may temporarily touch the 4th section (72.72-81.45) and rise, so careful trading is required. (buy) - After confirming the support around 89.59 (Stop Loss) - When it falls below 81.45 - When it falls below 72.72 (Sell) Sections 1 and 2 are a psychological resistance section, and there is a high possibility of shaking up and down. So, if you decide to sell 100%, you should not buy again if the price rises. - When resistance is received in section 1 - When resistance is received in section 3 ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
AVAX Bull Flag breakout$avax broke out of bull flag with good volume on H4. PT is 107. #avalanche Currently at first nPOC with 3 more H4 above lining up with PT. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. Never use just 1 indicator for confirmation. 7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Price Action greater than Indicators/Fractals/MAs 10. Horizontals greater than Diagonals Please Note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
Long
by DaCryptologist
AVAX, is this BREAKOUT the BEST buying opportunity?Avalanche (AVAX) is squeezing and trying to break up the trend line! What will happen next? While most Alcoins have already broken the trend line and Bitcoin is showing strength, Avax is not breaking through local resistance yet. We think this squeezing of the trend line is a STRONG bullish signal and the price will break up soon. Locally, the Avalanche could easily reach $100 level. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
10