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AVAXUSDT

AVAX Avalanche Double BottomAVAX (Avalanche) has shown a promising chart pattern with the formation of a double bottom, indicating a potential bullish reversal. This pattern suggests that the selling pressure has been absorbed, and a shift towards upward momentum may be on the horizon. With the double bottom formation in place, AVAX has the potential to rally, and the first price target of $17 seems achievable. As the market sentiment improves and buying pressure increases, AVAX could experience a notable price appreciation. Looking forward to read your opinion about it!
Long
by TopgOptions
SasanSeifi 💁‍♂️AVAX👉1D 🔻▪️ Hello everyone ✌️ As you can see, after the almost 30% price drop from the 14$ price range; Currently, the price is trading in the 11$ range. According to the behavior of candles, the scenario we can consider in the daily time is that if the support range of10$ is maintained, the price will grow to the Fair Value Gap-FVG range of 12.50$ and the important resistance range of 14$. And then, if it is confirmed from the resistance range, we will see the price correction. In case of a positive fluctuation, to better understand the continuation of the movement process,We have to see how the price will react to the resistance ranges. Otherwise, in case the price penetrates above the important resistance range of 14$ and stabilizes it, We may see more price growth. Possible trends are also identified. ❎ (DYOR)...⚠️⚜️ What do you think about this analysis? I will be glad to know your idea 🙂✌️ IF you like my analysis please LIKE and comment 🙏✌️
Short
by SasanSeifi
1
AVAXUSDT.1DHello Crypto Lovers, This is a 1D frame analysis for AVAXUSDT.1D After the pullback, the price started to move towards the first resistance line and is currently below it. If the price cannot establish itself above the resistance line, we can expect a corrective price movement, but if it breaks the resistance line, we can expect an increase in price to break the second resistance line. Currently, the price is not showing any particular trend and we should wait for an upward or downward movement towards the support or resistance lines. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1
BTC, ETH ☀️ Will XRP, AVAX, MATIC Face Rain? ☔️ Sunny weather with a few scattered clouds lies ahead for both Bitcoin, Ether, and many other altcoins in the next 24 hours.☀️ This means that a slightly bullish market with upside potential is likely. Some rain is likely for Ripple’s XRP, signaling a bear market with a downward trend. 🌧️ Over a one-week horizon, the trading conditions remain sunny for most cryptocurrencies. ☀️Altcoins such as XRP, Avalanche (AVAX), and Polygon (MATIC) aren't likely to benefit from this positive trend, facing clouds: a downward trend. ☁️ Follow us for more crypto weather insights!
BITSTAMP:BTCUSD
by ATTMO
AVAX on THIN ICEBankrupt exchange Voyager Digital to shut shop after failed deals, details inside According to Voyager Digital’s lawyers, the crypto lender will self-liquidate its assets after failing to reach an agreement on a sale to either FTX US or Binance.US. The announcement, shared in a court filing on 5 May, comes just ten days after Binance.US abruptly backed out of a $1 billion deal to buy Voyager Digital’s assets when the US government intervened to prohibit part of it. Prior to the agreement with Binance.US, the crypto lender made a similar offer to FTX. When FTX went bankrupt alongside Voyager in November, the first contract was cancelled. Voyager stated in a filing that a number of digital assets on the platform that cannot be removed will be liquidated and returned to its users. These assets include major cryptocurrencies such as Algorand , Celo and Avalanche . Avalanche’s latest collaboration with Chinese company Alibaba could change the game for AVAX in the cryptocurrency market. At press time, the excitement of the partnership was reflected on the AVAX charts. Avalanche managed to secure a major partnership that could make it a stronger contender in the metaverse. AVAX sees low demand despite the hype around a new partnership and supports retest. Avalanche could be about to spice things up in the metaverse thanks to a major development that might be a game-changer. The development in question is a partnership with Chinese tech giant Alibaba. According to Avalanche’s official announcement, the two secured a partnership through which Avalanche will be the conduit for Alibaba’s metaverse pursuits. The partnership will focus on Alibaba’s Cloudverse, the cloud computing segment of the Chinese company which already has millions of customers. Avalanche will provide the decentralized technology to support this metaverse endeavor. Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse One of the ways to tell if the excitement has been converted into strong demand is to evaluate on-chain volumes. AVAX on-chain volume experienced a slight upside in the last 24 hours, although likely not strong enough to support enough bullish excitement. Despite the lack of strong demand within the first 24 hours after the announcement, there was one key factor that may still support a strong bounce. AVAX’s price action had been trading within a tight range after finding support near the $16.50 price range. More importantly, the price was recently pushed into an ascending support line. The same support level may act as a bounce-off zone if AVAX can secure enough bullish demand in the next few days. Its MFI already pivoted after previously registering outflows. Weak bullish demand or a surge in sell pressure may also manifest in the market sentiment shifts in favor of the bears.
CAPITALCOM:AVAXUSDShort
by DaveBrascoFX
9
Avalanche to tumble southward as the downtrend persistsThe daily and 4-hour price charts of Avalanche showed the bears were highly likely to drive prices lower, especially after the move below $13.88 on 5 June. The higher timeframe charts showed that the mid-April rally failed to break key highs. This was followed by a downtrend in May, but the $13.8 area posed some opposition to the sellers. Avalanche had a bearish bias on the price charts. It is the fifth largest blockchain in terms of TVL but its DeFi activity stagnated in recent months. In other news, SushiSwap announced the launch of their v3 suite of products on Avalanche. The price action presented short sellers with an opportunity. The structure was bearish, but the volatility has been high over the past 48 hours despite seller dominance. If the prices fall beneath $13.5, it would represent a continuation of the downtrend. The market structure was bearish on the daily timeframe, and a downtrend was in progress. The 4-hour chart also showed a downtrend in progress. In May, the price formed a series of lower highs and lower lows. The $13.88 level served as support, but AVAX still formed a low at $13.71 on 25 May. On 5 June, the price fell to $13.48, showing that bears remained dominant. Despite the bounce to $14.6 on 7 June, the market structure remained bearish. Monday’s move was used to plot a set of Fibonacci retracement levels (pale yellow). It showed the 78.6% retracement level at $14.62, which explained the inability of the bulls to drive prices higher. Having established the bearish character of the market, a short trade can be entered upon a retest of the 50% retracement level at $14.21. The 23.6% and 61.8% Fibonacci extension levels at $13.14 and $12.58 can be used to book profits. A move by AVAX above $14.93 would invalidate this idea as it represents a key short-term lower high. It has been noted that the prices bounced to the $14.62 level on Wednesday. Despite that, the spot CVD continued to decline. Over the past 24 hours, the metric was flat, this showed buyers were in the minority and selling pressure was overwhelming. The Open Interest picked up a little, amounting to close to $10 million. However, when AVAX faced rejection at $14.6, the open interest dropped further. This development hinted at discouraged bulls. Overall, the bearish sentiment was prevalent both on the low and high timeframes.
CAPITALCOM:AVAXUSDShort
by DaveBrascoFX
1
4,72 AVAX good support areaOn HTF, a descending wedge can be observed. We have not reached the lower lines of the wedge yet, and I also do not see oversold conditions according to the RSI. I expect a bounce on smaller timeframes, followed by a subsequent price drop. There is a higher probability that we will soon see a price of $4.72 per coin. It may even go lower if support breaks. Considering the situation in the cryptocurrency market, I would consider long-term purchases. However, if we see the return of the price to $13.74 from the current levels, and depending on the situation with Bitcoin, Dominance etc, I will consider going long until the upper level of the wedge at $17.61 Where I will see whether to continue holding the long position or to look for a short entry. Personally, I expect a continuation of the dump.
Short
by vazitrades
2
AVAX Falling Wedge!BINANCE:AVAXUSDT is sitting in an aggressive wedge with prices being squeezed. I've got this post as a long as the price action leans towards that direction. Price is at previous area of value and with bullish divergence. > Waiting for buying pressure. Remember, this BINANCE:AVAXUSDT chart even though is sitting in a possible bullish wedge will be dragged around by BINANCE:BTCUSDT so you must have plan A / plan B scenarios planned for. You can refer to my CRYPTOCAP:BTC idea here: tinyurl.com On a possible fake out of this level, this will provide bullish ideas in line with the falling wedge. So the Bulls really need to hold this level (zone) to avoid further downside. Bearish ideas could have potential targets to 12.03 levels. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
AVAXUSDT - holds up better than the marketHello everyone. Today, the crypto market has pleased us again. While many companies from the technology sector are updating their highs, the crypt is arranging a red day in the calendar. Very strange of course. Well, apparently we still need patience so that the crypt has already gone after all the other technological assets. In the meantime, such thoughts on AVAXUSDT: the coin holds up well, does not merge like the others, walks between its supports. I think that we will bounce back from the lower level and go down in the long run to the first goal of 14.8 and the second goal to 16.
Long
by CRYPTOVALUTCHIK
AVAXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Entry: market and lower Target: 20 - 25 and maybe 28-33 zone after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM. Risk/Reward: 1 to 5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive