Get started

Avalanche

🔥 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
🆓Avalanche (AVAX) May-13 #AVAX $AVAXThe 32$ zone is a reliable support of AVAX and I think it will move up to 40$ zone again to conquer this zone and then move up to 60$ zone in early June 📈BUY -Buy: 31-33$. SL if B -Buy: 39-41$ if A. SL if B 📉SELL -Sell: 39-41$. SL if A -Sell: 58.5-61.5$. SL if A ♻️BACK-UP -Sell: 31-33$ if B. SL if A -Buy: 23-25$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & 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
1
Avalanche [AVAX] Pennant formationHi everyone, It looks like Avalanche is currently trading with a triangle formation. The main bullish trend we are looking at is likely to continue We are still waiting a solid breakout that can be confirmed with the right price action and volume . After breakout, potential resistance can be found near the fib. cluster setup as highlighted in the chart. Breaking this resistance could lead to a ATH retest 🌜 If you enjoy this idea, please like and leave a comment 🌜
by M00N_BEAMS
7