Is AVAX another SOL in the works? L1 solutions saw crazy gains this week despite the rest of the markets taking a dump. We picked out AVAX as a potential contender to SOL and LUNA and a similar move could happen for this pair.
BULL CASE
It looks ready to move up from here. Our price target for this pair is around the 230 level
BEAR CASE
If price takes farther dump, we see $20 as a strong area of support.
Avalanche
🆓Avalanche (AVAX) Sep-10 #AVAX $AVAXAVAX is pumping strongly from the 35$ zone and it is trying to conquer the 50$ zone to keep moving up to 65$ zone.
📈BUY
🔴Buy : 39-41$. SL if B
🔴Buy : 48.8-51.2$ if A. SL if B
📉SELL
🔴Sell : 48.8-51.2$. SL if A
🔴Sell : 63.5-66.5$. SL if A
♻️BACK-UP
🔵Sell : 39-41$ if B. SL if A
🔵Buy : 29.3-30.7$. 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
A Case for Avalanche RushIdea pretty simple. I personally entered at the bullish T-K cross at about 33k sats. Held my position so far since fundamentals on this project are strong. Looking for trend continuation as projects on avalanche rush get launched over this month. Their roadmap says they are also working on some exchange listings that will provide the extra volume needed to reach the target. Target obtained through a fractal analysis. Coincidentally its at the 2.618 fib level. I will be cautious at the 1.618 level though. Price discovery can be tricky.
🧧AVALANCHE- This One Has Just Started 🍎 AVALANCHE has been growing nicely.
Solid Tech, robust tokenomics and a visionary founder. it can easily overtake some of the Tokens/coins that have stopped growing, like Polkadot, XP and DOGE.
Price could even triple from here.
Price over major resistance and despite the rapid rise it looks ready for another rise.
Not as fast as Solana, not as decentralized as Cardano, not as profitable as Ethereum but the parabolic growth should grow.
The AVALANCH community is fanatic with AVAX and the growth seems more organic and healthy than the competition.
One Love,
the FXPROFESSOR
$AVAXStill holding $AVAX.
The only issue I see is $ETH. If $ETH continues to follow 2017 fractal, ALTS will see deeper pullbacks in the coming 2 weeks.
I'm planning to close this position at a loss around 41$ to get a better entry in the coming weeks or buy back once we reclaim WO around 48$.
Not taking more risk with ETH looking weak.
(Same plan as all alts)
AVAX looks very bullishAvax gave some bullish signals. Now ma 20 broken and retested. ready for a moon shot.
Avax is actually good project. Ceo emin sirer have very succesful background and respected a lot by crypto community.
Also he is turkish and have connections with turkish ministry of economy. There are some rumors about partnership and cooperation between avax and Turkey's central bank.
Turks gonna FOMO a lot. I expected some short term targets but can reach unpredictible levels at some point.
Short term
First target 0.38
Second target 0.42
Third target 0.58
Long term (There is a chance)
First target: 74.30
Second target 96.50
Third target 198.20
DOUBLE TOP AVAX, Potential downside.$AVAX Showed a great rally towards previous highs, mainly because of the performance of $SOL.
This top is getting defended buy strong sellers. so for now we might see a short lived re-accumulation period. For believers in the project is this a good thing so you could buy lower and have more coins/tokens.
Goodluck.
AVAX Ready for continuation.. Check out this trade setupThe blue abc will cause this trade to roll against you, so be cautious of it, but ultimately the upside is significant for the impulse.
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I'll keep this trade updated.
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AVAX round 2! Bull Flag BreakoutAvalanche at its core is a hyperscale native blockchain and the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, with the most validators securing its activity of any proof-of-stake protocol. AVAX also has a rapidly growing NFT ecosystem including major partnerships with Topps and MLB on their inception NFTs and more. With Novembers NYC NFT conference sold out and AVAX’s apricot upgrade to be completed by the end of the month and the chart showing a strong bull flag pattern just now starting to pick a direction this looks good for a substantial move higher.
AVAXUSDT look bullish!
AVAXUSDT (4h CHART) Technical Analysis update
AVAX/USDT Currently trading at $44.73
Buy-level: Above $45
Stop loss: Below $39.90
Target 1: $51
Target 2: $56
Target 3: $62
Target 4: $68
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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AVAX'S RALLY IS NOWHERE NEAR THE FINISH LINEMACD is about to exhibit a bullish cross to catapult the price above the trend line. EMA50 might prove to be a strong support to hold the price in the event of a retest. The volume is significant. The descending triangle is USUALLY a bearish formation; however, it is a continuation pattern as well. Considering the bullish nature of AVAX at the moment. I am on the continuation side of the fence. AVAX has the punch to pull it off.
💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 46.68
TP2= @ 52.28
TP3= @ 58.97
TP4= @ 68.43
TP5= @ 80.00
SL= Break below S2
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AVAX Forms Falling Wedge Pattern, Is A Bullish Breakout Imminent-AVAX has fallen over -30% the last week
-Price has formed a falling wedge pattern
-100MA continues to act as support
Avalanche had an amazing run the last few weeks as prices surged over 200%. This price movement put AVAX at a new high for the first time in many months. Investors have been taking a bullish stance on AVAX as it aims to solve a major problem within the crypto space. The solution AVAX offers is a highly scalable & efficient blockchain that allows for DeFi & Dapps to be built upon it, similar to ETH. It also offers a bridge from the ETH blockchain to its own, which is a great solution for interoperability.
While looking at the last month of price action , we can see AVAX has held a trend line very well. AVAX just bounced off this trend line a couple days ago & seems to be heading for another potential bounce. Over the last two weeks, AVAX has formed a bullish falling wedge pattern (shown in blue). If bulls manage to break & hold this falling wedge, price will then have to battle it out at the minor resistance of $48.10. If bulls clear this, the major test is at the resistance zone from $53-$58. If AVAX can clear this zone, it will be off for a new high.
Considering that Avalanche is nearing its mid term trend line, we have to be weary of a potential break below. If bulls fail to provide a bounce on this trend & AVAX breaks to the downside of its falling wedge pattern, we should expect a fall to the major support zone at minimum. Before this can occur, bears must pull AVAX below the 100MA which has held price up for over a month now. If all these marks get taken out, we should expect $30-$35 to come fairly soon.
While looking at the Stochastic RSI, we can see strength just attempted to break into the overbought region but was quickly rejected. As long as strength can stay above the 50 value, AVAX is in position to go on to break its falling wedge pattern. The MACD is showing bullish signs as it has formed a bottom curving formation over the last few weeks. Once the MA’s clear the 0 value, AVAX should launch back to its major resistance zone.
AVAX Intraday Analysis
Spot rate: $41.95
Trend: Neutral
Volatility: High
Support: $41.92
Resistance: $48.10