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AVAXUSD

AVAXUSD close to starting a rally to $250.00Avalanche (AVAXUSD) has been trading below the 1D MA50 (blue trend-line) for the past week, ever since the pull-back from the April 02 High. Even though that rattled the confidence of many market participants, there is no cause for concern as this was a short-term profit-taking correction within the larger Rising Wedge pattern on the long-term. The coin is coming off an Accumulation Phase similar to those of June - July 2021 and October - December 2020. The 1W MA50 (red trend-line) has been supporting for the past 8 months and the 1D LMACD is approaching a Bullish Cross formation. This is a bullish indicator mix, familiar with the previous Rise phases that led to Higher Highs on the Rising Wedge. The next Higher High is expected to be close to the 1.5 Fibonacci extension. We set a $250.00 long-term target on AVAX. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:AVAXUSDLong
by TradingShot
3
Avalanche (AVAX) - April 19hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (AVAXUSDT 1W Chart) Primary resistance: around 79.80 Secondary resistance around 109.43 Support: 56.51-64.90 (1D chart) (buy) - After confirming the support in section 79.80-81.31 (Stop Loss) - When it falls below 79.80 and receives resistance (Sell) - When receiving resistance near 89.59 - When receiving resistance near 109.43 (buy) - After confirming that it is supported above 64.90 (Stop Loss) - When it falls below 56.51 (Sell) - When resistance is received in the range 79.80-89.59 - When receiving resistance near 109.43 If it rises above 89.59, a sharp move is expected. If it deviates from the uptrend line and goes down, it is likely to drop below 64.90, so trade with caution. ------------------------------------------------------------ ----------------------------------------------------- ** 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** 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
2
AVAX/USDT - Potential 69% SetupHello Traders! AVAX is moving in a local uptrend, pushing the $98 resistance level several times. The price is testing the MA100 on the daily timeframe. A "Rising Triangle" pattern has been formed on the chart, an upward exit from which shows a potential rise to the resistance level of $135.50 Looking for purchases is possible near the current price values of $74 - $82 Closing the deal using stop loss is reasonable in case the price goes lower than the level of $64 The targets will be price levels of $125,00 $135,50 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:AVAXUSDLong
by UnknownUnicorn10064030
AVAX - URGENT update! idea from 12.04According to the chart, we see that we made one more touch and rolled back. Today I expect a breakout, the btc and the market look very bullish. Atr is small, we are above the vwap. You can enter either with a swing stop loss or a scalping one. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
2
AVAX - beautiful trendline- BTC is going sideways - 8th touch - Trendline is visible to everyone - There has been 3 false breakouts When squeezed to the level, I plan to enter on retest with a stop behind the minimum Because the market is sideways, be careful, and use only half of the working volume What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
2
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