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
🆓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.
AVAX confirms bullish breakout on the dailyThe Avalanche ecosystem is growing rapidly since they announced the 180m DeFi incentives program in August.
The volume following that announcement can be seen on this chart and was nothing short of incredible.
After consolidating down into the "Pump Chaser Zone", forming a bull flag
Price has broken out from the upper trendline and closed a bullish daily candle forming it's first higher high since peaking on August 25th.
There was a large unlock of vested AVAX last Saturday that increased the circulating supply by 25%. The chart suggests that most of the "sellers' in that tranche have now exited (likely panic selling during the market wide sell-off on Tuesday)
The probability of AVAX breaking out into price discovery in the near future is very high.
The current market cap is $11 Billion
Hunting for higher lows to increase exposure.
Targeting the 1.618 Fib extension around $89 for first TP. Given the volume flowing in, there is a good chance we'll see 3-digit AVAX sometime in Q4
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 (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.