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3 reasons why Avalanche (AVAX) price can double by March 2023

Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep...
3 reasons why Avalanche (AVAX) price can double by March 2023 © Reuters.
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Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.

The AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern.

AVAX/USD daily price chart featuring falling wedge setup. Source: TradingView
Cast your vote now!
JPMorgan (NYSE:JPM)'s game plan on CPI day. Source: Bloomberg
AVAX/USD three-day price chart. Source: TradingView

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21-02-2024 05:39:28 (UTC+7)

EUR/USD

1.0810

+0.0006 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

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EUR/USD

1.0810

+0.0006 (+0.06%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

GBP/USD

1.2625

+0.0007 (+0.06%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

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USD/JPY

149.96

-0.04 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

AUD/USD

0.6550

+0.0002 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3522

+0.0003 (+0.02%)

Summary

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Moving Avg:

Buy (4)

Sell (8)

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Buy (1)

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EUR/JPY

162.12

-0.01 (-0.01%)

Summary

Buy

Moving Avg:

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Sell (4)

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Sell (2)

EUR/CHF

0.9531

-0.0001 (-0.01%)

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Gold Futures

2,035.90

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Moving Avg:

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Silver Futures

23.047

-0.428 (-1.82%)

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Buy (9)

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3.8575

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Crude Oil WTI Futures

76.78

-1.20 (-1.54%)

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82.59

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1.700

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188.03

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Moving Avg:

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Euro Stoxx 50

4,759.75

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S&P 500

4,975.51

-30.06 (-0.60%)

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Moving Avg:

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DAX

17,068.43

-23.83 (-0.14%)

Summary

Sell

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FTSE 100

7,719.21

-9.29 (-0.12%)

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Moving Avg:

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Hang Seng

16,247.51

+91.90 (+0.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

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Buy (7)

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US Small Cap 2000

2,003.65

-29.09 (-1.43%)

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Moving Avg:

Buy (12)

Sell (0)

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IBEX 35

10,038.20

+93.40 (+0.94%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

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Buy (0)

Sell (5)

BASF SE NA O.N.

46.045

+0.270 (+0.59%)

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Sell (10)

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Bayer AG NA

28.77

-0.14 (-0.47%)

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Neutral

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Allianz SE VNA O.N.

249.40

+0.75 (+0.30%)

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Sell

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Adidas AG

181.12

+1.40 (+0.78%)

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Deutsche Lufthansa AG

7.339

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Siemens AG Class N

168.72

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Deutsche Bank AG

11.954

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    EUR/USD 1.0810 ↑ Buy  
    GBP/USD 1.2625 Sell  
    USD/JPY 149.96 ↑ Sell  
    AUD/USD 0.6550 ↑ Sell  
    USD/CAD 1.3522 ↑ Sell  
    EUR/JPY 162.12 Buy  
    EUR/CHF 0.9531 ↑ Sell  
    Gold 2,035.90 ↑ Buy  
    Silver 23.047 ↑ Buy  
    Copper 3.8575 ↑ Buy  
    Crude Oil WTI 76.78 ↑ Buy  
    Brent Oil 82.59 ↑ Buy  
    Natural Gas 1.700 ↑ Buy  
    US Coffee C 188.03 ↑ Buy  
    Euro Stoxx 50 4,759.75 ↑ Sell  
    S&P 500 4,975.51 ↑ Buy  
    DAX 17,068.43 Sell  
    FTSE 100 7,719.21 ↑ Buy  
    Hang Seng 16,247.51 ↑ Buy  
    Small Cap 2000 2,003.65 ↑ Buy  
    IBEX 35 10,038.20 Sell  
    BASF 46.045 ↑ Sell  
    Bayer 28.77 Neutral  
    Allianz 249.40 Sell  
    Adidas 181.12 ↑ Buy  
    Lufthansa 7.339 ↑ Buy  
    Siemens AG 168.72 Neutral  
    Deutsche Bank AG 11.954 ↑ Sell  
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SJC Eximbank7,550/ 7,750
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