Bullflag above resistance on daily! watch this pair on the hourly/4h for a break outside of the triangle its in it looks like a very strong chart good luck!Longby Trader_MDJUpdated 2
How Low Can AVAX Prices Go? Rapid Drop: AVAX coin prices have dropped rapidly in the bearish market, bottoming out at $10 for now. Lowest Daily Closing: The AVAX price closed at $10.58, the lowest since late 2021. RSI Levels at Lowest: With the RSI levels at their lowest in 2023, the selling momentum has reached a new high. Crushing Correction Phase: After a remarkable recovery in early 2023, AVAX entered a severe correction phase, failing to find support at crucial levels. Bounce Back and Reversal: Bouncing back from $11 in June led to a 32% gain, but higher price rejection caused a more severe correction. Breaking Support Levels: AVAX price broke multiple support levels, including $12.15, dropping to $9.90 before closing at $10.58. Retest at $10.78: Following multiple bearish candles, AVAX retested the $10.78 mark, vaporizing the YTD growth and resulting in a 1.15% loss. Bollinger Band and RSI Indicators: The falling prices stretched the bottom support of the Bollinger band, with stochastic RSI preparing a positive crossover and the RSI line dropping to its lowest in 2023. Sustainability Above $10: Intense selling and market conditions may lead to further decline if AVAX drops below $10, but lower price rejection indicates readiness to buy the dip. Potential Breakdown or Recovery: In a prolonged selling phase, the price could reach $9.60, while closing above $11.19 may trigger a recovery phase. by Coinpedia-Market-Insight3
AVAXUSD (1H) - Hi Traders AVAXUSD (1H Timeframe) The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 11.06 support level. Only the upward break of 11.50 would cancel the bearish scenario. Trade details Entry: 11.06 Stop loss: 11.50 Take profit 1: 10.80 Take profit 2: 10.38 Score: 8 Strategy: Bearish breakout Shortby Avramis4
Avalanche summit path: Down before we climb heights to glory!History doesn't rhyme but it often repeats. Technical Analysis: Rejection from 21W EMA & 20W SMA $11 repeat support tests will eventually breakdown, especially with Q3 and Q4 being historically poor performance for alt coins. Side this with actual recession now going to play our as opposed to initial fears. Worst case scenario; $4.20 (hehe) as strong support line. If it does reach here... Time to start going all in (not actually, I mean leverage, possibly 3x max) Looking at market cycle, we've have two LL's so far but are yet to see the 3rd LL (depression phase). With shitcoins still pumping in this market environments (monetary tightening and reducing liquidity) greed has not been flushed yet. Moreover, looking at the last crypto market cycle, alt coins went into a bear market for approximately 750 days, it's still to soon yet to call the bottom. Always hard to say but not a bad idea to nibble DCA in case we do somehow go on a tear up. It's a wild rodeo in crypto markets. Fundamentals Here are some of the best fundamentals for an increase of the AVAX token: - Strong partnerships and adoption. Avalanche has been partnering with a number of major companies and organizations in recent months, including Amazon Web Services, Deloitte, and the U.S. Department of Energy. This adoption is a sign of confidence in the Avalanche platform and could lead to increased demand for AVAX tokens. Growing DeFi ecosystem. Avalanche has a rapidly growing DeFi ecosystem, with over $10 billion in total value locked (TVL). This growth is being driven by a number of factors, including the low fees and fast transaction speeds of the Avalanche network. - Scalability and speed. Avalanche is one of the most scalable blockchains in the world, capable of processing over 4,500 transactions per second. This makes it a good choice for applications that require high throughput, such as DeFi and gaming. - EVM compatibility. Avalanche is EVM-compatible, which means that developers can easily port their Ethereum applications to the Avalanche network. This makes it a more attractive option for developers than other blockchains that are not EVM-compatible. - Active community. Avalanche has a large and active community of developers and users. This community is constantly building new applications and projects on the Avalanche network, which helps to drive demand for AVAX tokens. - Positive Regulatory Environment (AVAX itself). A favorable regulatory environment in key markets can boost investor confidence. If regulators in major countries provide clarity or positive guidelines regarding the use of Avalanche or AVAX, it can lead to increased investor interest. Tokenomics - Limited supply. There is a maximum supply of 720 million AVAX tokens, which is a relatively small supply for a major cryptocurrency. This could help to drive up the price of AVAX tokens as demand increases. - Staking rewards. AVAX tokens can be staked to earn rewards. This staking mechanism helps to secure the Avalanche network and also provides a way for investors to earn passive income from their AVAX tokens. - Fee burning. All fees on the Avalanche network are burned, which reduces the circulating supply of AVAX tokens over time. This helps to increase the scarcity of AVAX tokens and could drive up the price. - DeFi ecosystem. The Avalanche DeFi ecosystem is growing rapidly, and this could lead to increased demand for AVAX tokens. As more DeFi applications are built on Avalanche, more AVAX tokens will be needed to pay for gas fees and other transactions. - Institutional adoption. Avalanche is starting to gain traction with institutional investors. This could lead to increased demand for AVAX tokens as institutions start to allocate capital to the cryptocurrency market. Overall, the tokenomics of AVAX are designed to support a rising price for the token. The limited supply, staking rewards, fee burning, DeFi ecosystem, and institutional adoption are all factors that could drive up the price of AVAX tokens in the future. Investing/Trading I love asymmetric returns. How can you resist 20x returns to ATH and 75x returns for bullish case scenario? As my favorite crypto guy says "Time is on our side" - Benjamin CowenLongby Muri0014
AVAX Forecast: Cloudy Week Ahead ☁️ - Bearish OutlookAlthough the global crypto market enjoys ☀️ sunny trading conditions with a few ☁️ scattered clouds in the next 24 hours, as predicted by ATTMO, some altcoins like AVAX may encounter more ☁️ clouds over the one-week horizon, implying a downside risk. Follow us for more crypto weather reports! by ATTMO222
Closer To $12, Is AVAX Planning A Bounceback This Month?Ongoing Downtrend: AVAX coin price has trended lower, experiencing a 19% drop under a strong resistance trendline. Broken Support & Fibonacci Level: A break in crucial support trendline and the 61.80% Fibonacci level highlights a rise in selling pressure. 19.24% Below Swing High: The AVAX price is significantly below the previous swing high of $15.59, resulting in lower high formations. Challenges at $12.87: Buyers failed to hold prices above $12.87, testing bullish dominance at the 78.60% Fibonacci level at $12.13, but managed a bounce back. Recent Price Movement: AVAX prices are up by 1.55% in the last 24 hours, continuing to challenge the resistance trendline. Mixed Technical Indicators: The Stochastic RSI indicates potential reversal, moving towards oversold territory, but MACD lines show a bearish crossover. Potential Outcomes: Optimistic Scenario: If recovery breaks the resistance trendline, AVAX prices could reach $14. Pessimistic Scenario: A breakdown of the 78.60% Fibonacci level at $12.13 might result in an 8% fall to $11.19.Longby Coinpedia-Market-Insight2
03/08 AVAXThis is just a brief charting of AVAX, only using trendlines and Support and Resistance. Im also using EMA to understand that it is in the downtrend however, it could break to the upside of the pattern since the 4HR support line is really strong. Please take a look and add any comments by KevinBoneSosa220
AVAXUSD [2h] Getting ready to reboundAs you seen on graph big down trend over and developing up trend getting ready; even price very below middle line of up trend. So time is good for ~16.5 and then ~22 bandLongby zerr-tradeUpdated 0
Avalanche Oversold Oscillators On The 4 Hourly!Oversold on MACD, RSI, and Stochastic RSI on the 4 hourly time frames. All 3 major oscillators in trough zones. First targets $14.00. Could drop in the lower $12 region though. Anything below $14 is a nice buy for Avalanche. Much peace, love, health, and wealth! Longby peacefuljustin4
AVAX run the highs before going lowerA large amount of shorts have opened here and along with FED increasing interest rates there's a lot of fuel waiting at the highs. General trend is still bearish so would be cautious of price taking out the previous low.Longby sachu_blessyou2
AVAXUSD Long Trade Target 31$The AAVAXUD pair breakout from the downtrend stabilizing right above CC Fib (0.618 and 0.66). Next, we are looking at a closed above Anchored Vwap & NPOC both coming at 16.9 USD. Any close above that will start an impulsive move up to the levels described on the chart. We are looking at the high of the range coming at 30$. The bases for the Analysis is the Fixed rage volume profile, Weekly candles are constructed based on fractals for liquidity and the structure is based on previous break out. Note analysis is done on a Weekly time frame. This is not a Financial Advice just my analysis and trading plan. 16.94$ A small TP 1 and move stop loss to Neutral. Anchored VWAP and NPOC 22.72$ TP 2 - VAH of the Range. Any close above 22.85 above the parallel channel I am looking at TP 3 and final. 30$ is VAH TP 3 Then I will wait for a retracement to the CC levels and possibly a New yearly High.Longby Crypto_Raheel4
AVAXUSD: testing the 1D MA200 and top of 6 month Channel Down.AVAXUSD hit today the 1D MA200 for the first time since May 8th and almost reached the top of the Channel Down pattern. With the 1D timeframe turning bullish (RSI = 67.628, MACD = 0.250, ADX = 21.860) but the RSI also at the top of its own Channel Down, we want to get a confirmation of a breakout before buying and that will be above the R1 (17.6000), otherwise we will wait for a 1D MA50 retest. Either way, our medium term target is the R2 (TP1 = 21.5000) and long term the R3 (TP2 = 30.8000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope226
Crypto Analysis - AVAUSD Bearish TrendCrypto Analysis for Avalanche/USD, according to the LH's and LL's projected, I expect the trend to stay bearish. Shortby mstmehmood1
Flag - tgt 15.2We are finding support from the VPOC and 21D EMA. Impulse wave consolidation ABC seems complete and has made a falling wedge. Dip back to the yellow TL for liquidity pickup is possible, but i would consider continuation to the orange TL and hopefully the flag tgt more likely. Hopefully after the flag tgt is met, we will consolidate above the orange TL for a backtest of the breakout.Longby MtGoxFX1
BULL HARMBullish harmonic with price action coming up on the main TL. VPOC is around 17.30. Major double bottom is present around the 10.50 level.Longby MtGoxFX3
✴️ Avalanche | Cypher, Bat or Harmonics?I don't know about this pattern... The bullish bat, the cypher pattern, harmonics pattern, gartley, butterfly, crab, it has a hundred names... I don't know, I know it works pretty good when it shows up but I just don't know the maths of it... The blue one on the chart. First, let me apologize for keeping you waiting, I've been away for a few hours as I was meditating, you know I am very meditative, but this is great because it gives me a better perspective of the charts. Long story short, Avalanche turned everything green and please, ignore the pattern on the screen. AVAXUSD just closed above EMA50... While you might be thinking, "Yes, big deal, so what?" Hold on... It moved above EMA50 for a while in March as part of a correction but the last time this pair moved above EMA50 to the upside after the end of a correction was in January and this lead to a more than 111% bullish wave. This is where we are at now! You see... A big deal. Since we have a higher low, this new bullish wave can do the same as before or even more. Namaste. Disclaimer: All the information shared here is for your entertainment and learning purposes only. None of it should be construed as financial advice.Longby AlanSantana14
AVAXUSD Crossed over the MA50 (1d). Buy signal.AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th. Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely. Trading Plan: 1. Buy on the current market price. Targets: 1. 19.1500 (Fibonacci 0.786). 2. 21.5000 (Resistance 3). Tips: 1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone. Please like, follow and comment!!Longby TradingBrokersView228
✴️ Avalanche Becoming Stronger, Bullish Bias StrengthensAvalanche can be seen with a small cup and handle pattern, trading above the moving averages ema21 and ema10. This is still consolidation before the major bullish breakout. After the low 10-June we get a bounce and a retest of support. With support tested, we see consolidation above resistance that can lead to a sudden jump anytime. It can literally surprise and go from two weeks of small/sideways candles, to big strong candles typical of Cryptocurrency bullish waves. Needless to say, this information is supported by the indicators being bullish and a long-term high lower. The targets can be seen green mapped on the chart with potential ranging as 30% and 115 in the short-term. Medium and long-term much more. Namaste.Longby AlanSantana1115
AVAX: Classic bubble pop and future possibilities AVAX has all of the hallmarks of classic bubble pop. I think that a bottom will be found around October 2022, hopefully somewhere in the white demand box. I will be accumulating here. Then Avalanche will continue to grow over the years. I think a future valuation of at least $1000 is easily possible. Consider that as of today, it is currently processing about the same amount of daily transactions as Ethereum but for 20x lower fees and with instant finality, all with over 1000 nodes, so highly decentralised. Shortby PipE__Dreams__Updated 0
AVAXUSDT Top down analysis.Multi timeframe PRICE ACTION analysis. Please comment below anything you would like me to breakdown next.02:47by FOREXFIT2
✴️ Avalanche Ends Its Correction | 111% Bulls Potential NextAvalanche is definitely one of the top Altcoins, it sits at #18 in size by market capitalization and so far this year is up 21%. The potential is huge as some other Altcoins are up 50%, 100% and even 300% or more YTD. This pattern is just like the falling wedge, it has a high level of accuracy... When it shows up, you know what comes next. As for price action and the indicators, we have a lower low based on the candles wick yet a higher low based on candle close. The RSI went oversold but is back above 50. Meaning that there is plenty of potential for growth as we have a bullish RSI with prices trading near support. Maybe this bullish wave will go through July and quickly end or reach August, that is something to be seen... Or maybe it can go beyond to September? That would be interesting. Here we can see an easy, short-term target of $17 for 33% and $28 for 115%+ in the coming months. Keep in mind that the charts can always change. Market conditions can change so it is good to plan and prepare for all scenarios... If it goes down, will I hold or sell at a loss? If I decide to hold, for how long am I ready to hold, 3 months, 6 months or 10 months? If it breaks up, when will I sell and by how much? Will I sell everything or keep a portion behind in case prices continue growing? Answering these questions beforehand can really improve your trading, your peace of mind, your results. If there is a sudden jump or crash it wouldn't matter to you as you already have a plan... Makes sense? It takes time and effort but it pays. Thank you for reading. And thank you for your amazing support, it is truly appreciated. Namaste.Longby AlanSantana20
AVAX (W) - Rejected on Fib and headed to $3.50.Morning/Afternoon/Evening, Here is Avax on the weekly with MAs, Fib, RSI and MACD. Chart is currently in a bear flag with the potential setup for a move to $3.00-3.50. MAs signaled death-cross on May 29th, signaling more downside. MACD and RSI are setting up rejections to the upside and movement to the downside. Volume remains extremely low. I'm remaining on the sideline until further evidence indicates otherwise. -TNTShortby TheNextTrillionaire112
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.Shortby DaveBrascoFXUpdated 995