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AVAXUSD

AVAX IS AT FIB 61.8 WITH IMMINENT PULLBACKThis asset (AVAX) has made some positive runs lately. However, this asset haven rallied up to FIB61.8, I feel it is time for the retracement to happen. I feel AVAX need to pull back to $90 zone for the bull momentum to come into action once again. If this happens, then we should see AVAX break beyond $100 and even hit the $110 zone of the ascending channel. Always remember that positive tokenomics (news) will be a quick way to push this asset to the moon. negative news can also be the other way round. NOTE: Kindly LIKE, Comment, Criticize and Follow.
COINBASE:AVAXUSDLong
by ForexClinik
4
AVAX/USDT : How to trade AVAX BINANCE:AVAXUSDT Hello everyone 😃 Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! Currently it's not a good idea to swing trade $AVAX. - Day-Traders and Scalpers can have their taste on the lower time-frames... I'll be looking for the positions on both side if we get the confirmation on them ! - I'll take my Long once $AVAX reaches above $105 and aiming for $117 - $130 - I'll take my Short once $AVAX reached below the trendline ( Better to be below $88 ) and aiming for $77 - $67 🔴 Be aware of $BTC's movement; I'm still looking for the rejection on $51K's level. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
8
AVAX (Avalanche) Coin Analysis 29/03/2022Fundamental Analysis: 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. Avalanche attempts to solve the blockchain trilemma, which posits that blockchains cannot achieve a sufficient degree of decentralization at scale. A consequence of this are high gas fees, as is often the case on Ethereum. To solve this problem, Avalanche designed three interoperable blockchains. The Exchange Chain (X-Chain) : employed to create and exchange the native AVAX tokens and other assets. Similar to the ERC-20 standard on Ethereum, these tokens follow a set of standardized rules. It uses the Avalanche consensus mechanism. The Contract Chain (C-Chain) : hosts smart contracts and decentralized applications. It has its own Avalanche Virtual Machine, similar to the Ethereum Virtual Machine, allowing developers to fork EVM-compatible DApps. It uses the Snowman consensus mechanism. The Platform Chain (P-Chain) : coordinates network validators, tracks active subnets and enables the creation of new subnets. Subnets are sets of validators, sort of like a validator cartel. Each subnet can be validating several blockchains, but a blockchain can only be validated by one subnet. It also uses the Snowman consensus mechanism. This division of computing tasks enables higher throughput without compromising on decentralization. For instance, private blockchains on the network could require its subnet’s validators to be sufficiently geographically decentralized or comply with certain regulations. Following this modular structure, Avalanche improves its interoperability with other blockchains wishing to integrate with the Avalanche ecosystem. Furthermore, the two different consensus mechanisms are designed with each blockchain’s requirements in mind, further improving their efficiency. VAX is traded on the Exchange Chain, which follows its own Avalanche consensus mechanism. Unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol. That way, transactions are processed simultaneously, and validators' random polling ensures that transactions are correct with statistical certainty. There are no blocks in this consensus mechanism, allowing immediate finalization and significantly improving the blockchain’s speed. Avalanche was launched by Ava Labs, founded by Cornell University professor Emin Gün Sirer, and Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. Gün Sirer is a veteran in cryptographic research, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper. He was also involved in work on Bitcoin scaling solutions and research on Ethereum before the infamous The DAO hack in 2016. From that research arose the whitepaper that led to the foundation of Ava Labs in 2018. The project closed a seed round in February 2019 that included investors such as Polychain, Andreessen Horowitz and Balaji Srinivasan. Avalanche closed its initial coin offering in 2020 in under 24 hours, raising $42 million in the process. The total supply of AVAX is 720 million. Its token distribution is as follows: 2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months. 3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months. 10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months. 9.26% - allocated to the foundation, released over ten years. 7% - community endowment, released over twelve months. 0.27% - testnet incentive program, released over one year. 5% - strategic partners, released over four years. 2.5% - airdrops, released over four years. 10% - team, released over four years. 50% staking rewards Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX. The current CoinMarketCap ranking is #10, with a live market cap of $24,913,139,049 USD. It has a circulating supply of 267,284,167 AVAX coins and the max. supply is not available. Technical Analysis: Looking at the Price Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 60$ , thus retracement to 8$, followed by 3 Months of Re-Acumulation Phase till Mid August 2021, which developed the New Cycle with its New ATH of Approx. 145$, followed by Price retracements to 50$ which is the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (146$). this means the Price has Been accumulation since its retracement for its 3th cycle which can have the new ATH of 430$. There exist the Regular Bullish Divergence of Price Value from MACD , which is the very Significant sign of Bearish Trend Reversal which eventually Start the new Bullish Trends. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 38.2% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area. Probably we may not again see the 50% price or bellow...
Long
by BitonGroup
AVAX (Avalanche) Coin {Market Cap} Analysis 03/04/2022Fundamental Analysis: Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Avalanche launched on mainnet, September 21, 2020. Since then, the platform has grown to secure over 450+ individual projects, $118M+ of AVAX burned (reducing supply), 1,350+ individual block-producing validators, and over 1.5M+ community members around the globe. AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche. The total supply of AVAX is 720 million. Its token distribution is as follows: 2.5% - seed sale, with 10% released on mainnet launch and the rest being released every three months. 3.5% - private sale, with 10% released on mainnet launch and the rest being released every three months. 10% - public sale, with 10% released on mainnet launch and 15% released every three months over a period of 18 months. 9.26% - allocated to the foundation, released over ten years. 7% - community endowment, released over twelve months. 0.27% - testnet incentive program, released over one year. 5% - strategic partners, released over four years. 2.5% - airdrops, released over four years. 10% - team, released over four years. 50% staking rewards Staking AVAX currently provides an annual reward of 11.57%, with the minimum time for staking being two weeks with a minimum of 2,000 AVAX. The current CoinMarketCap ranking is #10, with a live market cap of $26,215,418,498 USD. It has a circulating supply of 267,355,674 AVAX coins and the max. supply is not available. we have already Analyzed the AVAX (Avalanche) Coin Asset, you can read more Fundamentals and understand the Project: Technical Analysis: Looking at the Price Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 60$ , thus retracement to 8$, followed by 3 Months of Re-Acumulation Phase till Mid August 2021, which developed the New Cycle with its New ATH of Approx. 145$, followed by Price retracements to 50$ which is the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (146$). this means the Price has Been accumulation since its retracement for its 3th cycle which can have the new ATH of 430$. There exist the Hidden Bullish Divergence of Price Value and MACD , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles. As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 38.2% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area .
CRYPTOCAP:AVAXLong
by BitonGroup
5
AVAX 130 $ is cominghello as you can see on the chart we had a beautiful retest on 96 $ level and with a long shadow , it means some people got scared and sold . always these guys will FOMO and buy again at higher prices . AVAX looks good and I think will be around 120 - 130 $ soon or later. the only bearish thing is RSI getting overbought, maybe we retest 96 $ a few days later. ..... not financial advice ! please , share your ideas with me. I'm always ready to learn. thank you. have a good day.
Long
by coocoolikoo
3
AVAX snowballing - LFGCharted on 28th, posting on 30th for $AVAX As this is being written, the AVAX conference is over and has been quite a display of events for many developers and investors looking to get in the best alternative EVM network. Besides being part of the SOLUNAVAX and JEWELUNAVAX narrative. Reasons to be bullish AVAX + subnets - handling many transactions that even allows for gas fees to be native token other than AVAX, reducing load on network, #Crabada game and #DFK are the 2 chosen ones for the entire world to see + 1 second finality + low gas fees + seamless experience + onboarding tradfi clients for defi + gud team + Pump season Expecting a rush to onboard AVAX as more defi initiatives build on top of it and the adoption and entrance from GameFi developers after seeing DFK and Crab’s eventual success. You can learn more about AVAX here Trading plan - 3 scenarios Very bullish - 35% Alts season with BTC getting higher and USDT dominance dropping - this means greater liquidity flow from higher cap alts to lower ones, as well as risk-on behaviour. AVAX ranks 10-11th place but has yet to reach its ATH which will be a psychological target for many. Also part of the strongest meta narratives. Generally as it has broken out of a descending trendline, printed a higher high and bounced off the 0.382 fib (around $89), the demand zone would have shown where people would have loaded up. Targets are overhead fibs 0.5 ($100), 0.618 ($111) 0.786 ($127) and then ATHs ($147). TLDR add on reconfirmed tests of fibs, old demand zone, ranges for parabolic price channel, and flip of old supply zone. It gets tricky once it reaches the 0.5 and 0.618 fib as the latter is an old supply zone, hitting 0.5fib would signify that AVAX is about to enter a parabolic price action yet again. Expecting volatile rejections from these old supply zones and usually the first attempt to breach into parabolic price action channel would fail. Targeting a 3-5 week trade with targets $127 and $147 before seasonal weakness in May appears Conservative Bullish - 40% It is a known thing that tokens usually display post-conference dump with reference to Fantom and Solana conferences. Would be expecting the lower 0.236 fib to be tapped near $75 to create capitulation. And then the current supply zone will be retested again, maybe twice, before breakout succeeds and confirmation of support at $89 which is the 0.382 fib that sits comfortably in the new demand zone. TLDR add below current supply zone towards 75.5 or upon breakout and retracement and retest of $89, before targeting $100 and $111, which is the 0.5 fib that could determine bullish or bearish sentiment, as well as 0.618 which is a key fib level which a) typically faces price action rejection and b) coincides with the support of the parabolic channel. Bearish - 25% BTC might dip as the price action may be unsustainable according to others, creating sell pressure of AVAX in AVAX/BTC or AVAX/USD pairs as liquidity is lowered and people take profits to protect capital. It would be likely if the price dips towards the lower ascending trendline at $68, and then I would look out for any breaks below this trendline which would indicate weakness and lack of buyers. TLDR short on rejection of 0.236 fib and breakdown of lower trendline with a target of $54, slightly above the old demand zone near $53. Generally I only long coins, so this could be used to determine your entry levels to maximize risk:reward ratios. Also 25% likely scenario because we note that the volume has been relatively lower as compared to previous price run This analysis involves mainly around fib levels demand/supply zones flipping to provide support(old supply zone becomes demand area) or resistance (vice versa). Awaiting AVAX real price movement once volume kicks in because right now it is already trending upwards on lower volume. If you’re looking more at long term growth, do check out Bybit as they offer spot, perps, 2% APY staking and information on AVAX too
Long
by Zyale
AVAX has bullish Potential & Difficulties along the way🌳AVAX has been In a Big Symmetrical Triangle. But not Long ago a Bullish Break out Happened and Determined The Trend for this Pattern. as you know Depending on The Break out, The Price can change It's Trend (In Symmetrical Triangles). The Pullback has Happened & The Price is Ready To Reach around 120$ which is also a Big Target and Resistance. For Now We shall Wait for Reaction From 96$ which is another Resistance. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
5
Avalanche: Ready to AvalancheAvalanche still has time until the resistance at $98.77 to finish wave B in green, but it could also decide to avalanche into the orange zone between $70.58 and $58.31 immediately. There, it should complete wave C in green as well as wave ii in orange and use its drive to change direction. In contrast to its namesake, Avalanche should then rush upwards above the resistance at $98.77. However, there is a 35% chance that Avalanche might endeavor to emulate said namesake and slide below the support at $53.16.
BINANCE:AVAXUSD
by MarketIntel
1
Avalanche (AVAX) - March 30Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- ** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward. (AVAXUSDT 1W Chart) Primary resistance: around 107.62 Secondary resistance: 133.79-142.52 Support: 72.72-81.45 (1D chart) Key Point Point: 89.59 We need to see if we can move up along the rising channel that has been formed in the short term. However, it may temporarily touch the 4th section (72.72-81.45) and rise, so careful trading is required. (buy) - After confirming the support around 89.59 (Stop Loss) - When it falls below 81.45 - When it falls below 72.72 (Sell) Sections 1 and 2 are a psychological resistance section, and there is a high possibility of shaking up and down. So, if you decide to sell 100%, you should not buy again if the price rises. - When resistance is received in section 1 - When resistance is received in section 3 ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
avax/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Link to previous chart: The 5th wave of the minor wave (3) cycle hit sooner than expected and we've reached the bottom of the wave (4) retracement. We should be working on the last impulse wave (5) of the bigger cycle as shown. The price of wave 4 has entered price territory of wave (1), which normally doesn't happen too often, but when it does, it's a good indication that the bottom is in or near, unless its a dead shitcoin. I don't think avax is dead as there are a lot of good development from the team.
BINANCE:AVAXUSD
by AyoKu