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Avalanche

🔥 AVAX Reversal: New All TIme High?Around a week ago I made an analysis on AVAX and the oncoming bearish move. The bearish move happened and is appearing to be smaller than initially anticipated. As mentioned in the previous analysis, the red area of support did indeed hold and AVAX has seen over a 20% growth since then. With AVAX being one of the main gainers over the last weeks, I think there's still more juice in the current move. Main target is the resistance area between $58 and $60.3, which is also the current ATH. Assuming BTC will remain relatively bullish, we can expect AVAX to go into price discovery mode in the coming weeks. Happy trading!
Long
by FieryTrading
9
AVAX Pulls Off Monthy High, Have The Tides Turned Bearish?
-AVAX is up nearly 30% the last week -Price just bounced off mid term trend line -RSI prints hidden bullish divergence 
Avalanche has been one of the best performing coins in the month of August. Prices have risen nearly 300% since the start of the month as investors have taken a strong bullish stance on the potential use cases of the AVAX technology. AVAX presents a highly scalable smart contract blockchain where they aim to allow any user to exchange and build Dapps in a completely decentralized way. The activity of the Avalanche blockchain has skyrocketed over the last month as countless teams have launched their own projects on the network. 
 Since the bottom was set in late July, bulls have pushed AVAX nearly 400% higher in only a months time. After such a large surge, a retracement is likely to come as some point. By the looks of the last few days of trading, AVAX making a new high might depend on BTCs price action. If Bitcoin continues dropping towards $40,000, AVAX will have a hard time breaking the $58 mark. In the case BTC stays steady, Avalanche must break & hold the $48 mark along with the major resistance zone found from $53-$58. If bulls manage to pull this off, AVAX will go on to set a new ATH. Since AVAX hit its high of $59 3 days ago, price has been falling ever since. At the time of writing, AVAX just bounced off two very important markers. The first being a mid term trend line that Avalanche has held its entire uptrend ever since its low was set. The second being the 55MA which has also acted as support ever since the low of $9 was set in late July. If bears succeed in pushing AVAX below these two marks, AVAX will then likely be in a confirmed downtrend. Price will first find support at the major support zone of $33-$37. Anything below this zone will lead to a -50% drop off monthly highs. While looking at the Stochastic RSI, we can see its been stuck within the oversold region for nearly 2 days. A strong push above the 20 value along with a break of the downtrend line Is needed for AVAX to start a strong revival. Viewing the regular RSI, we can see a hidden bullish divergence has formed. This is a bullish sign that AVAX may rise back near the $50 mark. A strong break above the 50 value will confirm this. 
 AVAX Intraday Analysis Spot rate: $44.60 Trend: Bullish Volatility: High Support: $41.92 Resistance: $48.10
by CoinGape
Avalanche (Avax) Update: Since the Buy signal from the ema and sma cross signalled on the 1st August, Avalanche (Avax) has been on a impulsive parabolic run, gaining over 400% in just over 24 days. Currently Avax is 10% from the ATH price @ $59.74, the price next target from here is at the 127.20% fibonacci level @ $73.49, 34% from the current price level. Please see previous analysis below. Happy Trading :) Avalanche (Avax) Update 21/03/21, be patient 63%+ Gain to ATH $59.7. $AVAX Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market! Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70. Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :) Key Notes on this project: Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem. Capped Supply An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
BITFINEX:AVAXUSDLong
by CryptocurrencyMagnet
🔥 AVAX More Potential Up-Side: Areas To WatchOver the last week or so, AVAX has been on a tremendous run, catching the eye of virtually all crypto investors. As we speak, AVAX is facing a moment of consolidation and profit-taking. After hitting $50, the price has already declined over 15% in not even half a day. Assuming BTC will remain bullish in the short-term, I think that AVAX will grow further and make a new all-time-high soon. As drawn on the chart, the first Fibonacci retracement level lines up perfectly with the three tops from March-May. The area around $40 is the first reversal area. In case the first reversal area doesn't hold, I'm looking at the second reversal area around the 0.618 retracement level, which is around $30. Happy trading!
Long
by FieryTrading
9
Avalanche Surges to Multi Month High, Can Bulls Continue ?-Price has risen nearly 120% this week -The 50MA has held price up the entire run -Bulls now have to battle major resistance zone AVAX was consolidating within an ascending channel over the past 3 weeks before bulls came out & pushed price above the top trend line. Since the trend line break, AVAX has exploded to multi month highs. As BTC has been consolidating the last few days, many alt coins have had a chance to push to new highs that haven’t been seen in many months. As long as BTC stays steady, alt coins will continue to run. BTC & other large cap coins set the stage for a large scale market revival which has occurred since August 1st. While looking at the ascending channel that price was stuck in the last few weeks, we can see how hard the consolidation was, which is what allowed AVAX to go parabolic. Once bulls managed to breakout of the top trend line, AVAX was set free and spiked almost 80% In 2 days. At the time of writing, price got stopped out at a major resistance zone found at $33.45-$37.24. If bulls regain their strength & break and hold this zone, Avalanche will be in for another spike. We can expect prices to hit the given target of $41.91 & potentially $48.10. At the time of writing, AVAX is being supported by a major support level found at $29.29. In the case bears assert their dominance & push AVAX below this support, we should expect a -15% fall to the next major support of $24.47. This would be a healthy scenario & nothing out of the normal as AVAX is up nearly 120% over the last week. The 50MA has held prices up ever since the uptrend started , so we can expect this to stay true. As long as price is above the 50MA, Avalanche is in a bullish state to potential hit the next given targets. While looking at the Stochastic RSI, we can see how it has been respecting a trend line over the last few days. If strength fails to hold this trend & breaks below, we should expect similar retracement to occur on the price as it would lose much strength in its current position. The regular RSI also looks very similar as a trend line has supported it the entire ride into the overbought territory. Any break below this trend will break the uptrend & will result in price to fall to the major supports given. AVAX Intraday Analysis Spot rate: $29.89 Trend: Bullish Volatility: High Support: $29.29 Resistance: $33.45
by CoinGape
🆓Avalanche (AVAX) Aug-8 #AVAX $AVAXAVAX has conquered the strong resistance at $14 with very strong buying, so this August AVAX can continue its uptrend towards $18 and $22. But if it loses the $14 zone it will fall back to the $12 or even $10 zone 📈BUY 🔴Buy : 14.7-15.3$ 🔴Buy : 13.7-14.3$. SL if B 📉SELL 🔴Sell : 17.6-18.4$. SL if A 🔴Sell : 21.5-22.5$. SL if A ♻️BACK-UP 🔵Sell : 13.7-14.3$ if B. SL if A 🔵Buy : 11.7-12.3$ if A. SL if B 🔵Buy : 9.75-10.25$. SL if B ❓Details 🕯Timeframe : 1 Day 📈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 candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation