Avalanche (AVAX) Analysis
In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
Avalanche (AVAX) technical analysis:
Trade setup: Following a breakout from Falling Wedge pattern, price reached $22 resistance where traders took profits. Price pulled back to $15 support and 200-day moving average, which could be a swing entry. Momentum turned bullish again (MACD crossover).
Trend: Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $15, (previous resistance), then $10. The nearest Resistance Zone is $22, then $30.
See more curated charts of coins with technical analyses.
Recent news and research:
Find more real-time news here.
Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%
Ava Labs Releases Core, an All-In-One Web3 Operating System for Avalanche
Avalanche Foundation Launches Multiverse, an up to $290M Incentive Program to Accelerate Growth of New Internet of Subnets
Avalanche Ecosystem Accelerator Colony Raises $18.5m to Fuel Next-Gen Apps
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Gnosis Safe Integrates with Avalanche, Expanding Security Tools for Developers and Users
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Avalanche Developers and Investors Form $200M ‘Blizzard’ Investment Fund
Avalanche Adds USDC Stablecoin in Continued DeFi Push
Cook Finance Launches First Ever DeFi Index Platform on Avalanche
Crypto Index Protocol Pollen Sets Sights On Avalanche Ecosystem
Avalanche launches fresh $220 million investment fund
Avalanche (AVAX) chain’s Zabu Finance sees a $3.2 million exploit
Cross-blockchain transfer protocol Ren goes live with Avalanche integration.
First Turing Complete FBA Network, Flare, Raises $11.3 Million.