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Avax

📈AVAX Analysis: Consolidating Between Key Levels💎🔍Today, I'm analyzing AVAX, which is currently consolidating between the levels of $58.40 and $47.72 after an upward move. Presently, it's hovering around the support at $53.12, approximately the midpoint of the range. ⚡️Following a fakeout above $58.40, the trading volume has gradually decreased, indicating ongoing consolidation. 📉For short positions, the primary trigger lies at $47.72, although $53.12 presents a lower-risk alternative. Conversely, $58.40 serves as a suitable trigger for long positions. 💥The RSI indicator is holding support at 36.53, suggesting bearish momentum upon its breach. 🚀The Fibonacci retracement aligns the 0.618 level with the support at $47.72, with the price currently above the 0.382 level. ✅A breakdown below $53.12 could encounter resistance at the 0.382 and 0.5 Fibonacci levels, potentially hindering further downward movement. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
Avalanche: Bounced Off ⛹️‍♂️AVAX bounced off the upper edge of our blue Target Zone (between $50.42 and $41.83). Although the low could already be in place, we still primarily assume a deeper dive into our Zone before the low of the blue wave (ii) is set. Traders could use the range to open long positions. To minimize risk, they could place stop orders about one percent below the lower end of the range. A drop below the Zone would trigger our alternative scenario (27%), which still sees the price in the turquoise-colored wave alt.2. This move would reach the same-colored Target Zone (between $29.30 and $17.48).
BINANCE:AVAXUSDLong
by MarketIntel
2
AVAX/USDT Potential continuation the upward movement for AVAX!💎 AVAX has recently shown significant market dynamics, rebounding from the support area, suggesting a potential continuation of its upward movement towards the resistance level around $65.5. 💎 This resistance area corresponds to a previous higher peak, and a breakout above it could pave the way for further gains, the probability of reaching our target supply zone area. 💎 However, if AVAX faces rejection at the resistance area, there's a possibility of a retracement to test the support region between $50 and $47. 💎 When AVAX approaches the support area, it's essential for it to bounce, given the area's significance. Failure to hold this support level could lead to further downward movement, potentially testing lower support areas. If AVAX breaks below this support, along with the trendline support, it would confirm a bearish trend, signaling further downward movement.
by MyCryptoParadise
Avalanche's Memecoin Rush Sparks Debate Amidst $1M InjectionThe recent announcement of the Avalanche Foundation's Memecoin Rush initiative, injecting $1 million into the ecosystem to catalyze community coin adoption, has ignited both excitement and skepticism within the cryptocurrency community. While the initiative aims to incentivize trading and liquidity provision for selected community tokens such as Kimbo ($KIMBO), Gecko Inu ( LSE:GEC ), Coq Inu ($COQ), TECH, and NOCHILL, some critics argue that it could exacerbate speculation and volatility in the market. The decision to kick off Memecoin Rush with prominent platforms like SteakHut and Trader Joe has raised eyebrows, with questions emerging about the criteria used to select participating tokens. Concerns linger over the potential for manipulation and pump-and-dump schemes, especially considering the recent proliferation of meme coins in the crypto space. Furthermore, the Avalanche Foundation's acquisition spree of community coins, fueled by a portion of its $100 million NFT incubator fund, has drawn scrutiny. While positive social sentiment, significant holders, liquidity, and project maturity were cited as criteria for token selection, some observers remain skeptical about the Foundation's motives and the long-term sustainability of meme coin projects. Eric Kang, BD Manager at Ava Labs, emphasized the importance of meme coins in the web3 space, describing them as a cornerstone of cultural expression within crypto communities. However, skeptics argue that meme coins often lack intrinsic value and may contribute to market instability, raising concerns about investor protection and regulatory scrutiny. As Memecoin Rush unfolds, it will be crucial to monitor its impact on the Avalanche ecosystem and broader cryptocurrency markets. While the initiative aims to foster broader support and adoption for Avalanche-native tokens, critics caution against the potential risks associated with meme coin speculation and the need for responsible governance measures to ensure market integrity and investor confidence.
Long
by DEXWireNews
AVAX Will MOON Like ETH MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here AVAX has had a very strong breakout , These breakouts can often continue longer than people think. AVAX is retesting the neckline here and should follow ETH into a bull market and parabolic move . It should continue to moon with some patience. This has very good market structure and good price action . These structures are how you can make good returns on investment / on your trade Please watch the video for more information
COINBASE:ETHUSDLong
by MartyBoots
2
AVAXUSDT Next Target $100AVAXUSDT broke through its resistance and is now aiming for $100. Traders are excited about the surge and expect it to keep going up. With this momentum, AVAXUSDT could soon hit its target, making a big move.Despite AVAXUSDT’s upward push towards $100, it’s essential to maintain a stop loss strategy. AVAXUSDT (1D Chart) Technical analysis AVAXUSDT (1D Chart) Currently trading at $61 Buy level: Above $58 Stop loss: Below $47 TP1: $70 TP2: $80 TP3: $90 TP4: $100 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
AVAXUSD $104 is the minimum target on this run.Avalanche (AVAXUSD) has been trading within a Channel Up since the October 19 2023 Low and at the moment is halfway through its 2nd Bullish Leg of the sequence. So far it has been replicating to a fair extent the previous Leg, trading above the 1D MA50 (blue trend-line), which shouldn't be touched again before the next peak. If it continues to repeat the sequence, then we can see $155 as a peak (Higher High), since the previous leg topped at around +470% from the bottom. We take a more conservative target however, aiming for the April 02 2022 High at $104. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AVAXUSDLong
by TradingShot
7
Avalanche Price Rallies 12% Amid Binance AnnouncementThe cryptocurrency market is abuzz with excitement as Avalanche ( CRYPTOCAP:AVAX ) experiences a remarkable surge of nearly 12%. This surge coincides with a strategic announcement from Binance, the leading crypto exchange, signaling a significant shift in market dynamics. Binance's Endorsement Fuels Momentum: The surge in CRYPTOCAP:AVAX price underscores the growing confidence of investors, propelled by Binance's latest move. With the introduction of a USDC-margined AVAX Perpetual Contract offering up to 75x leverage on its Futures platform, Binance aims to enhance trading options and user experience, stimulating trading activity and liquidity for $AVAX. Expanding Trading Options: Scheduled for March 20, 2024, Binance's USDC-margined CRYPTOCAP:AVAX Perpetual Contract opens new avenues for traders, enabling them to capitalize on increased leverage options. The 10% promotional trading fee discount until April 3, 2024, further incentivizes trading, while the Multi-Assets Mode feature provides flexibility across multiple margin assets. Binance's Strategic Commitment: Binance's endorsement through the introduction of the CRYPTOCAP:AVAX Perpetual Contract underscores its strategic commitment to expanding offerings and meeting user needs. By providing access to CRYPTOCAP:AVAX trading with enhanced leverage options, Binance reinforces its position as a key player in the crypto market. Impact on Market Sentiment: Binance's endorsement signals a vote of confidence in Avalanche's potential, driving positive market sentiment and investor interest. With increased access to CRYPTOCAP:AVAX trading and favorable trading conditions, demand for CRYPTOCAP:AVAX is poised for further upticks, potentially driving its price higher. Avalanche Foundation's Board Expansion: In addition to Binance's announcement, the recent expansion of the Avalanche Foundation's board has bolstered market sentiment. These developments underscore the growing significance of CRYPTOCAP:AVAX within the cryptocurrency ecosystem, attracting attention from investors and enthusiasts alike. Current Status and Future Outlook: As of writing, Avalanche ( CRYPTOCAP:AVAX ) price surged to $62.52, marking a significant gain of 12.73% with a monthly increase of around 50%. With trading volume holding steady and the potential for further upticks, CRYPTOCAP:AVAX continues to capture the attention of investors, positioning itself as a promising asset within the cryptocurrency market.
Long
by DEXWireNews
SHRAP is a AAA web3 game token on Avalanche. Nuff said. Shrapnel is a AAA web3 FPS building on an Avalanche subnet - Items and characters are NFTs, and they just launched $SHRAP, which will power the whole economy inside the game. They have industry veteran team (some of whom I've had the pleasure of interviewing) and they are based in the US, in Seattle. Oh yeah, and their version of "influencer marketing" is Arthur Hayes regularly shilling the project on twitter. I'm serious. Since launch, SHRAP has been on an absolute tear. I'm doing some scalp trading, but will also be buying and holding spot because I believe this is just the beginning. The web3 gaming narrative is a strong one this cycle, and with EURONEXT:AVAX pumping to the moon, savvy traders will be buying the most promising projects on that chain. In that sense, SHRAP has both the gaming narrative and the alt L1 meta cycle working in its favor. As for technicals, it seems to be printing a bull flag after briefly touching the .5 fib but getting bought right back up again. Bullish. I've been following this project for over a year and all I can say is that I wish I trusted my own alpha. Time to put my money where my conviction is. happy trades, CD
Long
by cryptodonovan
AVAX/USDT Bullish Reversal Potential from Support Zone? 👀🚀AVAX💎 Paradisers, pay attention as #AVAXUSDT showcases a noteworthy pattern, enhancing the likelihood of a bullish reversal from its support zone. 💎 Recently, #Avanlanchi faced a rejection at a strong supply level, and now, it's breaking lower, continuing a lower low trajectory. Despite current sell-side sentiments, an interesting development is observed where the price makes an initial upward move from a flagged zone, only to follow with a downward trend, setting the stage for a potential bullish reversal from support. 💎 Should the price breach this critical support, we could witness a significant bearish descent.
Long
by MyCryptoParadise_Simon
1
Cryptolean Avalanche AVAX Update Avalanche is facing the resistance from $60. A bullish break-out and the daily candle closure above $60, the key daily resistance, will push AVAX price higher towards $64-$67 and higher to $72 . A bearish dip to below $54 will result in a decline to re-test $47-$49, the key daily support. Intraday Chart Unable to sustain the price action above $59.40, the AVAXUSDT 4-Hour chart is having a bearish intraday pullback. A bearish dip to below $54.30 or, even better, to $47.63-$49.61 and a bullish rejection of one of these levels could offer a long trade towards $59 and higher. A bullish move from its current price location and a break-out of $59.40 resistance will push #Avalanche to the next target of $63.89-$66. Support once read! Thank you.
by Trade-Lean