✴️ Avalanche | Long-Term Support Will Lead To Long-Term Growth

Avalanche growth potential is huge, the 700% mapped on this chart can happen medium-term... I still have to see it to believe it though.

Let's get into chart analysis... Please allow me to share with you what I see.

Notice the gray space/line at the bottom of the chart, this marks the support level AVAXUSDT established back in mid-2021. There's additional data before it but it isn't relevant for this analysis, the main signal we will look at.

This long-term, strong support level is tested in September and October 2023.
➖ AVAXUSDT briefly moves below it just to recover.
➖ The recovery is a very strong bullish signal.

✔️ As long as AVAXUSDT trades above 9.30, we can expect massive growth.
✔️ If it moves back below, then there can be additional correction before any major bullish action.

Notice how volume rises above this level and this week is the fourth green session.

It will be interesting to see the final results... How far up it goes and the All-Time High of course.
2024 Will be a very interesting year... Imagine all the positive news that needs to develop around Cryptocurrency to support what we are seeing on these charts.

Namaste.

Comment:

AVAX is looking great in this long-term chart:

Points to consider are
➖ A healthy rising volume.
➖ The fact that AVAXUSDT moved above 0.382 Fib. extension.
➖ The week closes today, closing above this level is surely positive.
➖ Full green candle moving above EMA50. Volume also supports the move above EMA50.

All these together: The move above EMA50, trading above 0.382 Fib. extension and full green candle all lead towards very strong growth next week, if today the close is strong (above 18).

Even if the close isn't that strong growth is still expected in the coming weeks.
This is a strong confirmation of the main analysis.

This is a high probability setup.

Comment:

AVAX | It keeps on growing.
We now have, incredibly enough, 5 consecutive weeks green:

Notice the volume, it keeps on rising.
There is still plenty of room left for additional growth.

Comment:

AVAX has been doing pretty well, lots of growth.

While we have this growth, it is not over.
Additional 200% potential available within 1-2 months with much more long-term.

Allow for retraces and corrections to show up at anytime but this can always end in higher lows.

Namaste.

Comment:

We went beyond the first target and hit 290%.

Still much more left after the correction.