After 95% Crash, Avalanche Forms High-Timeframe Reversal Structure
After enduring a brutal 95%+ drawdown from its 2021 peak, Avalanche is now showing early signs of a potential high-timeframe reversal. With price stabilizing at macro support and forming an emerging Elliott Wave structure on the weekly chart, the current phase could mark a critical turning point in the broader cycle. Weekly Elliott Wave Structure Signals Macro Inflection AVAX is currently forming an Elliott Wave structure on the weekly chart, trading within a massive descending channel that has remained intact since the 2021 all-time high. The broader structure suggests the asset is still....
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As the crypto market prepares to close the year, the Ethereum price is showing strength against Bitcoin (BTC) as it aims for a mid-high timeframe reversal. A breakout above a critical resistance level could signal a potential shift in price action, paving the way for Ethereum’s dominance and potential rally in Q1 2025. Ethereum Price Poised For Breakout Against Bitcoin A crypto analyst, known as ‘Daan Crypto Trades,’ shared a price chart representing the ETH/BTC trading pair, providing a detailed analysis of the probability of a reversal and its impact on the strength of the altcoin....
AVAX price ranges below 50 and 200 EMA on the daily timeframe. Price continues to maintain a downtrend as it aims to break out to the $20 range. AVAX price closes attempting to break out of its downtrend on low timeframe. Avalanche (AVAX) price has failed to sustain its head high above the blood bath of the bear market against tether (USDT). With what proved to be a major run for the price of Avalanche (AVAX) from a low of $10 to a high of $145, many predicted the AVAX project causing a major upset for many crypto projects. The statistics from the coupled Consumer Price Index (CPI) and....
XRP’s price action has revisited and retested a resistance level that it already broke out from on the monthly candlestick timeframe chart. According to a technical analysis shared on the social media platform X by crypto analyst Javon Marks, this retest is part of a broader continuation structure, much like something it has done before. Despite the current bearish price action, the technical analysis is pointing to a rebound to significantly higher price targets, with the measured move projecting a run to as high as $15. XRP Pulls Back To Test Broken Resistance XRP’s price action....
A recent rundown in the FLOW market has activated a bearish technical pattern, risking huge declines in the sessions ahead. FLOW prices slipped on Thursday as traders unwind their bullish bets from the lately bullish digital assets.The FLOW/USDT exchange rate lost up to 15.22% New York morning, a sharp reversal from Wednesday when the pair closed at a one-month high of $16.99 following a 43.87% rally. However, it continued its upside momentum in the early Asia-Pacific session, hitting $18.44 before correcting lower.Thursday's selloff in the FLOW market was broad-based and came in sync with....
Ethereum is attempting to stabilize after its recent pullback, but the recovery so far lacks convincing strength. With price rejecting key levels and higher-timeframe risks still looming, ETH finds itself at a critical decision point where the next structural move could define the short-term trend. No 5-Wave Breakout, No Confirmation For Ethereum Yet Ethereum continues to trade in a technically vulnerable zone. According to More Crypto Online, until the market prints a clear five-wave impulsive structure to the upside, or at a minimum breaks decisively above the weekend high, the....