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Avalanche

AVAX Avalanche: 1D Chart ReviewHello friends, today you can review the technical analysis on a 1D linear scale chart for Avalanche (AVAXUSD), a cryptocurrency. Quick Analysis: 1) The price has been respecting a multi-month parallel channel it formed in early 2021. 2) Since August 2021, the price has been supported by a trendline, which it is hovering above/below over the past few days. 3) If the price does not come back above the support trendline, keep an eye on the lower trendline of the parallel channel. 4) The RSI (relative strength index) has formed a multi-month bearish divergence. 5) Volume has reduced over the past few days compared to the past few months. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITFINEX:AVAXUSD
by MillionaireEconomics
3
AVAX DailyWell the daily analysis of AVAXUSDT shows that we are still in up tred some Technical facts RSI is in down trend but in very important section, it has to break dynamic and static resistance . price movement is in up trend reacted to static support & dynamic support (red line & orange area) if we loose this price and daily closes below 97$ we are goin to touch orange area. the volume of the recent days trades is good. This analysis is a possibility and might fail due to market fluctuations.
Long
by Ety_Ethan
avax 12-16 updatemorning ~ avax is bae. - but i think avax has one more little dip to go before it truly takes off. - >i'm not going to talk about how high it's going to go after, as that is genuinely not important right now. >what is important though, is buying it at the end of a massive correction. >what follows after is self explanatory. --- a wise man once said to me, "I can care less about impulses, I only care about completed corrections". --- previous avax updates 👇
FTX:AVAXPERP
by notoriousbids
13
Avalanche (AVAX) - December 17Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (AVAXUSD 1W Chart) Over 63.3093173-80.9999458 section: Expected to create a new wave. We need to see if we can continue the uptrend along the uptrend line. If it falls from the 56.5183378 point, it may fall near the 24.0049795 point, so a stop loss is needed to preserve the profit. ------------------------------------- (AVAXBTC 1W Chart) Above 0.0014834 point: Expected to create a new wave. Since the wave is not well formed, it is necessary to increase the holding quantity corresponding to the profit along with a short-term response so that the profit can be regenerated. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:AVAXUSD
by readCrypto
AVAX/USD - Rally to $120 next! Strong momentum.Avalanche rallied on the news that it will be the newest network to support USDC, the second-largest stablecoin in the crypto market. Key Support levels: $95, $78 Key Resistance levels: $121, $147 (ATH) AVAX touched the support at $78 before starting a significant rally after Circle announced AVAX as the next network on which USDC can transact. This news took the cryptocurrency above the resistance at $100 which now acts as support. The next key resistance is found at $121 and the all-time high is still some distance away at $147. Technical Indicators Trading Volume: Strong volume behind this most recent rally. This is bullish and there appears to be no weakness in the momentum at the time of this post. There is technical resistance at $121. RSI: The daily RSI is moving higher and, at this rate, it can make a higher high soon. Considering it is at 56 points at the time of this post, AVAX has plenty of room to run before getting into overbought conditions. MACD: The MACD on the daily completed a bullish crossover. This shows that the AVAX’s correction has ended and a new rally is in play. Bias The bias for AVAX is bullish. It’s important to keep a close eye on the next key resistance as the price may suffer a pullback once it’s there. Short-Term Price Prediction for AVAX AVAX’s strong fundamentals propelled the price higher in the past three days and this momentum might continue in the nearby future, provided that the broader market doesn’t tank. The indicators and fundamentals favor the bulls right now. Like and follow if you liked my idea!
Long
by DU09
3
Avalanche looks like it’s close to finished with its correctionThis ascending yellow line was essentially a neckline for an ascending head and shoulders pattern. Once we broke down from this the actually target was around $57, but being a bearish pattern during a bull market probability favors that it would not hit 100% of it’s measured move breakdown target…by bouncing where it has though it has created a much more standard horizontal neckline of a more stereotypically shaped head and shoulders pattern (the neckline shown here in red). The target for breaking down from this head and shoulders is well under $10. Personally this seems highly unlikely to me. Something like this would likely only occur during a sever and unexpected black swan and would only stay at that price range for a very short time if it did happen, which would i anything only be a tremendous opportunity to stack one of the more fundamentally strong crypto projects in the space. Due to avalanche’s strong fundamentals and utility, I think probability much more highly favors that we maintain the horizontal red line as support before inevitably confirming the correction is over and heading higher. Until I’m certain that we are fully finished with he correction however I will have to leave this as a neutral idea, even though I’m definitely leaning bullish on it. *not inancial advice*
COINBASE:AVAXUSD
by DrDovetail
avax 1-2?got a feeling avax is in a bullish 1-2 setup here. >reason being, it retraced from the recent highs of $146 in a 3 wave move (a-b-c). >wave c was 123.60% of wave a, and landed perfectly into the larger local golden zone at about $76. >look how it's dipping relative to everything else, super high demand + signs of accumulation. i'll share my longer term avax count later this week if this upward move is confirmed. ---- looking to take this from around $84~>$121 for a sub-wave 3 swing. slightly higher risk on this trade, due to this unique setup in a sea of endless chop. previous avax posts 👇
FTX:AVAXPERPLong
by notoriousbids
2
Solana (SOLUSD) or Avalanche (AVAXUSD) - which to choose?If I still would be allowed only to choose between one of these two coins... ... just by looking on the daily chart without a view on the fundamentals. AVAX has two chart-advantages IMO: 1. The price is above the OBV and not below a resistance 2. In case of a massive dump (we are within) the next volume support is closer to current price But if you don´t have to choose between both... perfect 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *no financial advice do your own research before investing
BITFINEX:AVAXUSD
by Crypto4Everybody