AVAX/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this AVAX/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report.
AVAX/USD moved to a peak of $16.11 earlier in the day, which comes less than 24 hours after falling to a bottom of $12.41.
Thursday’s spike in price pushed avalanche to its highest point since November 8, when the price was at a peak of $18.15.
Looking at the chart, earlier gains have somewhat eased, with AVAX now trading at $15.18.
This came as the 14-day relative strength index (RSI) failed to break out from resistance at the 80.00 level.
As of writing, the index is now tracking at 69.94, which is still deep in overbought territory.
This is not a piece of financial advice.
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Avax
Avalanche Analyze (Short term, Timeframe 4H, 01/03/2023)!!!Avalanche was able to make a double-bottom pattern on the heavy support zone.
I expect Avalanche will go up at least until the middle line of descending channel and resistance zone.
Avalanche Analyze ( AVAXUSDT ) Timeframe 4h⏰ (Log Scale).
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Buying pressureAVAX has recorded a 25% gain in the last 24 hours. Buying pressure and increased demand have led to the failure of two important static resistances. The first resistance at $13 has now turned into good support. But the power of the buyer is so high that the possibility of a pullback to this support area has decreased. But another support is in the $13.8-$14.20 range, where a return to this level could trigger higher targets for AVAX if there is a positive reaction. The target we can consider for Avax is in the range of 21-22 dollars.
AVAX (The Ethereum Competitor)AVAX / USDT
AVAX known as "The Ethereum Competitor" made a strong recovery from the HTF support
Seems like it bottomed out ,you can see it just made a breakout like it made in past (august 2021) from this support it made X16 in just 4 months in 2021 !
could history repeat itself again ?
Best of wishes
In order to transition to a mid- to long-term uptrend...Hello?
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(AVAXBTC 1W Chart)
AVAX, one of the coins that are expanding the coin ecosystem, is rising to a section where it is likely to emit the power of rising.
If it rises above 0.0009 187, it is judged that there is a possibility of exploding the power of the rise.
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(AVAXUSDT 1W Chart)
It shows a movement out of the volume profile section of 6.54-13.47.
If the price rises above the MS-Signal and maintains the price, there is a high possibility that it will turn into an upward trend from a mid- to long-term perspective.
(1D chart)
The key is whether it can rise above 19.72 with support in the 14.99-16.65 section.
If not, you should check if the price holds within the 12.40-13.47 zone or higher.
Since the M-Signal on the 1W chart is formed around 16.65, it is important whether it can rise above 16.65.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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AVAX BUILD UP BREAKOUTKUCOIN:AVAXUSDT
AVAX has broken out of bullish smaller cup and handle and possibly printing a buildup (visible clearer on LTF). On break possible Long for upto 26% upside.
SOL - posted yesterday broke to +30% and consolidating for possible leg higher
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
AVAXBNB 1DAVAX/BNB, I believe it has already reached the bottom, as since its ATH on February 11, 2021, it has corrected around 88.10% and being of a very high octane rating, it now follows its ascending scale. Its resistances are: 0.05874 / 0 .06403. With the MM200 above serving as a magnet, it quickly hits the target.
AVAX Breakout PotentialIndicators used:
True Momentum Oscillator
Fibonacci Bollinger Band Cluster
Consensus Tables
The daily AVAXUSDT chart seems primed for a breakout, with lower timeframe charts beginning bullish movement. The TMO is in the oversold lower range with the momentum heating up towards the zero line. Price is hovering around the bottom-most band of the Fib. Bollinger Band cluster, past the 1st, 2nd, and 3rd deviations. Price action is testing upper bounds of a larger trendline, potentially as part of a falling wedge. Wedges of the sort have a tendency to break into inverse head and shoulder patterns, which could lead to a price recovery into the $13.50-14.40 range, provided BTC holds up. Otherwise, a test of the lower trend line is likely.
The point to be supported is...Happy new year!
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
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(AVAXBTC 1W Chart)
In order to dissipate the rising force, it must rise above 0.008 602 ~ 0.0009 187.
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(AVAXUSDT 1M Chart)
The key question is whether the price can sustain its rise above 13.47.
If not, it is better to wait until HA-Low is created in the long term.
(1W chart)
If it continues to decline along the downtrend channel, there is a possibility of a decline to around 6.54, so we need to think about countermeasures.
(1D chart)
The question is whether it can break out of the downtrend channel by moving sideways around 10.83.
If not, a decline to around 7.72 is likely.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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AVAXUSDNot a bad looking chart and considering its still making LL, we just need to bulls to step in and take control of these bears. AVAX ticks a lot off my check list when it comes to location, indicator confirmation but still lacking price structure. Another thing to add is that I like to look at charts that have a decent risk reward which AVAX seems to have. As always, trade at your own risk and never go full retard on any one trade.
AVAXUSDT 4HClassic rectangular formation caused in part by the triple bottom at 11.14. At the moment AVAX is licking the lower edge of the rectangular base and touching the lower line of the Keltner channel, in addition the stochastic RSI is indicating cooling of sellers which technically all indicates a good moment for Long.
From top to bottom AVAX has already corrected 92.40%, not long ago Defrost Finance, a decentralized leveraged trading platform on the Avalanche blockchain and investors reported the loss of AVAX tokens from MetaMask wallets.
A high-octane, feature-rich token, Alibaba Cloud has announced an integration with the Avalanche blockchain to power the company's Node-as-a-Service initiatives.
Follow support and resistance
S: 11.14 / 10.57
R: 11.53 / 11.90 / 12.68 / 14.37
AVAX ANALYSIS#AVAX UPDATE.
#AVAX is facing huge resistance at the red box resistance area and got rejections on 4 TF.The current resistance for avax is the 20SMA on BB .The contraction of the BB suggesting some strong and flash move waiting ahead for avax .Do not enter in longs until avax close above the red box resistance.
AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick AVAX/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
Avalanche Analyze (Short term, Timeframe 4H, 12/05/2022)!!!
Avalanche was able to reach the resistance zone by zigzag correction.
The sign of the end of the zigzag correction is the creation of two Shooting Star Candlestick Patterns in the resistance zone.
I expect Avalanche will go down at least until the support zone after breaking the uptrend line.
Avalanche Analyze (AVAXUSDT) Timeframe 4h⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AVAX - Technical review and analysisAs long as the $13 support holds, Avax can maintain its short-term bullish momentum and could even break the current resistance, hitting the $14.8-$15 range.
Therefore, until these levels become support, Avax can remain in a bearish trend on a daily timeframe. The bottom line is that a break of the support could bring the price back to the previous low in the $12 range in a bearish scenario.