AVAXUSD
AVAXUSD $55.00 is on the cards but then expect correction.Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever:
This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a February 08 2021 type High, is expected (target = $55.00) but then most likely the market will correct back to the 1W MA50 (blue trend-line). After that, our long-term target will be 105.00 (Resistance 1).
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Avalanche (AVAX) posts triple-digit monthly gainAvalanche’s market cap has grown by 340% since October, and AVAX price has followed.
The latest rally has seen Avalanche’s total market value grow more from $3.25 billion when the recovery started in mid-October to the current value of $14.35 billion. This represents an increase of over $341% in just two months.
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
AVAX LOOKS BEARISHBy hitting the red lines, which are daily supply, the price has turned downwards and a bear CH has been formed and the trend line has been broken. It is expected that after a little fluctuation and the efforts of buyers, the price will move towards the specified target
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Avax confirming the log channel breakout.You can see on this log chart that Avax has confirmed a breakout above the yellow channel. On its way to the breakout target it has los broken above an inv h&s neckline. This is a very asymmetrical inverse head and shoulders pattern as we can see the right shoulder is extremely tiny and the head appears to be Siamese. All the same if this inverse head and shoulders pattern also validate the breakout target for it is around $56. *not financial advice*
AVAX IS BULLISHBefore this, we thought that we were inside a diametric because all the rules for a diametric structure were followed. But the financial market is not always a single scenario
With recent pumps our next scenario is a triangle. The range of flip and ob is the right place to buy avax to the higher targets of Makki
We specified the first TP. When the first TP is broken, AVAX can go up to the ATH
AVAXUSDT - Quick chart Idea - Possible breakout to the upsideHi to all TV people, this is a quick chart idea. By looking it looks bullish.
I would trade only after a retest of this possible breakout. First need to break through resistance.
Upside target could fail only on a breakout on downside of this triangle.
Trade is a matter of probability, but it's safer to trade reacting on a price action not trying to anticipate patterns.
This is my idea, not financial advice. Always DYOR.
ShadowPlayer.
Avax Target - Good short entryAVAX analysis - Elliott Wave Perspective
After an impulsive uptrend, Avax seems to be losing momentum and consolidating. Now that it has reached its highest points, it may be time for a wave of downward movement.
According to the Elliott Wave perspective, AVAX is currently in the final wave of an impulse wave. This means that we will soon see a correction, but there will still be one last upward move. I am personally taking a short position between $28.00 and $28.50 for the following reasons:
- 1 to 1 extension of wave 1
- 1.618 extension (expanded flat)
- Bearish divergence (RSI)
- Correlation Main count BTCUSD (Related ideas)
It is important to note that the Elliott Wave perspective is based on historical price movements and patterns, and future price action can never be predicted with absolute certainty. Markets can be volatile and unpredictable, so it is always wise to trade cautiously and manage your risks.
Remember, financial markets are inherently volatile, and investing is always a personal choice. It is crucial to conduct thorough research, carefully assess your risk tolerance, and form your own judgment before making any trading decisions.
AVAX moon waning or waxing? Elliott waveIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
WXY posted caught the pivot dece! 🧵
Here is my ideal path for the bulls IF it stays above
25.
Then 30?
Bull-channel (AVAX)❤️❤️Thanks for boosting 🚀 and supporting us!
📈we are in bull-channel so our position on buy and high channel level for next target.
📊 (Buy) : 22
🔴 Stop Loss : 21.11
🎯 Take Profit : 22.77 - 23.66 - 24.33
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AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
AVAXUSDT 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. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases.
Interested in another altcoin that's trading under it's first ATH? Check out Litecoin :
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AVAXUSDT Descending Channel Breakout!AVAXUSDT Technical Analysis Update
AVAXUSDT formed a descending channel pattern, and the price has already broken through the channel resistance with high volume. We can expect a good upward move in AVAX.
Buy zone : Below $16.90
Stop loss : $14.85
Always Keep Stop LOss
Thanks
Hexa
AVAX Elliott wave counts.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
AVAX 1H update.
In at 22.624.
Got close to my stop but kept me in.
Want to see how the next 12hrs print to see where its at.
But this is what I am looking for.
A bit of Elliottwave and SMC in there.
Gave a 2nd Algo entry as well.
Altcoin
AVAX vs ETHWe're near the lowest bound of the range of AVAX plotted against ETH. I think Avalanche will return to at least the highs of the range (and I feel very confident that we will move beyond the highs), which simply means for me that however long I am ETH I believe AVAX will do 5X better.
I think ETH could see at least a 5X of its own over the next couple of years and therefore I'd expect AVAX to put in at least a 25X from here.
AVAX's bullrun is nearFrom where I inserted "Start" the big B branch started. Our big B branch seems to be a diametric that has recently been hit by an F wave Only one G wave of this structure remains. I specified "Buy Zone". If you come back to this area, it is a shopping opportunity.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AVAX/US DOLLAR These are levels that I'll be keeping an eye on when dealing with BINANCE:AVAXUSD , and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. *OLD ARTICLE*
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Monthly:
1. P.A. broke a key low
2. Demand (untouched) below broken key low
3. Key S/R being revisited for 1st time
4. Key S/R rest within untouched demand