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Avalanche

🔥 AVAX Hitting Resistance: Reversal Or Break OutRecently I made an analysis on AVAX and the bullish channel it was trading in. In this analysis I wrote that it was likely that AVAX was going to follow this channel in the near term, which is exactly what it ended up doing, seeing some crazy returns in the process. As of today, AVAX is trading near the top of the channel. Two things can happen, the price either reverses back towards the lower bound of the channel ($100-$110 area) or the price breaks out further and continues the parabolic move. In case of a bearish move, I'd be scouting the lower channel bound for a potential entry. In case of a bullish break out, I'm eyeballing the $150 target for a partial exit. AVAX has been performing exceptionally good as of late. I'm confident that this token has a lot of upside left for the remainder of the bull-run. Happy trading!
by FieryTrading
10
Textbook price action for Benqi a further dive into low cap gem Benqi, a defi platform running on Avalanche (which is a very trendy coin right now and thus infrastructure coins on AVAX will follow) with a market cap of just 180 million usd. As we can see from the price action it has been in an accumulation phase since late August and consolidated beautifully in the lower order block. (brown) It is now starting its first of five impulse waves and right now coiling up for the breakout move beyond the downwards sloping resistance. I expect a move inbound soon beyond the second order block (light brown) towards the 0.618 extension, if it can consolidate in the upper (green) order block; a 250% move is in the making, with a potential towards a 470% breakout. I like low caps! :) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Long
by cryptobullethbtcxlm
6
AVAX Avalanche 4H - Support TargetsToday I am reviewing the 4H chart for Avalanche (AVAX) on a linear scale. The price dropped today as did the entire crypto market except for a few outliers. In the chart I noted: 1) The Ichimoku Cloud support in green which is looking strong. 2) 3 areas of Support in case there is a possible price drop further. 3) The 50/100/200 MA with the 100MA at Support 2. 4) The Volume Profile (VPVR) showing the major support areas going down. The volume overall looks healthy. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline. What are your opinions on this? I love reading your comments below. Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
COINBASE:AVAXUSD
by MillionaireEconomics
AVAX Possible Bullish BounceCHART SUMMARY Binance - Weekly Candles - AVAX/BTC CHART OVERVIEW Fibbonaci Circles: from the centre outwards = 0.382, 0.618, 1, 1.618, 2.618, 3.618. ANALYSIS The price is heading towards the green 0.618 circle, this is a pivotal price point and could indicate a bullish bounce is upcoming. CONCLUSSION If lots of volume and a sharp rise occurs after contacting the 0.618 circle this is looking bullish, if price drops through and lingers below it's looking bearish. What do you guys think, bullish or bearish? Personally I'm bullish based on fundamentals and price action. *DISCLAIMER: NOT PROFESSIONAL ADVICE
Long
by cmpkpersonal
5
AVAX/USD - Show of strength while market tanked! 😎AVAX pumped while most of the market tanked. This is a show of strength! While we have still not passed the all important resistance, we have made a new all-time high! This is bullish. If AVAX can pass this resistance and make it support we will go much higher. Indicators are also curving back up and volume looks healthy here. Looks promising and bias is bullish. But we got to pass this resistance soon, the longer we wait the higher the chance we drop back down. Be careful. Like and follow if you liked my idea!
Long
by DU09
1
🔥 AVAX All Targets Hit: Bullish ChannelAround a week ago I made an analysis on AVAX. In that analysis I targeted $90 and $100 as a result of a pennant break out pattern. As of today, $100 has been hit, Congratulations if you took the trade. Since AVAX's is currently vastly outperforming a good majority of other crypto's, I don't see the trend ending anytime soon. However, I'm expecting the top trend line of the channel on the chart to offer strong resistance. Most noteworthy support at $80. So for now, I'm putting my bet on AVAX continuing this channel pattern in the near future. At the earliest this token will go bearish after hitting the channel top. Assuming BTC stays relatively stable. Happy trading!
Long
by FieryTrading
9
$COMP/USDT 12h (Binance Futures) Falling wedge breakout & retestCompound just regained 50MA support and looks ready to push higher towards 200MA resistance, let's not miss next dip! Then, we'll see if strong enough to break out of the big symmetrical triangle and start a massive bull-run. That DeFi / BSC governance token is a DAO lending protocol, also part of Polkadot & Avalanche Ecosystem, more info on compound.finance Current Price= 348.23 Buy Entry = 343.23 - 331.29 Take Profit= 384.87 | 437.98 | 491.78 Stop Loss= 305.42 Risk/Reward= 1:1.5 | 1:3.16 | 1:4.85 Expected Profit= +28.24% | +59.72% | +91.64% Possible Loss= -18.88% Fib. Retracement= 0.5 | 0.702 | 0.883 Margin Leverage= 2x Estimated Gain-time= 1.5 months
Long
by TradingOn
2
AVAX/USD - ATH @ $99.90. Time to be careful! 🙄AVAX has been in a clear bullish trend for some time and has set a new all-time high today at just under $100. However, so far, the bullish momentum wasn’t able to surpass the milestone level, and today’s candle might end up with a long wick to the upside. The critical resistance level lies at the $100 – $102 range. If bulls fail to close above the resistance, we can expect a retracement to the key support level around $78. Trading Volume: Volume was high (bullish) on this last leg higher; however, it is still lower than the volume recorded in September. A decreasing amount of volume in an uptrend is a possible sign of trend weakening. RSI: The RSI has seen a large bearish divergence. Each higher-high on price was followed by a lower high on the RSI, ranging from August to November. If this divergence plays out, then AVAX may enter a significant correction. MACD: The MACD on the daily timeframe is bullish at the time of this writing, but similarly to the RSI, the MACD histogram shows signs of a bearish divergence. Watch closer if the MACD goes through a bearish cross on its moving averages. The bias for AVAX is bullish right now, however, if support fails to hold, it can quickly turn short-term bearish. While today’s 3-digit all-time high gives an excellent reason to celebrate for Avalanche holders, the strength of the last leg pales in comparison to the past. This is sufficient reason for extra cautious watching the price action and the daily and weekly candle. Following a major rally, AVAX might need to breathe some air and retest the critical support at $78 before attempting to break $100.
by DU09
3
AVALANCHE - 100$ 🗸🍊 AVAX has done GREAT for us. We had called it our 'Spot Queen for the Season' with a target of 100$ and it became a reality very fast: We know a breakout when we see it and when Fundamentals agree it's sometimes easier to more than double in 90 days than it is to do so in months: what a fantastic example this has been. Once again: Blazingly Fast, Low Cost, & Eco-Friendly. Solid Tech, robust tokenomics and a visionary founder. It can easily overtake some of the Tokens/coins that have stopped growing, like Polkadot, XRP and DOGE. Not as fast as Solana, not as decentralized as Cardano , not as profitable as Ethereum but the parabolic growth should grow. The AVALANCHe community is fanatic with AVAX and the growth seems more organic and healthy than the competition. TECHNICALLY: Time to take some profits and wait for a new entry. Price might need to ,ose some steam and test support at 83$ before going higher. It's been fun, yes. One Love, the FXPROFESSOR
Long
by FX_Professor
3
Avalanche bulding great eco system to the crypto spaceAvalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. Unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol. Rank #13 Coin On 392,686 watchlists Avalanche Price (AVAX) $95.48 11.04% 0.001476 BTC9.52% 0.02063 ETH11.28%
by doqstrader