Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
$AVAX Inverse Head And Shoulder Reversal!?
We can also see the 4hr money printer formation here in the moving averages. This happens when price action has a retracement to the downside.
Notice how all of the moving averages besides the yellow 200MA is gathering quite tightly with price action?
The yellow 200MA is gapped above price action and the other MA'S and price action.
This is the money printer formation. The algorithm will normally pull price action up to fill the gap between price action and the 200MA.
Now the inverse head and shoulder pattern has a target of $13.52.
In the second picture is the 1hr timeframe. We can see that price action is currently retesting the 1hr 200MA.
The bulls will be looking to hold the 1hr 200MA as support. Then go fill the 4hr 200MA money printer.
NFA, DYOR ⚠️
#Crypto #Trading #AVAX