AVAXBTC
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.
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.
--==--==--==----==--==--==--
Fundamentals
--==--==--==--
Rank #41
Market Cap = $3,889,631,890
Decentralized identity authentication
Total Supply = 720,000,000
--==--==--==----==--==--==--
What Is Avalanche (AVAX)?
Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.
AVAXBTC breaking down trendWith the long period of consolidation and down trend that we have been in, it appears AVAX has decided to break the trend.
I would like to see it test this down trend before moving higher as this would be a perfect entry position.
First target for me would be 4.669 fib level if you want to be aggressive.
If you are conservative and feeling antsy to take money off the table, I'd look at the following selling procedure:
TP 1 = 1.618 Fib level - Sell 20%
TP 2 = 2.618 Fib Level - Sell 20%
TP 3 = 4.669 Fib level - Sell 30%
TP 4 = 8.77 Fib level - Sell 15% to 30%
I always recommend leaving some % remaining in the token if you believe this token is not a scam. I typically leave 10%-15% of my initial position in the token as I typically am happy leaving a little bit of the profits on the table because these small % can equal large values when alt season really ramps up.
HUGE MARKET SELL OFF!There was a huge sell of couple of hours ago and every single coin got affected.
There could be some oppurtinities to buy in some coins!
Avax could be one of them!
It is definitly not buy right now but it could be.
Right now uptrend line seems to be broken but downside momentum does not seem to continue with good volume therefore we should wait a little bit more before making any trade decision.
Also we have to check to broader market and btc price action.
AVAX/USDT 35% up from our entry so what now..?#AVAX/USDT profit update:
$AVAX currently trading at $38.40
It’s almost 35% up from our entry.
Entry:- $28 ✅
TP1:- $38 ✅
Congrats first Target has been achieved.
Still more room for upwards.
But don’t forget to book profit partially.
Support: $33/$28
Resistance:- $38/$53/ Moon
Please click LIKE button and Appreciate my Hard-work.
Must follow me for latest crypto real time updates.
Thank you.
AVAX breakout, Good buy hereAVAX is preparing for another big rally. AVAX is taking support at the horizontal line and forming a triangle. The breakout will start a new rally in AVAX and Avalanche team is working on the developments and partnerships of the project. AVAX has a lot of big news coming in the second quarter and we see a big rally soon. AVAX recently partnered with Blocknet to extend its power to other blockchains also.