AVAX Possible Bullish BounceCHART SUMMARY
Binance - Weekly Candles - AVAX/BTC
CHART OVERVIEW
Fibbonaci Circles: from the centre outwards = 0.382, 0.618, 1, 1.618, 2.618, 3.618.
ANALYSIS
The price is heading towards the green 0.618 circle, this is a pivotal price point and could indicate a bullish bounce is upcoming.
CONCLUSSION
If lots of volume and a sharp rise occurs after contacting the 0.618 circle this is looking bullish, if price drops through and lingers below it's looking bearish.
What do you guys think, bullish or bearish? Personally I'm bullish based on fundamentals and price action.
*DISCLAIMER: NOT PROFESSIONAL ADVICE
Avaxlong
Wait for the right moment to bag some AVAX AVAX is another coin that presents a very good opportunity in the near future.
In the higher Time Frame (D1), we saw that there was a beautiful retrace on the 61.8% which is referred by some experts as the Golden Ration. So from that we highly expert a to the upside.
If price comes to that area and we fond some rejection to the upside or a bullish pattern , then we can buy and target a 40 - 50% of profit on the trade.
💡Don't miss the great buy opportunity in AVAXUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (79.80).
. 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 70
Take Profits:
TP1 = @ 88.50
TP2 = @ 96.00
TP3 = @ 123.00
SL= Break below S2
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avax usdt is the correct choiseif you looking for a long time trade of investment , avax is for you . the coin didnt come back to its original price brofre crash . so along with btc avax is going a bullish .
if you look , price is overtaked 100ma
25 ema cross over the 50 ema and looking good .
for long trading this is good
target :-
1st : 21
2nd : 25
3rd : 29.5
if you use stoploss then : 12 |( dont use stoploss if you looking for long time )
note : these target are approximate . some times it will go up , some time it will go back before it touch target
Avalanche analysis, will AVAX continue the bull run ?* AVAX is still in uptrend respecting the below major trend-line as support and the above descending trend-line is working as resistance for the price.
* Every time the price get's rejected from the above resistance it gains support around $58-$57
* If the price breaks the above resistance we can expect a bullish move till $79.5
Avalanche (AVAX) is about to brake out!!!Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.
According to my view It can be depicted cup & Handle pattern, now it's performing handle, If it can be break out upward my first technical target is $ 170 and then it will hit $ 225.
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
AVAX Bullish Momentum Continues - Approaching $76Hello Traders!
Avalanche is also the part of current bullish momentum of the Crypto market. Currently trading around $70 which is just above the recent strong support zone. More likely it is up right from here as the price is continuously getting long wicks rejection and showing intention of the traders.
So I believe we should stay in buy and find AVAX long traders a earliest to cash this move. To me, we should buy it between $70 and $69.
Good luck.
Happy trading!
$AVAX$AVAX is looking promising! If we use the past as our reference we see $AVAX started off breaking out of what could have been a cup and handle, then a consolidation period right back into another cup and handle and we are at the breakout point now. If the market changes direction the project will easily double from here and continue in my belief to about $300+/-.
Remember investing involves doing your own research. Never invest blindly. THIS IS NOT FINANCIAL ADVICE!
$100 AVAX? AVAX HAS JUICE FOR 1 MORE PUSHA quick analysis of AVAX. I do think $100 AREA is reachable here!(could be just under. Don't put your targets too high)
What do you guys think?
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