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AVAX Perpetual Futures Contract

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AVAXUSD.P trade ideas

Avalanche/US DollarThese are levels that I'll be keeping an eye on when dealing with AVAXUSD, and I'll revise as price action progresses. I adapt to the change in money flow. Fundamentals: Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments. The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. ..... Seeing that price hit a significant low, potential profit margin resting above current price along with a bearish impulsive followed by a descending channel. I would wait for a break of the $20 & $30 price points and retracement for bullish precursors. We shall see...
FX:AVAXUSD
by ChrisJTradesFX
5
Bull Case Scenario for AVAXAVAX is poised for significant price appreciation in the near future, making it a smart investment opportunity for those looking to tap into the growth potential of the blockchain industry. The platform's unique features, such as its scalable and secure architecture, its ability to handle high volumes of transactions, and its flexible and decentralized governance model, set it apart from other blockchain platforms and position it for growth. Additionally, the growing demand for decentralized finance (DeFi) applications and the increasing popularity of non-fungible tokens (NFTs) are driving interest in the blockchain sector, and AVAX is well-positioned to capture this demand. With a highly engaged and growing community, and a strong commitment to developing cutting-edge technology, AVAX is poised for continued growth and price appreciation in the years to come.
BINANCE:AVAXUSDLong
by Derrick_Washington
Avax potentially breaking up from a falling wedgeIf price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments. “Looking forward, web3 and blockchain is inevitable,” Howard Wright, VP and global head of startups at AWS, said. “No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.” The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers. AWS will support Avalanche’s infrastructure and decentralized application (dApp) ecosystem, alongside one-click node deployments, through its marketplace. The affiliation will also include Ava Labs joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform. All this should lead to sustaining bullish momentum for avalanche. *not financial advice*
BINANCE:AVAXUSDLong
by DrDovetail
2
AVAX/USD - Bear Time PumpIf the price retraces the recent FTX dump and closes above $14 (June lows), then I can see it squeeze up to the area highlighted in red in the chart ($30 - $36), and even higher ($55 - $60). I plan on buying at where the red arrow points. Keep in mind that if the price starts closing back below $14 after closing above it, then this prediction is invalidated. What I mean is that my prediction holds only if the coin finds support above $14. This doesn't just go for AVAX. The chart looks the same for a lot of other altcoins, and even for BTC, too. The idea remains the same: if they close a daily candle (or weekly, preferably) above the point at which the market began dumping on news from FTX, then they're likely to pump hard. See my recent XTZ chart which shows the same sort of setup.
BINANCE:AVAXUSDLong
by fritzz
7