Avalanche Coils For Impact: This Indicator Signals A Massive Move Ahead
Avalanche (AVAX) is coiling for a massive move. A potent Wolfe Wave pattern is forming alongside a test of a key weekly trendline. This structural confluence signals that the market is reaching a point of maximum compression, indicating that a significant directional breakout is imminent. Wolfe Wave Formation Signals Strong Future Move According to a recent technical analysis by BeLaunch, AVAX is shaping a notable Wolfe Wave pattern, a formation known for sparking strong directional moves once completed. This developing structure reflects tightening price action and growing pressure within....
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Avalanche (AVAX) has recently shown a strong correctional upswing, sparking renewed interest among investors and traders. This upward momentum comes after a rejection at $23.49 and indicates a potential challenge to the $30.34 resistance level. As AVAX approaches this critical threshold, market participants are closely watching to see if the cryptocurrency can maintain its bullish trajectory and break through the resistance. The $30.34 level is now a focal point, determining whether Avalanche can sustain its rally and continue to climb higher. This article focuses on the use of technical....
A "massive bullish move" could be the result of this week's momentum indicator move, in line with behavior from throughout 2021. Bitcoin (BTC) could see a “massive bullish move” if a classic trigger from the 2021 bull run repeats this week.In a tweet on Dec. 16, on-chain analyst Matthew Hyland, known by the Twitter handle Parabolic Matt, drew attention to Bitcoin’s momentum indicator.Momentum indicator hints at potential "massive bullish move"While still under $50,000, Bitcoin has already broken out of a long-term downtrend on the momentum indicator, which measures closing prices against....
Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move. Related Reading: Bitcoin Indicator Signals ‘Shift To Bullish Territory’ – Can BTC Break Past $65,000? Many market participants are optimistic, projecting that a break above this resistance could....
Technical expert Tony Severino has warned that the Bitcoin and altcoins Fischer Transform indicator has flipped bearish for the first time since 2021. The analyst also revealed the implications of this development and how exactly it could impact these crypto assets. Bitcoin And Altcoins Fischer Transform Indicator Turns Bearish In an X post, Severino revealed that the total crypto market cap 12-week Fisher Transform has flipped bearish for the first time since December 2021. Before then, the indicator had flipped bearish in January 2018. In 2021 and 2018, the total crypto market cap....
Digital asset treasury firm Avalanche Treasury Co., a part of the Avalanche (AVAX) ecosystem with a special relationship with the Avalanche Foundation, today announced a partnership with the Mountain Lake Acquisition Corp. Avalanche Treasury Firm To Buy $1 Billion Worth Of AVAX According to an official announcement made earlier today, Avalanche Treasury Corp. is set […]