The price of Avalanche cryptocurrency has been increasing, since October 2023 and it has seen a significant rise from $9.0 to $65.0 by March 18th, 2024. Avalanche has had a very positive six-month and three-month period, with gains of 316.03% and 4.58% respectively. However, in the last week and month, there has been a decline in the price by -15.84% and -30.41%...
The Avalanche price made a breakdown below the 20 day EMA suggesting weakness.
The AVAX crypto was trading close to $47.39 reporting a positive intraday development of 4.59%.
The Avalanche price jumped nearly 4.59% in Intraday and is recovering losses on Saturday. The bulls are attempting to regain control over the trend and reclaim their dominance above the 50...
The Avalanche price shows that the price rose from $10 and hit the previous supply at the $50 price mark by last week December 2024. The price thereafter lipped some points and formed a new support of $27 by the last week of January in the new year 2024.
However, the crypto showed a fabulous resurgence on this level, which took the price all the way up to $65 by...
💎Support Zone: AVAX has reached a significant support zone, where buying pressure has historically been strong. This zone provides a foundation for potential price recovery.
💎Positive Market Sentiment: The overall market sentiment towards AVAX is positive, with growing interest and demand from investors. This positive sentiment can contribute to a potential...
There is good Opportunity for longing of AVAX in the area of 50 % and 60% Fib retracement level.
The reasons for this trade:
1- Clear break out of Resistance level with with good volume.
2- The has become above the 200MA of 4 hrs.
3- The Feb levels is making confluence with retest of resistance level.
Entry points are: $14.5 and $14
Stop loss: $13.5
Target : $20
Are these a cup and handle formation??
Avax is showing a formation of the inverted cup and handle formation in a daily time frame.
looking for a short opportunity.
REASON
1)DOWNTREND
2)GOOD SUPPLY AND DEMAND
DOWN
1) in a DOWN trend
2) In Breakout
3) High Volatile#AVAX/USDT
Signal Type: Short
Leverage: Cross 20x
Entry Targets: 29.95 30.20
Take-Profit Targets:
1) 29.870
2) 29.780
3) 29.650
4) 29.500
5) 29.250
6) 29.000
7) 28.700
8) 28.200
Stop-Loss: 30.5
TRADE WITH YOUR OWN RISK
as we can see sasccording to price action . the seller takes place rn for correction . which is must according to ellotie wave theory . so we can seethe berrish here if not its sl is very lessso its a good trade according to my analysis i hope you mist get idea i had evplained it as a small digram over chagood money guys and remember every loss is a good loss for...
Currently it's trading in narrow range and rejecting at 110 multiple times...When it's sustain above 112.4 on hourly basis, we can expect 119.4 SL 101.4
![AVAXUSD: [AVAX] in a strong Demand zone..👀 Bullish move incoming?..](https://s3.tradingview.com/b/bgZVHJ40_mid.png "[AVAX] in a strong Demand zone..👀 Bullish move incoming?..")
