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Avalanche

🔥 AVAX Bearish Wedge Break Out: Reversal Soon?Around two weeks ago I made an analysis on AVAX. In this analysis I argued that we were trading in a bearish wedge and that a bearish move was in the cards. In the end, we broke out on the downside, and are currently seeing some bearish pressure. With BTC going parabolic, I don't think we're done yet. My main reversal area is the area between $55 and $47.5, based at recent points of inflection. Main target for the incoming reversal is placed at $75. Happy trading!
Long
by FieryTrading
7
Avalanche Crash to $35-40 inevitable?Ignore the scale, as I simply dragged the respective price trends of Bitcoin and Avalanche into an empty field of the chart for a better visual representation. For Bitcoin, this is the distribution pattern from February to mid-May this year. To the right of that, we see the price history of the AVAX token from September to today. The Bitcoin price trend here only serves to illustrate the consequence of a collapsing uptrend. As can be clearly seen, the strength of the uptrend is steadily decreasing over time. This can be seen from the fact that the intervals between the new high and the previous high are getting smaller and smaller. This can be explained by the fact that it is becoming increasingly difficult to find enough new aggressive buyers who can maintain the previous pace of the uptrend. The upward movement is about to collapse. The latest warning signal of this is in a lower high, after an already noticeably sharp countermovement formed in the wake of the previous high. This movement is also known as the Dead Cat Bounce. Should Avalanche see a relatively similar correction to the one seen in Bitcoin back in the day, a return to $35-40 would be the favored scenario here.
Short
by MisterCoinlover
3
AVAXUSDT 1DHi everyone Possible routes of price movement AVAX AVAX has broken channel support In addition, the price of Bitcoin looks weak and increases the validity of the downtrend scenario Therefore, with the price below $ 65, support at $ 61.1 will follow, and then the $ 55.36 demand barrier will be tested again If support at 55.36 fails, we can expect further price reductions On the other hand, if the price can jump above the $ 65 support level and re-enter the channel, we can ensure that buyers return to the market With the formation of a higher ceiling above the level of $ 79.68, the new uptrend will resume How do you think the price will move? Thankful have a nice day
by shayanfb
1
AVAX Bullish Momentum Continues - Approaching $76Hello Traders! Avalanche is also the part of current bullish momentum of the Crypto market. Currently trading around $70 which is just above the recent strong support zone. More likely it is up right from here as the price is continuously getting long wicks rejection and showing intention of the traders. So I believe we should stay in buy and find AVAX long traders a earliest to cash this move. To me, we should buy it between $70 and $69. Good luck. Happy trading!
Long
by traderriazofficial
🆓Avalanche (AVAX) Oct-2 #AVAX $AVAXAVAX has just broken the 70$ zone and is heading to 80$ and 100$ zones this October. But if it loses this 70$ zone, it will have a correction to 60$ zone before rising strongly in this October 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 70$ zone 🔴Buy : 70 🔴Sell : 80 - 100 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 70$ zone 🔵Sell : 70 🔵Buy : 60 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of 1-day candlestick is Above the zone 🅱️B : The Close price of 1-day candlestick is Below the zone
Long
by CryptoStation
🔥 AVAX Rising Wedge: Potential Bearish Move AheadIn my last AVAX analysis I discussed the possibility of a rising wedge being formed. Rising wedges are, classically speaking, bearish reversal patterns. As it seems now, AVAX has indeed bounced off the top trend line of the wedge and made its way down. This morning's pump made AVAX bounce off the lower trend line again, but it remains to be seen if AVAX can maintain this bullish price action. In case of a bearish break out, I'm looking at the area between $55 and $47.5 for both potential bearish targets and a moment to step in the market again and time the bottom. Happy trading
by FieryTrading
12
AVAXUSDT (Avalanche) - Coin of the WeekAvalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 200+ individual projects, $14M+ of AVAX burned (reducing supply), 1,000+ individual block-producing validators, and over 600k+ 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. Technically, we are in a consolidation phase for this crypto that will probably fuel the next move to the upside. We give a higher probability for a move to the upside after the orange trendline is broken. The price may correct until it reaches the blue trendline and reverse after that so we will have to study the price action carefully to decide when the momentum is on our side. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
5
Avalanche AVAXUSDT - New ALL TIME HIGH! Very bullish coin!- Avalanche AVAX Rank #11 Coin on coinmarketcap. - The price is above the All Time High level, which is of course very bullish. - We have a huge parallel channel, can serve as a resistance on the top. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
12
🔥 AVAX Bearish Wedge: Potential Strong Bearish MoveAVAX is currently seeing a strong rebound from the lower trend line of the pennant. With the markets currently in turmoil, there's a decent chance for AVAX (and crypto in general) to see a stronger bearish move in the near future. Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling shortly. This will depend on the overall market. Main bearish targets are $47.5 and $40. Ideally, wait for the pennant to break on the lower side. Happy trading!
by FieryTrading
10