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Avalanche

AVAXUSD Cycles with SineWaves. Is it accumulation at the bottom?Avalanche has been one of the surprises of 2021 and despite the market correction since November, it is seen consolidating in rage. I've spotted an interesting cyclical behavior of AVAX, which can provide a fairly accurate pattern to long-term investors. As you see it is going through phases of accumulation - rise - sell off. There is an underlying Fibonacci Channel that is supporting its long-term uptrend since the September 2020 market bottom. I've applied the Sine Waves for a better understanding of AVAX's cyclical behavior and as you see it shows that we may be currently half-way through the new Accumulation Phase. The 1D CCI hit last week its long-term Support Zone and has been rebounding since. Such hit and rebound sequences are only seen during AVAX's accumulation phases. Based on that pattern, it is possible to start seeing the new Rise Phase towards the end of February but if you have a long-term investor mind-set, this model shows that Accumulations are done on market bottoms, so the time to buy is now as if the rest of the market rises before, AVAXUSD should follow. The next target for a Higher High is the 1.5 Fibonacci extension around $315.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Editors' picks
BINANCE:AVAXUSD
by TradingShot
25
avax 1-10 update 🎵avax seems to be playing out my original trajectory via 👇 i seriously didn't expect to see it back down at these prices to be totally honest. if it genuinely does get down into the 60's, i'm going to be all over it. i don't have a stronger pick than avalanche (aside from ethereum); they are my top two going into the future. ps. once this bottom is in, we should begin some sort of move to the upside - just not sure what that move is going to be just yet. its possible that this will complete a wave W, then we still have a larger wave X and Y to go before the real bull run begins.
FTX:AVAXPERP
by Eloquent
2
AVAX Long term bullish, short term only whales know!!! NOT A FINANCIAL ADVICE !! AVAX, We are at the lower side of the current descending channel. There is a chance to move up-side and get rejected at the top of the channel. For a quick swing, a position from $90 to $100 might be worth trying. As long as we hold the overall bullish support things are looking good long-term. If we break below the support line then it can get a bit ugly. Remember to always have stop-loss and plan your next move. Also, be careful of StopLoss hunting of the Market Makers and Whales! Do not put stop loss exactly at obvious supports!
CAPITALCOM:AVAXUSDLong
by GoatOfWallStreet
Will there be an AVALANCHE? (AVAX Long-Term Analysis)AVAX has been trading within an ascending channel since August 2021 finding support multiple times and keeping above its 100/200 day EMA's. As BTC’s ~45.6k support broke yesterday evening, many alts have faced a pullback. However, most are still trading near the bottom of their long-term channels and have found some level of support despite BTC’s drop to ~42.5k. Here, we can see that AVAX could bounce from the bottom (~85) but I wouldn’t open a trade blindly as currently, we are in free fall. It is worth waiting for an initial green candle from the ascending support before buying. I haven’t posted a BTC analysis yet but I think the ~42.5k support could break (unless there is a big buyer) in which case we can move to the ~41k level. If this happens quickly, the panic/liquidations could cause a quick wick toward 39k. Provided the long-term supports hold for the alts I have posted so far, this could be a fantastic opportunity to accumulate the alt you have been wanting for a low price. What are your thoughts? Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments, questions and thoughts below!
by kush23456
avax 12-29 updategood evening, have a wolfish update on avax. ---- as some of you may know, this is my favorite project to date i stake the projects underneath it, and am extremely bullish on the entire eco-system. my longer term upside target for avax is at 22k (yes 22k). ---- so i have somewhat of a bullish alternative here to my last post- there's a chance that the recent move up was a wave (1), and this little dip that we've seen over the last few days is a wave (2). if this is indeed the case, then wave (3)'s upside target would sit at about $228 via that 1.618% extension. conservatively, i'm only aiming for $165 on this trade (the 100% extension) depending on the wave structure once we get closer to that area, i'll re-assess this idea & take it from there. 💸
FTX:AVAXPERPLong
by Eloquent
9
🔥 AVAX Worst Case Scenario Brings Huge OpportunityAVAX has been one of the bigger winners since the summer-21 bear market. However, it seems that AVAX is currently seeing some bearish price action together with BTC's distress. AVAX's worst case scenario would be a sharp drop, all the way to the lower support. Be aware that such a sharp drop will most likely go hand-in-hand with a sharp drop in BTC's value, potentially targeting 30k. In case something like that happens, it's better to be prepared. So, in case we're going to see a massive drop in the coming weeks/months, I'm looking at the yellow area for a potential entry. Be aware I'm not saying we will go there, only my actions in case we get there. Happy trading!
by FieryTrading
7
AVAX on the 4hr chartThere has been multiple candle closes towards the top of the ichimoku cloud, which indicates the price should drop to the bottom of the cloud. The last 8 candles could also be seen as a sideways double top which is a further indication of a slight retracement There is a bullish TK cross I believe AVAX will either bounce off the 0.5 fib retracement level OR bounce off the bottom of the ichimoku cloud, and then breakout above the cloud. LET ME KNOW WHAT YOU THINK
by CharlieMcclelland
$AVAX/BTC 4h (Binance Spot) Bull flag on supportAvalanche is accumulating and looking ready for bullish continuation after bouncing back on 200MA. Current Price= 0.0017913 Buy Entry= 0.0017917 - 0.0016917 Take Profit= 0.0021484 | 0.0025481 | 0.0030662 Stop Loss= 0.0014697 Risk/Reward= 1:1.5 | 1:2.96 | 1:4.87 Expected Profit= +23.35% | +46.30% | +76.05% Possible Loss= -23.12% Fib. Retracement= 0.618 | 1 | 1.414 Margin Leverage= 1x Estimated Gain-time= 4 weeks Websites: www.avax.network www.avalabs.org Contracts: #Mainnet #BEP20 0x1ce0c2827e2ef14d5c4f29a091d735a204794041 #AVAXC FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z
Long
by TradingOn