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AVAX Perpetual Futures ContractAVAX Perpetual Futures ContractAVAX Perpetual Futures Contract

AVAX Perpetual Futures Contract

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AVAXUSD.P trade ideas

$AVAX$AVAX is looking promising! If we use the past as our reference we see $AVAX started off breaking out of what could have been a cup and handle, then a consolidation period right back into another cup and handle and we are at the breakout point now. If the market changes direction the project will easily double from here and continue in my belief to about $300+/-. Remember investing involves doing your own research. Never invest blindly. THIS IS NOT FINANCIAL ADVICE!
BINANCE:AVAXUSDLong
by Riskitpaid
Bullish structureHi traders, AVAX is on its support level. For last few days, It has had bullish market structure even though BTC has made unstable moves. The price got rejected by MA-200 in 4-hour frame. And It made new higher high, which indicates a new uptrend. After vertical line, there is a increase in volume. It is also another hint of new trend. Finally, there is a range as you might see from the chart. Based on the Volume Profile, there is a huge volume concentrated in that range. And the price broke out this range with huge green volume columns. All of those makes me believe that this might be the beginning of new uptrend. Apart from those technical hints, Avax may get hyped because of the NFT trend in the market. AVAX is one of the similar projects to ETH and SOL. Hence, we have observed the trend of those coins. They were highly bullish. In conclusion, I am gonna take two positions. One for spot, and one for swing tradng. Stop Loss level is indicated for swing trading. I am gonna HODL it for spot until the uptrend is broken. For swing trading, I will probably sell around 59. Stay safe traders.
FTX:AVAXPERPLong
by bahadirkisbet
A possible Reverse Head and ShouldersHi traders, As you can see from the chart, the price may form a reverse head and shoulders. In that case, I specified the places where I take a position. My stop level is around 2.57%. This may change depending on your risk level. I am bullish for AVAX. It is because the volume has been increasing lately where you can observe in daily frame. Even though it does not form a reverse head and shoulders, I strongly believe that it will go up dramatically because of the NFT hype. Stay safe.
FTX:AVAXPERPLong
by bahadirkisbet