AVAXBTC - 40% Upside & Critical Levels MappedThe patterns make the bullish case for themselves.
Our idea can only get invalidated if BTC Dominance closes above 50 or we face a big correction. Remember that the current levels, 57k, correspond to the top band of our parallel channel, therefore, it would not be surprising to see a more severe pullback. If BTC closes above 58k, re-evaluate your entry with the Dominance chart and BTC on-chain signals. If BTC falls to 56k, don't worry, there is an important support there and we would prefer to see some sideways action in that region for our favorite alt's to rally. However, if BTC closes below 55k, remember that there is a possibility for us to visit the 21W MA, which "could" correspond to a 45k. For the latest scenario, there aren't many on-chain signals to back it up.
This is not financial advice. Use risk management.
Avalanche
Scalping idea for AVAXBUSDIF AVAX breaks its current minor downtrend, it may have a chance for scalping.
AVAX - After the AvalancheA comparison study of AVAX and its relative performance to BTC through this year's rally and correction. Outperforming in both direction, AVAX demonstrates strong correlation to BTC movements, much stronger in the bullish phase and slightly weaker during the corrective phase. Will it outperform from here?
DEFI projects ahead of huge spikesIt seems that we are dealing with a similar movement on DEFI as at the turn of December-January-February.
The dominance of the DEFI starts to pick up after the bottom of the D1 chart is reached.
The MACD and RSI indicators look very bullish. Domination has cooled down nicely after reaching the last high and it looks like we are building a strong movement on DEFI projects.
An Avalanche of big pumps are coming! For Avalanche too!Nice consolidation above the key break out zone and the Fib Yearly Pivot for AVAXBTC. AVAXUSDT could easily hit that target and the consolidated again. Both not the prettiest charts out there, but relatively clean and strong. AVAXBTC looks like EGLDBTC but lagging. Pretty bullish!
AVAXUSDT - Avalanche --> Entry for 30% ProfitsHere's a trade I've been chasing since BTC shot back up. Had a good couple entries but got cold feet waiting for BTC dip. Have committed a bit harder here and AVAX now appears its testing for a breakout above recent high and 0.5 FIB, $30.3
Buy on the trend line if you see it bounce off of it, thus far its respected it so I will definitely buy more if it comes back to that level in the short term.
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Fundamentals
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Rank #41
Market Cap = $3,889,631,890
Decentralized identity authentication
Total Supply = 720,000,000
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What Is Avalanche (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
Trading idea for AVAXBUSDAVAX has potential for a new ATH in the long term. So a good entry point would be great for a decent profit. It may take some time to reach its ATH level, but worth it. Do not forget to take profits and do not forget to place stop loss order.
Avalanche [AVAX] Demand zone..Hi everyone,
Two days ago we saw AVAX testing and failing its support trend line. The break-out to the bottom side was confirmed when retesting the support trend line that acted as resistance. When looking at the price action, bearish signals were in play (shooting start & engulfing candles).
As highlighted in the chart there is a possibility to fall lower to the indicated demand zone. This zone has been tested several time and acts as a strong support.
As these corrections are normal market cycles, I am stull bullish on Avalanche in the long run!
🌜 Please like and leave a comment 🌜
This is not financial advice
Trustswap $SWAP close up mid term targetFundamental reasons:
1. Avalanche network partnership with Trustswap as trusted benchmark crypto incubator on their network. Launching by April 25.
2. last week, Coinmarketcap approach Trustswap to add as a 1# lauchpad category and their launchpad list.
3. They have just spent ton of money for popular crypto youtuber to covering Trustswap in the next 2-4weeks. A lot of coverage on youtube channel. DYOR on their youtube AMA session.
4 by this April, There are 3 farming pools, 2 more flashlauch & 2 more lauchpad. more farming pool=more SWAP will be out from circulation=see what happen to pancakeswap.
5. according to their medium article, "Mint/smartlauch" will be the first easiest smartcontract tooling to create cryptocurrency/token that is fully audited, fully secure anti rug pull, fully transparent tokenomic, easy to use, fully customizable features aka use cases, no coding knowledge required, but $SWAP is absolutely required. well, let we see by April 29
!! That is my personal hope & observation nor financial advice. I am not self-claimed pro/wizard TA analysist lol.
just documenting my own reasons of my investment & trading.
$AVAXUSD - Giant coffee cup is being formedHello everyone!
I think Avalanche is still undervalued, the team working on Avalanche wallet deserves a huge round of applause, mainly for keeping the wallet up to date and enabling NFT trading which is hyping now.
I will follow the Cup pattern and hold AVAX for a while now.
Avalanche [AVAX] Potential setup for breakoutHi everyone,
Looking at the Daily chart, we can see AVAX is printing higher-lows continuously within its formation and found, once again, support on the EMA 50 as well. These are good signals.
We are still waiting a clean break out that can confirm the next leg up.
Strong fundamentals:
> The Graph partnership, bringing subgraphs for developers
> AllianceBlock partnership, integrates DeFi and financial primitives
> RAI Finance integration, cross-chain trading capabilities
> Over 900 active validators
🌜 If you enjoy this idea, please like and leave a comment 🌜
This is not financial advice
Money AvalancheGuys, it's pumpseason and I would say that the another ❄️ Avalanche ❄️ has been triggered!
AVAX already broke up this triangle and backtested it's upper edge so I think there is chance for run to 68 and even more. I bought @ 32.87, just publishing bit late, but it can still drop to this level again anytime.
SL : local low
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL)
RRR : 6.6
INVALIDATION : when SL level hit
Like & Enjoy!
Avalanche (AVAX) - April 9Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a good day.
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You should watch for any movement that deviates from the 28.79786959-37.43183748 segment.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, you need to touch the downtrend line and see if it can rise.
If you fall at 20.16390170, you need Stop Loss to preserve your profit or loss.
The next volatility period is around April 13th.
If the CCI line rises more than 100 points on the CCI-RC indicator, volatility may occur, so careful trading is necessary.
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(AVAXBTC 1D chart)
47332 Satoshi-65986 We must watch for any movement that deviates from the Satoshi section.
In particular, it remains to be seen if it can rise above the 55938 Satoshi point.
40744 If you fall at Satoshi, you need Stop Loss to preserve profit and loss.
It remains to be seen if the CCI-RC indicator rises by more than 100 points, causing volatility to break above the 65986 Satoshi point.
(1W chart)
40744 Satoshi-48928 Satoshi is expected to continue the upward trend if it is supported above.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)