Avalanche
Avalanche: Could still 10x in this crypto cycleThis is our first time covering Avalanche. AVAX seems to be starting a new uptrend, that could lead up to $900 by March 2022, when the cryptocurrency frenzy hits retail. If we look at Defillama, the TVL in that layer-1 is increasingly significantly, at a faster pace than even Solana. AVAX has been consolidating for a while now and seems ready to go higher.
$BZRX/BTC 3D (Binance Spot) Big falling wedge breakoutbZx Protocol just regained 50MA support and looks great for extra bullish continuation mid-term!
More information about that DeFi / BSC token also part of Avalanche Ecosystem on bzx.network
Current Price= 0.00000709
Buy Entry= 0.00000709 - 0.00000641
Take Profit= 0.00001059 | 0.00001451 | 0.00001909
Stop Loss= 0.00000483
Risk/Reward= 1:2 | 1:4.04 | 1:6.43
Expected Profit= +56.89% | +114.96% | +182.81%
Possible Loss= -28.44%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 5 months
Avalanche retracement breakoutTrend and Fibonnaci Retracements.
Let's see
OPEN: 63.18
SL: 42.74
TP: 96.24
We expect AVAX to continue hiking for the next 24 hoursThe $83.5 level was a barrier to further downside yesterday, resulting in sluggish trading today above the support. We will almost certainly observe AVAX go past the $90 level in the coming days.
AVAX/USD is trading at $93.4 with a gain of 10.6%. The pair has been generally rising since it broke past its support but is still below the previous high of $102.7 as it finds resistance at $94.
It seems that the bearish market we saw for the past few weeks is over. AVAX is at a pivotal moment right now – it could reach up to $100 within the next couple of days if it keeps going this way.
AVAX READY TO GOExtremely strong fundamental news propelling this coin up recently, after heavily respecting fib levels on longer term chart, price formed flag and broke into double top head and shoulders type pattern we have been seeing among many cryptos recently. If we get a strong Daily close above our area of interest, we will likely be seeing a strong bull push to the 1.618 fib level
AVAXUSDT 1DHi everyone
The uptrend is likely to continue, but it is likely that the price will retreat to the daily demand area, which ranges from $ 72.06 to $ 81.23, and this move will allow cows to resume the uptrend
In that case, the price could be as high as $ 100. It is also possible that the bulls may continue to rise sharply, during which cows could reach the final target of $ 130
On the other hand, if the price can not be maintained above the level of $ 72.06, this indicates the weakness of buyers, and with the closing of the daily candle below it, the uptrend scenario will be nullified
In this case, it is likely to be reduced to the $ 60 support level
Good luck
AVAX - INV-H&S TARGET HIT! WHATS NEXT?Hey everyone. AVAX had a nice Inverse H&S followed by a retest of the neck line and bounce. That's EXACTLY what I like to see in a H&S pattern.
The question now is CAN WE GO HIGHER before a little consolidation. AVAX does look pretty strong. I pulled up a fib retracement to get some ideas of what to look for IF there is a slight pullback. There MAY NOT be one In which case I expect AVAX to HIT the $100 - $105 mark.
If it does retrace here, I THINK it would likely bounce off the .786 or .618 level ... It looks strong so a bounce off of the .786 would lead to a more immediate continuation to the upside. A .618 bounce could result in a bull flag and then continuation upwards. Any type of 4HR close below the .618 would likely lead to a slower consolidation. I think this is just the start for AVAX and It should continue to do well this bull market.
I will update this IDEA as I do the others. When I first put out an AVAX chart it was around $59 (link below) . We've gained over 50% since then! I do believe there will be much more upside to come this bull market as I REALLY LIKE the Fundamentals of this coin. It's not too late to get in... I would wait for a correction though. and we'll have a better IDEA of a potential LOW RISK entry!
If you like this IDEA please LIKE, FOLLOW, and SHARE. I appreciate it and It helps me achieve my goal of helping others by providing realistic market analysis.
Hope everyone is doing well. DON'T FORGET to TAKE PROFITS. You never actually GAIN MONEY until you take profits.
** As always, This is NOT financial advice. This is just an IDEA based off of my experience trading and studying cryptocurrencies. I always recommend doing your own research before investing or trading anything.**
Take care.
AVAX/USD - About to hit $100! Once there expect some pullback.AVAX looks very strong and a test of $100 is almost a no brainer...
Once there, the bears may come from hiding to pull down the price, but it may not be enough for AVAX as it has very strong momentum behind it. We may top somewhere in December and then we may have a more significant correction like in July.
Until then, if we pass $100, AVAX will run towards $200...
A very strong performer and the indicators are extremely bullish. Bias is bullish.
Like and follow if you liked my idea!
avaxHas managed to defeat its ascending channel midline
At the same time, it has broken its price ceiling and recently hit that pullback
The trading volume in the last three months has been excellent
If the RSI resistance (70) breaks, it can grow by another 50%
It is important to keep the midline price high
It has a good future ...
🔥 AVAX On A Run: Pennant Break Out SuccessfulA week ago I made an analysis on AVAX and the pending pennant break out, see below.
Since my last analysis, AVAX went on a massive run-up and made it's way to target 1. As initially expected, the first target offered some strong resistance, but gave in after a third attempt.
At the moment, AVAX is on its way to the $90 target. $80 is the current main support, the price might re-test it before going up again. Longer-term target added at $100.
Happy trading!
AVAX tests new all-time high at $85.77 on the hourly chartAvalanche price analysis is bullish today.
AVAX/USD found support at $80/
AVAX is ready to move higher again after testing new all time high.
The $73.5 mark was a barrier to more downside yesterday, resulting in sluggish trading this morning above the support. We will most likely observe AVAX/USD rise today, with $86 as the price level to breach.
AVAX - 40%-60% GAINS COMING AFTER DROP?Hello everyone. I've been an AVAX fan for a while now and if you're like me, you're waiting for the next BREAKOUT!
Given BTC's current position looking very likely for a SHARP DROP, I think AVAX and the rest of the market will likely follow. The question is CAN AVAX BOUNCE off the ema ribbon and IF SO, HOW HIGH?
Either way I think AVAX will be met with resistance which could result in a better LONG ENTRY/BUYING OPPORTUNITY at around the $58-$60 area.
I Personally think there's a 50/50 chance we can go a little higher before the bigger pullback to the "buying area" ($58-$60)
It is a little bit speculation but I DO feel like it has an alright chance of heading to that area for a bounce at some point!
What would INVALIDATE THIS is if AVAX pumps above the red "potential neckline" drawn on the chart and HOLDS ABOVE or SLOWLY curves back upwards above it.
***This is just my IDEA and OPINION based off of my experience doing Technical Analysis and Trading. Always do your own research before investing or trading***
Link to UPCOMING BTC SHARP DROP BELOW.
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