After a month of trading below the diagonal purple resistance line, AVAX has finally broken out. The break out was accompanied with high volume, further reinforcing the bullish narrative.
My expectation is that there's going to be some kind of altseason in the coming weeks, boosted by Ethereum's ETF optimism.
For now, the signal on chart is my bet.
What is your gift? To be in the right place at the right time? This is your gift, just take it.
Bitcoin, us500, eurusd etc, all pumping.
The only logic is the rise.
MD
#AVAX CRYPTOCAP:AVAX has created a perfect masterpiece for us. Looking at the chart, a clear triple bottom formation is visible. I expect the scenario to unfold as shown in the chart.
Avalanche is another great project in crypto market which seems to have a bright future. Clearly, a harmonic pattern formed, finished, and the downtrend line broke too. Also, there is a horizontal support/resistance area on which price have bounced several times and will probably react on it again. Now, only time will tell how far up this project can go. Let's see...
Hey traders, get ready for the showdown of the century with AVAX!
In today's thrilling episode, AVAX is gearing up for an epic battle near the critical $33.755 support level. But hold onto your seats, because this isn't your average crypto saga!
As the tension mounts, AVAX faces off against formidable bearish threats, with $43.205 serving as the ultimate prize...
📊Analysis by AhmadArz:
🔍Entry: 33.37
🛑Stop Loss: 32.37
🎯Take Profit: 34.47 - 35.49 - 36.59 - 37.75 -38.89
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
AVAX is lingering around the key daily support zone around $33.76.
Avalanche has to reverse bullish and move towards $43.21.
A break-out of $43.21 will make AVAX bullish in the daily chart and we will see a move to $54.35.
Below $33.76, bears will push price towards $28.67 and, possibly, lower to $22.62.
Avax looking good!
Break of daily trend and a retest of the break could be a nice entry.
We also have support (and could see bounce) from 20 and 200 Moving average.
Avax is in a good position to starting a new wave.
With some help from BTC, this could be a killer entry.
Non financial advice - but for me, DCA or trade are both good options.
📊Analysis by AhmadArz:
🔍Entry: 38.86
🛑Stop Loss: 42.68
🎯Take Profit: 36 -32.91 -30.35
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
The cryptocurrency space is a whirlwind of predictions, with influencers and analysts vying for attention with bold claims about the future of various digital assets. One such case is Crypto Archie, a popular Twitter personality who recently made a bullish prediction for Avalanche (AVAX), a gaming-centric cryptocurrency. With AVAX experiencing a significant rise...
📈 Comprehensive Analysis of AVAX: Daily Market Insights 📈
☀️In today's analysis, we embark on a journey into the intricacies of Avalanche (AVAX) trading, exploring potential avenues for profit amid evolving market conditions. As we delve deeper into the dynamics of AVAX, we uncover compelling insights that could shape your trading decisions.
🔍Zooming into the...
The trading volume of #AVAXUSDT has firmly established itself in the top 10.
So is Avalanche token being actively sold or bought now?
We will have all the answers soon, but for now, here are two scenarios for the CRYPTOCAP:AVAX price movement:
🔴 red - $35 - $45 - ($18.7-23.7)
🔵 blue - $32 - $55 - $43 - $110
So which pill 💊 will you choose 🔴🤷🔵 ?
...
📉Hi Traders, Investors and Speculators of Charts📈
AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade.
Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common.
I've been bullish on AVAX for...
Avalanche (AVAX/USD) If in doubt, zoom out! Despite the recent crash on most coins, some have experienced a larger fall. However, AVAX is still forming: "Higher High's & Higher Low's" on the trend line pattern from the chart. Is this recent dump before the BTC halving a shakeout so that whales can accumulate even more??
AVAX held support from the recent crash...
