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AVAXUSD

Avalanche (Avax) Update: Since the Buy signal from the ema and sma cross signalled on the 1st August, Avalanche (Avax) has been on a impulsive parabolic run, gaining over 400% in just over 24 days. Currently Avax is 10% from the ATH price @ $59.74, the price next target from here is at the 127.20% fibonacci level @ $73.49, 34% from the current price level. Please see previous analysis below. Happy Trading :) Avalanche (Avax) Update 21/03/21, be patient 63%+ Gain to ATH $59.7. $AVAX Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market! Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70. Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :) Key Notes on this project: Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem. Capped Supply An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
BITFINEX:AVAXUSDLong
by CryptocurrencyMagnet
(update) AVAX can reach 40$ after a pullbackHi every one AVAX/USDT This is an Update on the last analysis of AVAX. you can see That The Price has managed to Break this pattern successfully but there should be a Pullback to the new support which has been created recently .after that the price can reach around 40$ easily! Previous Analysis: 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
15
Avalanche Surges to Multi Month High, Can Bulls Continue ?-Price has risen nearly 120% this week -The 50MA has held price up the entire run -Bulls now have to battle major resistance zone AVAX was consolidating within an ascending channel over the past 3 weeks before bulls came out & pushed price above the top trend line. Since the trend line break, AVAX has exploded to multi month highs. As BTC has been consolidating the last few days, many alt coins have had a chance to push to new highs that haven’t been seen in many months. As long as BTC stays steady, alt coins will continue to run. BTC & other large cap coins set the stage for a large scale market revival which has occurred since August 1st. While looking at the ascending channel that price was stuck in the last few weeks, we can see how hard the consolidation was, which is what allowed AVAX to go parabolic. Once bulls managed to breakout of the top trend line, AVAX was set free and spiked almost 80% In 2 days. At the time of writing, price got stopped out at a major resistance zone found at $33.45-$37.24. If bulls regain their strength & break and hold this zone, Avalanche will be in for another spike. We can expect prices to hit the given target of $41.91 & potentially $48.10. At the time of writing, AVAX is being supported by a major support level found at $29.29. In the case bears assert their dominance & push AVAX below this support, we should expect a -15% fall to the next major support of $24.47. This would be a healthy scenario & nothing out of the normal as AVAX is up nearly 120% over the last week. The 50MA has held prices up ever since the uptrend started , so we can expect this to stay true. As long as price is above the 50MA, Avalanche is in a bullish state to potential hit the next given targets. While looking at the Stochastic RSI, we can see how it has been respecting a trend line over the last few days. If strength fails to hold this trend & breaks below, we should expect similar retracement to occur on the price as it would lose much strength in its current position. The regular RSI also looks very similar as a trend line has supported it the entire ride into the overbought territory. Any break below this trend will break the uptrend & will result in price to fall to the major supports given. AVAX Intraday Analysis Spot rate: $29.89 Trend: Bullish Volatility: High Support: $29.29 Resistance: $33.45
by CoinGape
AVAXUSDT in coming daysHi every one AVAX/USDT AVAX/USDT has formed a Big Rounded Bottom ! as you might know when we see a Rounded Bottom we can see a Incoming Bullish Movement In the Future! But the Price has yet to do a Massive Bullish Movement Due to the fact that the Price has not Managed to break this pattern yet And when it manages to Break the rounded bottom we can be sure the Price will Increase as much as the Rounded Bottom width. first It must break 20 resistance and In mid Term The Price can reach 40$ again! -AVAX/USDT is in a Rounded Bottom. -Massive Bullish Movement is coming -It still need time to do A massive Movement(still in the rounded bottom) -resistances are 20$ and 40$. 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
16
The best opportunity of the year to buy AVAX is almost hereWith bitcoin failing to sustain its support all altcoins have a downtrend momentum. One of the biggest opportunities for high ROI and somewhat of low risk comes in the form AVAX. Overall AVAX has outperform must of their peers. Also, over the year Avalanche has achieved many goals and they have more to come in the near and far future. It is a really young blockchain with great potential of becoming a key player in the next 20 years. Moreover, they have a solid and strong community that is constantly growing and compering to december 2020 they have 6x the number of followers in twitter and 10x the number of members in reddit. In the coming days we will have the best prices to buy AVA. After the accumulation face it will return to its ath and by the end of the cycle we will see an even higher price. Hope you find this helpful
by QuantumRod
3
AVAXUSD BUY/LONG NOW READ 19.00 - 70.00TICKER CODE: AVAXUSDT Company Name: AVA Labs Industry: CryptoCurrency - Blockchain Position Proposed: BUY Technical Analysis 1. Large Falling Wedge (Completed and Retraced) 2. Fibonacci Retracement to reach 0.786 ( Silver Zone) 3. Area of Confluence with 1 Trendline, Horizontal Support and EMA 200 4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range Buy Entry: NOW ACTIVE (19.00) - Still able to enter but NOT at an optimal price and the market may still test lower before the rise. 1st Partial Take Profit: 70.00 (End June - Early August 2021) - Note that I would consider Full Take Profit Here 2nd Partial Take Profit: 100.00 (End 2021) Stop Loss: 12.00
Long
by traderprosignals