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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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27-03-2023 11:07:18 (UTC+7)

EUR/USD

1.0770

+0.0011 (+0.10%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.0770

+0.0011 (+0.10%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.2242

+0.0013 (+0.10%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (4)

USD/JPY

130.55

-0.14 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.6658

+0.0013 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

USD/CAD

1.3727

-0.0018 (-0.13%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (3)

EUR/JPY

140.62

0.01 (0.00%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

EUR/CHF

0.9890

-0.0007 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (1)

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Gold Futures

1,994.60

-7.10 (-0.35%)

Summary

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Moving Avg:

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Silver Futures

23.242

-0.097 (-0.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (7)

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Copper Futures

4.0842

+0.0067 (+0.16%)

Summary

↑ Sell

Moving Avg:

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Crude Oil WTI Futures

69.28

+0.02 (+0.03%)

Summary

↑ Sell

Moving Avg:

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Brent Oil Futures

74.56

-0.03 (-0.04%)

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Natural Gas Futures

2.278

-0.083 (-3.52%)

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Neutral

Moving Avg:

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US Coffee C Futures

179.42

+5.12 (+2.94%)

Summary

Neutral

Moving Avg:

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Sell (3)

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Euro Stoxx 50

4,130.62

-76.52 (-1.82%)

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↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (8)

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S&P 500

3,970.99

+22.27 (+0.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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DAX

14,957.23

-253.16 (-1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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FTSE 100

7,405.45

-94.15 (-1.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

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Hang Seng

19,833.00

-82.68 (-0.42%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

US Small Cap 2000

1,734.92

+14.63 (+0.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

IBEX 35

8,792.50

-177.50 (-1.98%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

BASF SE NA O.N.

45.915

-0.460 (-0.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

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Bayer AG NA

55.55

-0.39 (-0.70%)

Summary

Neutral

Moving Avg:

Buy (12)

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Allianz SE VNA O.N.

205.15

-1.65 (-0.80%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Adidas AG

141.12

-1.18 (-0.83%)

Summary

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Moving Avg:

Buy (11)

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Deutsche Lufthansa AG

9.367

-0.476 (-4.84%)

Summary

↑ Sell

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Siemens AG Class N

140.58

-4.60 (-3.17%)

Summary

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Deutsche Bank AG

8.540

-0.796 (-8.53%)

Summary

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    EUR/USD 1.0770 Buy  
    GBP/USD 1.2242 Buy  
    USD/JPY 130.55 ↑ Sell  
    AUD/USD 0.6658 ↑ Buy  
    USD/CAD 1.3727 Buy  
    EUR/JPY 140.62 Neutral  
    EUR/CHF 0.9890 ↑ Sell  
    Gold 1,994.60 ↑ Buy  
    Silver 23.242 ↑ Buy  
    Copper 4.0842 ↑ Sell  
    Crude Oil WTI 69.28 ↑ Sell  
    Brent Oil 74.56 ↑ Sell  
    Natural Gas 2.278 Neutral  
    US Coffee C 179.42 Neutral  
    Euro Stoxx 50 4,130.62 ↑ Buy  
    S&P 500 3,970.99 ↑ Buy  
    DAX 14,957.23 ↑ Buy  
    FTSE 100 7,405.45 ↑ Buy  
    Hang Seng 19,833.00 Sell  
    Small Cap 2000 1,734.92 ↑ Sell  
    IBEX 35 8,792.50 ↑ Buy  
    BASF 45.915 ↑ Buy  
    Bayer 55.55 Neutral  
    Allianz 205.15 ↑ Buy  
    Adidas 141.12 ↑ Buy  
    Lufthansa 9.367 ↑ Sell  
    Siemens AG 140.58 ↑ Buy  
    Deutsche Bank AG 8.540 ↑ Sell  
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# So hôm qua # Chênh TG
SJC Eximbank6,680/ 6,730
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SJC Nhatrang6,665/ 6,737
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Cập nhật 27-03-2023 11:07:20
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Ngoại tệMua vàoBán ra
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EUR24.658,6026.039,29
GBP28.021,2429.216,01
JPY174,95185,22
KRW15,6319,04
Cập nhật lúc 11:02:03 27/03/2023
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