Avalanche starts on Coinbase Pro

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Veröffentlicht am 30.09.2021

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Coinbase Pro from Coinbase Global (Nasdaq :) lists Avax. The central theses Coinbase Pro is preparing to make the Avax token from Avalanche available for trade. Avax still has to react to the news. The asset still consolidates within a narrow bandwidth. A decisive 4-hour candletting closure outside the range of $ 69 to $ 62 should determine where Avax leads next. The native token of Avalanche will soon be accessible to a wider audience thanks to a Coinbase Pro list. Coinbase Pro for listing AVAX in a blog entry, the leading cryptocurrency exchange announced that it activated incoming Avax transfers. The …

Coinbase Pro from Coinbase Global (Nasdaq :) lists Avax on.

The central theses

Coinbase Pro is preparing to make the Avax token of Avalanche available for trade.
Avax still has to react to the news. The asset still consolidates within a narrow bandwidth.
A decisive 4-hour candlestick closure outside the range of $ 69 to $ 62 should determine where Avax leads next.

The native token of Avalanche will soon be accessible to a wider audience thanks to a coinbase pro list.

Coinbase Pro for listing AVAX

in a blog entry announced that it has activated incoming Avax transfers. The company confirmed that it would list the native tokens of Avalanche on September 30th if "the liquidity conditions are met".

The order books AVAX-USD, AVAX-ISDD and AVAX-EUR are introduced in three phases: Post-Only, Limit-Only and Full Trading. The stock exchange emphasized that it reserves the right to suspend trade if the new order books do not correspond to their "assessment for a healthy and orderly market" at some point.

Despite the importance of the message, AVAX does not yet benefit from the so-called " Coinbase effect " in which the token prices Avax consolidates on the listed stock exchange.

avalanche approaches outbreak

The price movement of AVAX Last week seems to have led to the formation of a symmetrical triangle on the 4-hour chart. Together with the swing highs, a descending trend line can be drawn, while together with the swing depths, an increasing trend line has developed.

Since the native token from Avalanche approaches the apex of the triangle, this indicates that an increase in volatility is imminent. The measurement of the height of the y-axis of the technical pattern adds to the breakout point forecast a price movement of 31.7% in both directions.

In view of the ambiguity of Avax, it is crucial for traders to wait for a decisive 4-hour candlestick closure outside the range of $ 69 to $ 62 before they enter into a position.

If the asset overcomes the overhead resistance, it could rise to a new all-time high of $ 93. However, a loss of the level of support of $ 62 could lead to a correction towards $ 41.

Liability exclusion: fusion media she would like to remind you that the data contained on this website is not necessarily in real time or correct. All CFDs (stocks, indices, futures) and forex prices are not provided by stock exchanges, but by market makers. Therefore, the prices may not be precise and can deviate from the actual market price, which means that prices are indicative and are not suitable for trade purposes. Therefore, Fusion Media assumes no responsibility for trade losses that could result from the use of this data.

fusion media or someone who is involved in Fusion Media assumes no liability for losses or damage resulting from the trust in the information contained on this website including data, courses, diagrams and purchase/sales signals. Please inform yourself comprehensively about the risks and costs associated with trading on the financial markets, since it is one of the most risky forms of investment.

Avalanche starts on Coinbase Pro

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