Avalanche
AVALANCHE (AVAX) potential GEM for my first followersI've been interested in AVAX for a while now along with some other newer cryptocurrencies and I think there is potential for 14% gains short term and a very nice 44% trade around OCTOBER (dont forget, IF THE IDEA IS STILL VALID)
This is one worth watching and researching more.
Theres a POTENTIAL Elliot Impulse Wave scenario playing out here IF THE PATTERN REMAINS VALID... I'll update this with some confirmation numbers and numbers to look out for soon.
Targets would match up with fibonacci retracement levels on DAILY and higher time frames.
Also, WEEKLY RSI (I think shows more in this situation) shows potential for big gains if the upward momentum can continue.
AVALANCHE - Our Spot Queen for the Season 🥨🥂Xmas is coming sooner than we think.
London tends to turn Xmas decorations in early November but we, here at FXPROFESSOR we start our planning from mid-September!
All i want for Xmas is to see AVALANCHE over 100 because that will be my shopping budget..that's the plan at least.
ps. even if cryptos go to zero there will be happy faces in this house, make sure you save first and then invest... what you can afford to 'lose'
Come on AVALANCHE..100$ is easy for you, you can do it.
oh and some more AWESOME NEWS!
the FXPROFESSOR
🆓Avalanche (AVAX) Sep-14 #AVAX $AVAXThe buying force still exists at 50$ zone and if it doesn't lose this zone, AVAX could move up to 64$, 78$ and 100$ in this September and early October. But if it loses the 50$ zone, AVAX will move down to 40$ or even 32$ zone
📈BUY
🔴Buy : 48.8-51.2$. SL if B
🔴Buy : 62.5-65.5$ if A. SL if B
📉SELL
🔴Sell : 62.5-65.5$. SL if A
🔴Sell : 76-80$. SL if A
🔴Sell : 97.5-102.5$. SL if A
♻️BACK-UP
🔵Sell : 48.8-51.2$ if B. SL if A
🔵Buy : 39-41$ if A. SL if B
🔵Buy : 31.2-32.8$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
AVAX loading up for move!Here's a quick look at AVAX 1 hr chart. As we can see, the price has printed a falling wedge and we could see a break to the upside soon.
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
-------------------------------------------
The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 58$
2. 60.5$
3. 64.5$
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Is AVAX the next big thing?Could Avalanche AVAX be the next big thing in the Space? Rumors of big players getting in.
Let's try to look at the chart: it seems to be moving very well in the ascending channel. I see an Head and Shoulders there. Looks like it can easily pump 10x. Be careful on this trade, don't FOMO, wait for the break out of the neckline.
This is not a financial advice. Thanks for watching
$FXS/BTC 4h (Binance Spot) Bull-pennant breakoutFrax Share broke out bullish locally and looks ready for another leg-up that pull-back.
FXS is not only a DeFi token but also a member of the Avalanche Ecosystem!
It works as a governance for the Frax Protocol, which is the first fractional-algorithmic stablecoin system (FRAX).
Current Price= 0.00012369
Buy Entry= 0.00012395 - 0.00011715
Take Profit= 0.00014456 | 0.00015810 | 0.00018294
Stop Loss= 0.00010275
Risk/Reward= 1:1.35 | 1:2.11 | 1:3.51
Expected Profit= +19.92% | +31.15% | +51.75%
Possible Loss= -14.77%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
My understanding of AVAXi think we are in bullish zone already for AVAX, and this strategy might be how it could be done.
Not a financial advice. Just my thoughts and idea.
AVAX challenges the market to the altcoin party's last danceWhat we see on the above chart of AVAX is a beautiful cup & handle formation.
The huge increase in volume shows that masses of AVAX coins obviously changed hands during the handle formation. So there was a lot of accumulation here. Most likely in anticipation of the Avalanche price breaking out of its formation this week and reaching a new all-time high.
The flag formation, which is the handle of the cup, has already been broken to the upside. Currently, the Avalanche price is trying to establish the 0.382 Fibonacci level as support, in order to break the confirmation line ($58.50) from there. It failed its first attempt over the weekend.
The minimum price target resulting from the chart pattern is $110. As luck would have it, this price target falls pretty much at the 1.618 Fibonacci level.
At the current price of $51.72, that would represent an increase of about 115%.
A final bullish week that has many investors in the market forgetting about the looming threat of a crash makes perfect sense.
Money in the crypto market moves in cycles. It flows from larger ecosystems to smaller ones. When the smaller ecosystems slowly overheat, the money flows back into the larger ones. This process can often repeat itself several times until the last bit of return has been squeezed out of the market and the whole scheme collapses in on itself.
The reason for the collapse is the inflated prices for which there are no longer enough buyers to sustain the rally.
But what ecosystem is left? The NFT hype has gotten out of hand and has become the playground of a few big players. The so-called "floor prices" of certain exclusive NFT classes are an illusion, as it is almost impossible to find a buyer in the market at these prices.
DeFi blue chips on Ethereum have stagnated. Polygon had its moment as the first legitimate scaling solution, but that moment has already passed. Solana and many of the dApp tokens are already overpriced and Cardano, despite its Alonzo upgrade, lacks the promised wave of killer dApps. So the only thing left, in theory, is Avalanche's still relatively young ecosystem.
What will ultimately cause the market to collapse? Probably the realization that none of these new smart contract blockchains have launched even one innovative DeFi app that doesn't already exist on the Ethereum blockchain.
Disclaimer: This analysis is an excerpt from the Bitcoin forecast on the German crypto blog Bitcoin-Bude. Source: Avalanche Kurs Prognose
$AVAX looking for correction?Overall I'm super bullish on Avalanche, but to properly retest S/R level it needs TIME. Huge outside weekly candle is just a volatility, not a proper retest. Once stops are taken, we will absolutely rip.
Invalidation: Close above current ATH and continuation of parabola.
LONG _ AVAX/USDTAnalyse technique:
Avalanche est dans un drapeau baissier ce qui constitue la consolidation de son précédent mouvement - Il n'y a pas de divergence et les volumes sont en augmentation
Le RSI est 59.21
Position sur le pull-back de résistance du drapeau à 45,8$
Position des take-profits
TP1= @ 57$
TP2= @ 66$
SL = rupture résistance drapeau -2% = 44,88$
Ratio → 12.04
Money Management → 10% du portefeuille trading
AVAX Long Entry on 2H TimeframeSignal: Red -> Green
Context: Green
Structure: Break Through important Resistance Line
Potential AB-CD
AVAX ,AVALANCHE, AVAXUSD , AVAXUSDT ,AVAXUSDTP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.