Avalance AVAX has breakout from the 4 hours resistance, higher

10 Nov 2023

AVAX current price is USDT13.40 as of 10 November 2023. The price action has not only breach the 4 hours resistance line but has a successful 8.4% breakout in 4 hours charts.

The price will most likely rise up until the next resistance level of the 1 day chart at USDT25.53. There is another USDT12.13 to gain in the 3 coming months. This is about 90.5% profit in few months time. Trader should buy and hold currently until reach USDT25.53 or when there is a strong headwind appear for cryptocurrency.

Currently the strong tailwind for cryptocurrency is the Grayscale BTC ETF to be approved by SEC soon withing this year or early next year. Also, the next year April 2024 BTC halfing is also the strong tailwind.

Currently there is no strong headwind for this token or cryptocurrency in general.

13 Nov 2023

Catatan

Price for AVAX on 13 November 2023 high was USDT19.75 but currently profit taking the price is USDT17.44. Increase 47.3% in 2 to 3 days time.

Most likely the max correction will reach a weak support at USDT14.61 just another USDT3 drop. might not drop to this level since the strong tailwind of Grayscale ETF approval soon still exist. Also the continue brutal Israel and Hamas war.

The is still very high chance that the AVAX USDT price will still go up to USDT25.53 in the coming 3 months time. After this few days correction.

Good time to buy if the price fall to USDT15.00 range.

16 Nov 2023

Catatan

current price USDT23.07 near the previous post of USDT25.53 1 day resistance level chart. Price raises 33% in 3 days' time.

Bull condition currently due to Grayscale Bitcoin ETF to launch this year or next year.

Price will reach the resistance of USDT25.53 soon.

I will hold my token for now until USDT25.53 and wait for 2 to 3 weeks to see if there is a breakout from this level before deciding to sell or continue to hold.

3 Des 2023

Catatan

Price USDT22.85 on 19 November 2023. Still have not reach the USDT25.53 level of 1 day resistance. Still a bit of room for upside.

Trader should keep the token and wait for 2 to 3 weeks before deciding to sell or hold.

6 Des 2023

Catatan

AVAXUSDT reach the 1 day resistance of USDT25.53 in the intraday session currently at USDT26.01.

Trader should currently still keep the tokens for now for another 2 to 3 weeks or at least after the Fed's FOMC decision to see good news or bad news.

There could be a potential breakout in AVAXUSDT in the coming weeks and could propel the price to the next resistance level at USDT77.97 another 300%.

6 Des 2023

Catatan

To USDT77.97 if there is no strong headwind appearing in the coming months for at least next 6 months.

9 Des 2023

Trade aktif

AVAXUSDT32.66 currently at this price as of 10 December 2023. Already breakout more than 10% 2 days ago from the 1-day resistance level as suspected on December 6, 2023.

Trader now should expect some volatility in the price action but it is a uptrend volatility with quite large correction into play. But this might not happen also but most likely will happen.

Trader should keep the tokens until there is an appearance of strong headwind into play. If no strong headwind then wait until the price goes up to USDT77.97 at the 1 week and 1 month resistance level.

If reach this level then only reassess the situation then to buy more or hold or sell.

4 Jan

Trade aktif

The trade for AVAXUSDT to reach USDT77.97 is very uncertain now. Since there could be a strong headwind for the S&P 500 that will cause a drop in S&P 500 index price. This could potentially lead to a selloff for crypto like Bitcoin and AVAXUSDT since these are riskier asset class than equity. Crypto will most likely to selloff when S&P 500 is heading lower.

I sold most of my AVAX at USDT40.00 last few days ago. Since the current direction of Crypto is uncertain depending on how many companies in S&P 500 will be reporting with revenue miss in Q4 2023 this January or February. If a lot of companies misses the top line then in the next 3 month AVAX will not reach USDT77.97.

11 Feb

Trade aktif

The potential of formation of strong headwind for S&P 500 because of the effect on large company revenue weakness due to slowing down market demand from Europe, UK and China economy will most likely not going to happen. Since 50% of the S&P 500 companies has report with 80% of the companies' beating estimates.

The lowest price for AVAXUSDT was USDT27.24 on 23 Jan 2024 after the strong headwind above appear potentially not happening causing the current price for AVAXUSDT reaching USDT 40.02. The price will continue to go up since the anticipation rally of Bitcoin halving strong tailwind in April 2024 will happen.

There is a 4 hour resistance at USDT57.84 which is a weak resistance level. Due to the current strong tailwind, the price will continue to raise further regardless of the resistance at USDT57.84. Price action will breach this level of USDT 57.84.

AVAX price action is quite possible to reach USDT78.75 if there is no strong headwind appearing in the coming 2 to 3 months time.

Trader should buy at the current level when there is a correction or dip. Once the S&P 500 earning report is completed the price of AVAXUSDT will fly higher.

21 Mei

Trade aktif

Price for AVAXUSDT on Feb 11,2024 is USDT39.72 and breach the resistance that mention in the previous post of USDT57.84 and peak at USDT60.65 close on 18 March 2024.

The previous projection was right about breach the resistance of USDT57.84.

However, due to the bad CPI, PPI report in Apri and May 2024 the current price has drop to USDT40.58. The Fed's rate cut from 3 to 2 rate cut cause the price to plunge.

The latest CPI read was good so the price from bottom USDT31.58 increase to USDT40.58 today, If Nvidia reporting is good tomorrow night and S&P 500 rally again, You will most likely see a rally in AVAX price also.

5 Jun

Trade aktif

The previous projection of AVAXUSDT to rally further from USDT40.58 after a good Nvidia reporting of Q1 earning did not happen. I say sorry for the wrong projection since the current price of AVAX USDT36.39. A price drops not increase.

The price of AVAXUSDT did not follow the price action of Bitcoin, Ether and the S&P 500. Hence the projection was wrong.

If there is more good news coming into this month or next month CPI, PPI, PCE and Fed's FOMC. The AVAX price should or most likely up trend to USDT78.75 resistance level.

This is properly a good time to buy some AVAX to keep in this buy the dip.