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Avalanche

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
Long
by A_D_Y
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.
Long
by PaperGains
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.
Long
by Djawad_Afsharirad
3
💡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 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
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: $48.10
by CoinGape
3
AVAX loading up for another run! Keep an eye on it!Here's a quick look at AVAX 4 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a bigger breakout soon. The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: 1. 53.5$ 2. 59$ 3. 71$ - Profits can also be taken in the resistance zone . ------------------------------------------- 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!
Long
by MBM_Crypto
🔥 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