$AVAX made a U - Shaped Pattern which is a strong bullish signal. Now, a very important resistance is at 45.67. A breakout above this could take us to new heights probably to $50.
$AVAX made a U - Shaped Pattern which is a strong bullish signal. Now, a very important resistance is at 45.67. A breakout above this could take us to new heights probably to $50.
$AVAX Tripple Top Broken! Current trading at 44.70.🙌
Bulls are back in action..
Urooj Amir
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Bullish
$AVAX made a 3 peak / triple top pattern suggesting bearish reversal. But, getting rejected from Equilibrium level & Previous Day Low as indicated by Luxalgo SMC indicator suggests potential buyer strength.
$AVAX made a 3 peak / triple top pattern suggesting bearish reversal. But, getting rejected from Equilibrium level & Previous Day Low as indicated by Luxalgo SMC indicator suggests potential buyer strength.
This morning, I drew this pattern assuming it to be the bearish flag. Interestingly The candles touched the upper trendline 2 times & broke the lower trendline which brought up the incoming validation of bearish retracement. But, price went back up from the equilibrium zone maintaining the respect of Bullishness which came from the signal of BOS & CHOC.
Now, we are riding the wave of Bullishness as far as the last higher high doesn't break. I took entry at 43.20.
$44 could serve as a crucial resistance in this scenario. I will try taking small profit at this level and make re- entry after surpassing the red zone of the trend continues.
Small amount of shorts liquidation. Price moved from clear downtrend to sideways on 15 min time frame. Still, uncertainty continues as Price did not touch 200 Day MA yet on 1H time frame.
Small amount of shorts liquidation. Price moved from clear downtrend to sideways on 15 min time frame. Still, uncertainty continues as Price did not touch 200 Day MA yet on 1H time frame.
$AVAX Seeing AVAX making lower lows, I have closed my current long position with 3% loss to manage my risk. But, still I am optimistic about AVAX & believe that I will recover it in the next pump. Will look for better position to enter again.
PS. This is my personal opinion, not a financial advice.
#AltcoinMomentum Been following & posting about AVAX on Binance Square for the past 8 days. Here's the summary.
Avalanche (AVAX) has captured the attention of crypto enthusiasts with its remarkable performance over the past 8 days. This altcoin is showing promising signs of a long-term bullish run, leaving many investors optimistic about its future.
On November 20th, AVAX’s price began to rise significantly, with clear bullish momentum visible across all time frames. The upward trajectory marked the start of a solid rally, sparking increased market interest.
By November 25th, AVAX achieved a milestone, touching $48. Following this surge, the price entered a consolidation phase, setting a strong foundation for the next wave of potential gains.
November 26th-28th: AVAX traded sideways, maintaining a bullish bias. The price ranged between a strong low of $38.5 and a weak high of $48, indicating growing positive sentiment among traders.
November 28th: Growing Volume Signals Bullish Strength As of November 28th, AVAX’s trading volume showed consistent growth. At the $50 level, the volume fluctuated between 71K and 72K, eventually climbing to 74K, highlighting sustained buying pressure. This upward trend in volume underscores growing confidence in AVAX’s potential.
Luxalgo Smart Money Concept Indicator Confirms Bullish Momentum The Luxalgo Smart Money Concept Indicator points to a crucial shift in AVAX’s market dynamics. The strong low has moved from $38.5 to the $42-$42.5 range, signaling increased buying activity and reduced selling pressure. These are clear signs of bullish momentum and enhanced investor confidence.
Currently trading around $42 - $44 with slight downtrend, the volume around $50 mark increased to 76K. $42 is a crucial support level. Breaking this could see correction till $35 - $36.