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AVAXPERP

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
What is Support and Resistance?If you have ever looked at a chart or made a trade then you have most likely heard of support and resistance, but everyone has their own approach to identifying and trading it. What is it? Support is an area where there is a surplus of buyers. When price enters this area the buying pressure is stronger and price increases. Resistance is an area where there is a surplus of sellers. When price enters this area the selling pressure is stronger and price falls. How is support and resistance formed? As price moves up buying pressure will gradually decrease until the selling pressure becomes the dominant force. When this happens, the area become resistance . When the selling pressure is stronger than the buying pressure the price will start to retrace (also known as a pullback). Price will continue to retrace until buying pressure becomes the dominant force again. When this happens, the area becomes support . How to plot support and resistance You’ll often see support and resistance plotted as a single thin line on the previous low or high. It is important to remember that support and resistance are areas not exact numbers. Buy and sell orders will be scattered throughout the area, not just on the exact high or low, so we should draw our support and resistance as an area, not a single line. How to trade support and resistance Trade the bounce Buy when price bounces on support Sell when price bounces off resistance Trade the break Buy when price pushes through resistance Sell when price falls through support Important things to remember When price breaks through an area of resistance, that area has potential to turn into support. Likewise, when price breaks through an area of support, the area has potential to turn into resistance. Price will often revisit an area of support or resistance multiple times. The more times this happens, the weaker the area becomes and the more likely price is to break through. This happens because every time price visits that area the orders are absorbed, and the next time it visits the area there are fewer orders. Fewer orders make the area easier to break through. Share your thoughts in the comment section below. Happy trading!
Education
by ForgeTrades
4
AVAX.USD (Y21.P1.E1).Nice trend to get involved withHi, I have this trade on the 8 hrly time frame however when I look at the macro, it has alot of promise. Sorry to post this late but didn't have time to post lately...just a bit tired and I'm sure many are the same. OBSERVATIONS. > 12 HRLY chart, broke key level > Looking at this chart one can observe a nice flowing trend and the pullbacks on the 30 min time frame (using the 10/20 ema) is tradeable and also on the macro level on the 1 hrly, using the 50\100 EMA. THOUGHTS: Hence look for the pullback and stalk a nice setup for the cradle to jump in. All the best, S.SAri 8 HRLY Trend Macro overview, 12 HRLY chart, broke key level. Note bearish div. on the 12 hrly.
FTX:AVAXPERPLong
by ssari