AVAX - Possible targets Long term we are bullish for avax, we do expect higher prices of minimum $60.
Having said that, this can happen in a number of ways, and we have a plan for all of them.
We currently own avax after buying at $16 and again at $23 after the breakout we collected some profits at $40 and the rest we are keeping for the next tp at $60 and lastly $100.
For now avax is holding the current level and we expect a bounce soon after some accumulation in the area shown between $35.6 and $40. We are staying long and possibly accumulating in this zone for now, there is nothing suggesting that we might break below.
If we do break below, confirm the breakdown and follow through, then we expect another 35% drawdown that would bring us back to the $22 level. If this happens most people will be bears and calling for even lower prices, we however will be accumulating even more provided that there are no macro bear signs in the total chart or btc.
So the strategy is clear, above 35/36 we are bullish and expect higher prices, below that we expect the price to fall to $22.
On the 4h a break below $40 might also give us a chance to enter with a leveraged long. This scenario would come into play if the break below $40 would be weak and stay above $35, if we then broke back above $40 and backtested it as support we would count it as a failed breakdown and a great chance to long to $60. If that does happen we will update the community and hopefully post on here.
I hope this gives you clarity. Good luck!
