Avalanche Now! Current Chart & Mid-Term Targets (AVAXUSDT)

5 天前

Notice the same chart as with other major Cryptocurrency projects and trading pairs. A sideways consolidation range between June and November 2024.

A major low in August 2024.

A bullish impulse in the latter part of 2024 and a strong correction. The correction reached -40% and found support on a previous resistance line.

Support was found at the 0.5 Fib. retracement level relative to the most recent bullish wave. A reversal happened before hitting 0.618 and this is a signal of strength.

AVAXUSDT is now on its sixth green day. Here, we can see a sudden drop ending in a higher low, or straight up. Some pairs are going straight up so this becomes the more probable scenario but we still remain cautious.

If we were to consider the long-term linear weekly chart, you can easily appreciate AVAXUSDT trading at low prices compared to long-term standards. This means that this a good buy zone if we have a wide perspective, if we think big and consider the bigger picture.

On the chart, these are mid-term targets, to be hit within 1-3 months.

Remember, long-term there will be much more growth.

You can visit earlier publications for all the long-term charts. Use the search filter in my profile and type "AVAXUSDT," you will find everything there. This can be used with every single pair. Just type my username and follow. Activate email notifications.

Thank you for reading.

Namaste.