Avalanche (AVAX) is about to brake out!!!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.
According to my view It can be depicted cup & Handle pattern, now it's performing handle, If it can be break out upward my first technical target is $ 170 and then it will hit $ 225.
Thank You !
#DoYourOwnResearch#
#IamNotaFinancialAdvisor#
Avaxusdtlong
40% positive, or 15% negative🔵The blue line is the entry price (enter a little late)
🟢the green line is the target (do not forget to collect profit)
🔴The red line is the loss limit (do not forget capital management)
⚫️The black line is the probable path (it may not be)
⚠️Have capital management
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If you have a comment, leave it in the comments.
💰Be in profit💰
AVAXUSDT Resistance Breakout!AVAXUSDT (1h Chart) Technical analysis
AVAX/USDT(1h Chart) Currently trading at $3060
Buy level : Above $66.3
Stop loss: Below $60.4
TP1: $69
TP2: $74
TP3: $77
TP4: $82
Max Leverage 3x
Always keep Stop loss
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Avax updateAfter hit first target and creating inverted head and shoulders,
There was a pullback and again bounce back from 66-68 levels
But I think at current cmp (70-72) level it won't go directly to our second target 🎯
I assume a sideways for next few hours, halting near to 72 level it can create a buildup to push the price further towards 82
AVALANCHE - Our Spot Queen for the Season 🥨🥂Xmas is coming sooner than we think.
London tends to turn Xmas decorations in early November but we, here at FXPROFESSOR we start our planning from mid-September!
All i want for Xmas is to see AVALANCHE over 100 because that will be my shopping budget..that's the plan at least.
ps. even if cryptos go to zero there will be happy faces in this house, make sure you save first and then invest... what you can afford to 'lose'
Come on AVALANCHE..100$ is easy for you, you can do it.
oh and some more AWESOME NEWS!
the FXPROFESSOR
AVAX LONGBINANCE:AVAXUSDT
AVAX LONG
WE can see very nice MA&EMA on avax for hard push maybe to 77USDT i hope 90USDT is good ... AVAX is Blockchain technology i think AVAX can go up easy like solana it is all on developers :D if they are some developers whos going type theirs web3 apps on AVAX ... Thats will be PUSH nice -.- Buyin AVAX for today and it time will show
AVAX challenges the market to the altcoin party's last danceWhat we see on the above chart of AVAX is a beautiful cup & handle formation.
The huge increase in volume shows that masses of AVAX coins obviously changed hands during the handle formation. So there was a lot of accumulation here. Most likely in anticipation of the Avalanche price breaking out of its formation this week and reaching a new all-time high.
The flag formation, which is the handle of the cup, has already been broken to the upside. Currently, the Avalanche price is trying to establish the 0.382 Fibonacci level as support, in order to break the confirmation line ($58.50) from there. It failed its first attempt over the weekend.
The minimum price target resulting from the chart pattern is $110. As luck would have it, this price target falls pretty much at the 1.618 Fibonacci level.
At the current price of $51.72, that would represent an increase of about 115%.
A final bullish week that has many investors in the market forgetting about the looming threat of a crash makes perfect sense.
Money in the crypto market moves in cycles. It flows from larger ecosystems to smaller ones. When the smaller ecosystems slowly overheat, the money flows back into the larger ones. This process can often repeat itself several times until the last bit of return has been squeezed out of the market and the whole scheme collapses in on itself.
The reason for the collapse is the inflated prices for which there are no longer enough buyers to sustain the rally.
But what ecosystem is left? The NFT hype has gotten out of hand and has become the playground of a few big players. The so-called "floor prices" of certain exclusive NFT classes are an illusion, as it is almost impossible to find a buyer in the market at these prices.
DeFi blue chips on Ethereum have stagnated. Polygon had its moment as the first legitimate scaling solution, but that moment has already passed. Solana and many of the dApp tokens are already overpriced and Cardano, despite its Alonzo upgrade, lacks the promised wave of killer dApps. So the only thing left, in theory, is Avalanche's still relatively young ecosystem.
What will ultimately cause the market to collapse? Probably the realization that none of these new smart contract blockchains have launched even one innovative DeFi app that doesn't already exist on the Ethereum blockchain.
Disclaimer: This analysis is an excerpt from the Bitcoin forecast on the German crypto blog Bitcoin-Bude. Source: Avalanche Kurs Prognose
AVAX in my poiny of view is diamond Hi, just to let you 1 week ago i explain the points that you will get then don't miss that entries as you see it gave all the entries
and if you took it and then enjoy the profits
keep holding it for some time it will make you a very good amount of money it has a lot of potential