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AVAX / UST

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AVAXUST trade ideas

AVAX: Overbought at ResistanceTrade setup : Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re likely to see it pause here on some profit taking. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.
Long
by altFINS
AVAX "Unlocking Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis of AVAX** **Overview** Avalanche (AVAX) is a Layer 1 blockchain platform that offers high scalability, low transaction fees, and a wide range of applications. It is one of the most promising blockchain projects in the world, and its native token, AVAX, has seen significant growth in recent months. **Key Features** * **High Scalability:** Avalanche can process thousands of transactions per second, making it one of the most scalable blockchains in the world. * **Low Transaction Fees:** Avalanche transactions are significantly cheaper than transactions on other blockchains, such as Ethereum. * **Efficient Governance:** Avalanche's governance system is designed to be efficient and democratic. * **Wide Range of Applications:** Avalanche supports a wide range of applications, including DeFi, NFTs, and gaming. **Recent News** * **Avalanche Foundation Grants $250 Million to Support Web3 Development:** The Avalanche Foundation announced a $250 million grant program to support the development of Web3 applications on Avalanche. * **Avalanche Integrates with Chainlink Price Oracles:** Avalanche has integrated with Chainlink price oracles, which will provide more accurate and reliable prices for Avalanche-based applications. * **Avalanche Successfully Deploys Stargate Upgrade:** Avalanche successfully deployed the Stargate upgrade, which introduces a number of new features, including subnets and cross-chain compatibility. **Disclaimer** Please note that I am not a financial advisor and this is not financial advice. Investing in cryptocurrency is risky and you could lose money. Do your own research before investing.
Long
by MoonTradingForecast
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