AVAX in a slump here, down 32.6% in the month. Bigger picture up 93.1% in the year, just about 5% today. I see a cup handle forming, just waiting conformation from the last battle. Even though AVAX ain't looking pretty i think its has a solid foundation, strong supports from investors. Just waiting on confirmation.
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Wave (5) was truncated. Finishing wave 2 above $39 in corrective fashion.
Avalanche is a layer-1, proof-of-stake...
Caution: It's not going to the Moon, today. The move will take time but the Trend is UP. The manipulation/market dump by whales was expected. It has reached the level we have been waiting for. However, more manipulation/Volatility is expected around halving of Bitcoin. Whales/Banks/Funds work contrary to the amateur influencers. Use good money management...
AVAX completed a 3-wave pullback on the 4H timeframe.
Entering long at 45.50, a confluence of:
50% retracement of the 27-65 swing
100% Fibonacci extension (y=w, log scale)
Targets:
T1: 52.50
T2: 85-90 area
Stop-Loss: 35.20
Risk: 1%
R:R: +2
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...
The AVAX/USD pair exhibits promising signs of an upward trajectory on the 2-hour chart, marked by key technical indicators. Initially, a regular bullish divergence was spotted, a reliable harbinger of potential reversal. This divergence occurs when the price charts lower lows while the RSI (Relative Strength Index), an oscillator measuring the momentum and...
AVAX turned within our blue Target Zone ($41.83 – $50.42). Accordingly, we consider the low of the blue wave (ii) to be established. In the further course, the same-colored wave (iii) should continue well above the resistance at $65.42. Investors can open long positions in our Target Zone. Stops could be placed around 1% below the Zone. Indeed, if the price slips...
Avalanche (AVAX) - has formed a bullish wedge pattern on the 4-hour timeframe, breakout to the upside past Resistance from a downtrend since: mid March 2024.
If a rally from the break pushes further forward to: "$65", then past it.. momentum will continue and AVAX could head higher at prices of: $70 once key level Resistance has been reclaimed.
‼️DISCLAIMER...
Avalanche X Right Prices in USD:
Avalanche, Short Trade look bullish, below prices already confirmed in USD.
There will be some mid Retest before the distribution Price. Overall look bullish, likely next week even more bullish.
$52.63
$53.65
$53.97
$54.32
$54.48
$54.79
$55.16
Distribution for Accumulation stage = $55.16 follow by $55.66
AVAX broke 50.50 and appears to be correcting.
We're eyeing an entry around 45.00 (100% Fib extension).
Aware of potential BTC/ETH pullback in a double correction impacting AVAX.
Target: 51.70 (T1) & 85.00 (T2).
Stop-loss: 34.80
Risk 1%
AVAX is at a crucial level atm, $48 didn't hold Support. Be sure to watch out for this, because a break below could accelerate selling pressure and pull the pair to $42-$44 creating a new Level of Support.
Current Support Broken= $48
New Support Level= $42-$44
This short term bearish view will be invalidated in the near term if the price turns up and holds...
so good sequence, what u see ?
share with me ur opinion,
in math I TRUST
be careful there is 2 demand zone .
will be updated if we have a change of character
The previous idea on last December price 47$ of CRYPTOCAP:AVAX and I am expecting to be redistribute after the 60$ but I was wrong about it, since the surge continues, Now the CRYPTOCAP:AVAX can clear this highs of 100$. But this idea is too speculative, I am not sure either if price can go there.
But this is crypto all things works once the public buying...
We might think were super bullish, as a trader Im following my own ideology on charts not on hyping or whatever other people say about a coin. they dont even know what they are doing.
Im expecting higher price on CRYPTOCAP:AVAX @55-60$ per coin.
Not shorting unless we have confirmation, other people automatically trade without knowing it.
how come you know...
