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Avax

AVAX- Can Be in the TOP-10 🔝🔟🎩Avalanche Bridge Launches Native Bitcoin Support; www.coindesk.com The AVAX token is beginning to gain some upside momentum despite a drop-off in DeFi activity. Smart contracts platform Avalanche added support for native bitcoin (BTC) in its cross-chain bridge, according to a blog post. The network's native token, AVAX, surged 7.4%, outperforming bitcoin and ether (ETH), which are up 0.64% and 2.34%, respectively. The addition allows users to bridge native bitcoin and gain exposure to Avalanche's DeFi ecosystem by using the newly launched 'Core' wallet. The BTC pool on AVAX-based decentralized finance (DeFi) protocol Platypus has $11.7 million in total value locked (TVL) and offers yields of between 23.72% and 62.84%. A BTC.b to AVAX pool has also opened up on rival platform TraderJoe with yields of 17.5%. The Avalanche bridge launched last August, supporting transfers of ERC20 tokens between the Ethereum and Avalanche networks. There is currently $2.68 billion in TVL across the Avalanche ecosystem, according to DefiLlama, which marks an $11 billion drop from December as the DeFi sector recedes amid concerns over lending protocols. AVAX could be the next Breakout. One Love, the FXPROFESSOR
Long
by FX_Professor
4
AVAXUSD Daily TA BullishAVAXUSD Daily bullish. Recommended ratio: 95% AVAX, 5% Cash. *A technical relief rally is underway for cryptos and equities as markets seem to have priced in more rate hikes, I know I focus solely on the Federal Reserve in most of my TA but that's because not only do they fund liquidity for many other central banks but they have been instrumental in setting the tone for the rest of the world for the past decade or more. The Fed was the first central bank to aggressively raise rates in response to global inflationary pressures and in doing so may have earned back a bit of the credibility they lost in being largely responsible for this inflation quagmire. Crypto and equity markets seem to think that the Fed has a plan to navigate us to a soft landing, but it is becoming more and more apparent that a hard landing is likely; when that will be priced in to risk-on markets is the question. Whatever the answer to that question is, we are 'technically' getting close to a short term bottom.* Price is currently following that of other altcoins like Kava and Polygon and trending up out of an eleven day consolidation out of the second largest supply/demand zone on the chart. Volume remains Moderate, fairly balanced between buyers and sellers (indicative of consolidation) and has been shrinking for what is on track to be a fourth consecutive session (indicative of an impending breakout/breakdown). Parabolic SAR flips bearish at $13.80, this margin is neutral at the moment. RSI is currently trending up at 39 after bouncing off of the descending trendline from August 2021 (breaking out of a 10 month descending trend), this is very bullish in the short term. Stochastic remains bullish and is currently trending up at 88 as it aims to resist a bearish crossover on its way to retest max top. MACD remains bullish and is currently trending up at -3.66 as it aims to break out above -4.23 resistance after being rejected the first time on 06/10/22. ADX is currently trending down at 40 as Price is pushing higher, this is mildly bullish at the moment. If Price continues up then it will likely retest the largest supply/demand zone on the chart at $25 before potentially retesting the upper trendline of the descending channel from November 2021 at ~$35. However, if Price breaks down here, it will likely retest the lower trendline of the descending channel from November 2021 at ~$10. Mental Stop Loss: (one close below) $15.
BINANCE:AVAXUSD
by dailytaguy
2
AVAX - Big Wave 3! BIG GAINS 🚀AVAX is following the Elliott Wave Impulse schematic. Wave 1 has given us a 5 wave impulse. Wave 2 is showing us a 3 wave ABC correction - We are currently on Wave C of the correction Wave 3 is the next wave we are expecting, which is often the biggest wave. Wave 2 - ABC A wave = 3 waves B wave = 3 waves C wave = Seeing a 5 wave move down (which follows the impulse schematic) We are currently on the 5th wave of wave C. This 5th wave has 5 subwaves of which we are on the 4th subwave and expecting one more subwave lower before the big bullrun. The bullish target can reach well above 200. Well above 3000% gains to be made. Will update this chart once we see the last move lower!
by WicktatorFX
4
AVALANCHE (AVAX) the last chance (bottom) and the range market Hello 🐋 Based on the chart, the price is close to the channel support and the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ if the price breaks the resistance area to the upside, we will see more gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more pump 🚀 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
2
AVAX/USDT Technical Analysis Price RoadMap#AVAX/USDT Technical RoadMap:- $AVAX Currently trading at $15 And Now Trading at Support level. I am expecting Bounce from here and $AVAX May test $28-$30 again. Currently -90% Down From All Time High. All Time High Price was = $147 Current Price = $15 Green Zone is Demand zone for Accumulation. I am expecting 80%-120% bounced from here. But Keep an mind another scenario also:- If Price break High Demand zone then It will free fall till $3 And If Price Hit $3 then Don’t miss to buy For huge Profit. High Demand Zone :- $10-$12 Resistance:- $30
Long
by CryptoPatel
1
AVAX Avalanche: Monthly ChartHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Avalanche ( AVAXUSDT ). The chart is self-explanatory. With the crypto market going through a correction, AVAX may still have downside to go. See where I believe there may be strong support and possible bottom. Included in the chart: Trend line, Support and Resistance Lines, and Volume. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
by MillionaireEconomics
1
When AVAX cryptocurrency do it x2 growth ?Today, on the global chart AVAXusdt, consider how this trading pair endured another sharp fall in May. To begin with, let's take a look at our previous global idea for a pair of AVAXusd, which we did exactly 3 months ago. At that time, we made an approximation with longs buy zones As it turned out 3 months later, our most pessimistic $40-45 purchase zone at the top of the red liquidity zone was not the bottom of the decline. Fall lows are recorded at around $23, at the bottom of liquidity zone, in which a year ago for a long time decided who is stronger: buyers or sellers. Keeping buyers in the coming days of the AVAX price above the mark of $30 will be a good signal to go to the long. The purpose of fixing longs in the up liquidity zone is $64-81 If the price of the Avalanche token is fixed below $26 , it will most likely coincide with continue the global decline in the cryptocurrency market. In this situation, it is necessary to place "buckets" for the purchase of AVAXUSDT near 14 dollars. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
36