AVAX Breakout PotentialIndicators used:
True Momentum Oscillator
Fibonacci Bollinger Band Cluster
Consensus Tables
The daily AVAXUSDT chart seems primed for a breakout, with lower timeframe charts beginning bullish movement. The TMO is in the oversold lower range with the momentum heating up towards the zero line. Price is hovering around the bottom-most band of the Fib. Bollinger Band cluster, past the 1st, 2nd, and 3rd deviations. Price action is testing upper bounds of a larger trendline, potentially as part of a falling wedge. Wedges of the sort have a tendency to break into inverse head and shoulder patterns, which could lead to a price recovery into the $13.50-14.40 range, provided BTC holds up. Otherwise, a test of the lower trend line is likely.
AVAXUSDT
The point to be supported is...Happy new year!
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(AVAXBTC 1W Chart)
In order to dissipate the rising force, it must rise above 0.008 602 ~ 0.0009 187.
--------------------------------------
(AVAXUSDT 1M Chart)
The key question is whether the price can sustain its rise above 13.47.
If not, it is better to wait until HA-Low is created in the long term.
(1W chart)
If it continues to decline along the downtrend channel, there is a possibility of a decline to around 6.54, so we need to think about countermeasures.
(1D chart)
The question is whether it can break out of the downtrend channel by moving sideways around 10.83.
If not, a decline to around 7.72 is likely.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
AVAXUSDT 4HClassic rectangular formation caused in part by the triple bottom at 11.14. At the moment AVAX is licking the lower edge of the rectangular base and touching the lower line of the Keltner channel, in addition the stochastic RSI is indicating cooling of sellers which technically all indicates a good moment for Long.
From top to bottom AVAX has already corrected 92.40%, not long ago Defrost Finance, a decentralized leveraged trading platform on the Avalanche blockchain and investors reported the loss of AVAX tokens from MetaMask wallets.
A high-octane, feature-rich token, Alibaba Cloud has announced an integration with the Avalanche blockchain to power the company's Node-as-a-Service initiatives.
Follow support and resistance
S: 11.14 / 10.57
R: 11.53 / 11.90 / 12.68 / 14.37
AVAX ANALYSIS#AVAX UPDATE.
#AVAX is facing huge resistance at the red box resistance area and got rejections on 4 TF.The current resistance for avax is the 20SMA on BB .The contraction of the BB suggesting some strong and flash move waiting ahead for avax .Do not enter in longs until avax close above the red box resistance.
AVAXUSDT: Breakout of Bearish Channeling,Goes Under $12.00 soon?Hello Fellow Global Crypto Investor/Trader, Here's a Technical outlook on Avalanche Coin!
Chart Perspective
The breakout of the bearish channeling is an indication of a potential bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible downside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AVAXUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick AVAX/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.
November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.
As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.
Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.
The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.
Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
Avalanche Analyze (Short term, Timeframe 4H, 12/05/2022)!!!
Avalanche was able to reach the resistance zone by zigzag correction.
The sign of the end of the zigzag correction is the creation of two Shooting Star Candlestick Patterns in the resistance zone.
I expect Avalanche will go down at least until the support zone after breaking the uptrend line.
Avalanche Analyze (AVAXUSDT) Timeframe 4h⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AVAXUSDTHello Dear friends
We have bullish signals on higher time frames; Like the possibility of completing the bearish wedge pattern at the end of the downtrend, provided that the price range of $11.18 is maintained
But on the 30-minute time frame, we have a tight movement that can be from both the top and the bottom, and the probability of its exit is high. Provided that the range of $15.93 is maintained, there is a high possibility of forming a downward trend in lower time frames, similar to the drawn scenario.
We would be happy to hear your comments
Buying is risky because it is close to the resistance zoneHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(AVAXBTC 1W Chart)
If it is supported and rises in the range of 0.0007 164 to 0.0009 769, it is expected to release the power of the rise.
----------------------------------------
(AVAXUSDT 1W Chart)
It is important to be able to rise to the 15.44-20.30 section and be supported.
To do that, we need to see if we can get support around 13.47.
(1D chart)
It's a matter of being supported in the 12.77-13.47 section or higher and being able to rise above 15.44.
If not, you should be careful as there is a possibility that you will be forced to move around 6.54.
The 15.44-20.30 section is the section that determines the trend, and if it is supported and rises in this section, it is likely to continue the uptrend.
That said, the 15.44-20.30 section is a section with strong support and resistance, so be careful buying.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
AVAX : UPDATEAVAX is a cryptocurrency that is showing an interesting view on the low time frame. This could potentially lead to an increase in the price of the coin, bringing it into the green levels on the chart. It is always important to do your own research and analysis before making any investment decisions with cryptocurrency. The market can be volatile and unpredictable, so it is essential to carefully consider the potential risks and rewards before investing.
Interesting to follow the coin for coming time.