Avalanche Update: Easy 510% Profits TargetThis is a perfect chart setup. Price dynamics are revealing a strong potential for the development of a major bullish wave; let me explain.
There was a low around 10-March, followed by a small bounce. This small bounce I take as an early reversal signal but being early caution is advised. Then we have another support in the critical zone.
The initial bounce produced a lower low but there was strong buying right at the "critical level," this signal is strong. The low session ended as a Doji and is immediately confirmed by two days of green. Volume is high on the buy. Prices are now up.
Touch and go. There was a drop below support but the action recovered right away. A failed signal for the bears, a bullish reversal is in place.
Seeing marketwide action, Bitcoin and everything we already know, Avalanche is preparing for a nice up-thrust. This can be big, many times bigger than anything we've seen in several years. We are going up.
An easy target is mapped on the chart, it goes beyond 300%. 500%+ can be achieved within months. So much more by the time this year ends. It will be great.
Thank you for reading and for your continued support.
Early is best. Keep it simple.
Namaste.
