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AVAX Perpetual Futures Contract

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AVAXUSD.P trade ideas

Avalanche: The Very Hungry Caterpillar 🐛You know the children’s book The Very Hungry Caterpillar by Eric Carle? Just like the story’s protagonist, Avalanche is crawling around with wriggly movements and is repeatedly gnawing at the turquoise zone between $25.29 and $39.63. If the altcoin wants to further our primary scenario, though, it should pupate soon and emerge as a beautiful butterfly, flapping away above the resistance at $103.64. However, there is also a chance that Avalanche could lose its footing and drop below the resistance at $9.25, which would then elicit a strong downwards spiral.
BINANCE:AVAXUSD
by MarketIntel
AVAX TREND UNDER THREAT?AVAX 1D: Bearish flag brewing as illustrated between the white regression lines. Also note the declining volume against rising price as shown along the bottom of the chart. Strong price architecture is built on a solid volume foundation. That foundation looks to be waning. A downside breach of the 24.17 level, which is (-2 ) standard deviations off the linear mean, would potentially put the recent upward trend under threat. The RSI has touched the overbought level at the top end of its range on the 1 day time frame and begun trending downward. Trips over 70 on larger timeframes such as the 1 day chart are significant indications of a rally potentially coming to its end. Stay nimble out there.
BINANCE:AVAXUSD
by Firewalker_Charts
AVAXUSD breakout, could this be the start of a new move higher?Hi, welcome to Monday's update. Today's focus is on AVAXUSD after last weekend's solid two days of buying that broke above resistance Are we seeing a new higher extension on AVAXUSD? That is the question we're asking in today's video update. Weekend trade has set up the first sign with a break above 25.30 resistance. What we would like to see now is for the move to continue higher and test the next resistance levels seen at 27.50, 31 and 36. In a perfect world, we would see price continue to push higher a bit more before we see a new pullback. We are looking for the pullback to find support at the previous breakout point and turn the previous resistance level into new support. A new HL created around the previous level of resistance followed up by a new HH would be a good sign and could signal a buy into the new move. From that point, we would like to see buyers break 31 and 36 resistance to signal that a new short-medium-term trend higher is underway. A new lower move closing below 25 would be a worry and could tell us that buyer momentum might not be as strong as thought. Good trading, and enjoy the rest of your Monday.
EIGHTCAP:AVAXUSDLong
by Eightcap
2
AVAX, a head and shoulders pattern.The following content is machine translation: In the 4-hour chart, it is currently near the resistance level of 26. The previous several tests failed to break through, and the head-and-shoulders bottom pattern of the rebounding pattern was retraced. Indicator macd bullish trend, RSI indicator is running above neutral 50. Summary: The head-and-shoulders bottom pattern and bullish indicators will break the resistance with a high probability and further rise around 30.
BINANCE:AVAXUSDLong
by LochubT