The Avalanche ecosystem is growing rapidly since they announced the 180m DeFi incentives program in August.
The volume following that announcement can be seen on this chart and was nothing short of incredible.
After consolidating down into the "Pump Chaser Zone", forming a bull flag
Price has broken out from the upper trendline and closed a bullish daily candle forming it's first higher high since peaking on August 25th.
There was a large unlock of vested AVAX last Saturday that increased the circulating supply by 25%. The chart suggests that most of the "sellers' in that tranche have now exited (likely panic selling during the market wide sell-off on Tuesday)
The probability of AVAX breaking out into price discovery in the near future is very high.
The current market cap is $11 Billion
Hunting for higher lows to increase exposure.
Targeting the 1.618 Fib extension around $89 for first TP. Given the volume flowing in, there is a good chance we'll see 3-digit AVAX sometime in Q4
The volume following that announcement can be seen on this chart and was nothing short of incredible.
After consolidating down into the "Pump Chaser Zone", forming a bull flag
Price has broken out from the upper trendline and closed a bullish daily candle forming it's first higher high since peaking on August 25th.
There was a large unlock of vested AVAX last Saturday that increased the circulating supply by 25%. The chart suggests that most of the "sellers' in that tranche have now exited (likely panic selling during the market wide sell-off on Tuesday)
The probability of AVAX breaking out into price discovery in the near future is very high.
The current market cap is $11 Billion
Hunting for higher lows to increase exposure.
Targeting the 1.618 Fib extension around $89 for first TP. Given the volume flowing in, there is a good chance we'll see 3-digit AVAX sometime in Q4
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.