✴️ Avalanche Ends Its Correction | 111% Bulls Potential NextAvalanche is definitely one of the top Altcoins, it sits at #18 in size by market capitalization and so far this year is up 21%.
The potential is huge as some other Altcoins are up 50%, 100% and even 300% or more YTD.
This pattern is just like the falling wedge, it has a high level of accuracy...
When it shows up, you know what comes next.
As for price action and the indicators, we have a lower low based on the candles wick yet a higher low based on candle close.
The RSI went oversold but is back above 50. Meaning that there is plenty of potential for growth as we have a bullish RSI with prices trading near support.
Maybe this bullish wave will go through July and quickly end or reach August, that is something to be seen... Or maybe it can go beyond to September? That would be interesting.
Here we can see an easy, short-term target of $17 for 33% and $28 for 115%+ in the coming months.
Keep in mind that the charts can always change.
Market conditions can change so it is good to plan and prepare for all scenarios...
If it goes down, will I hold or sell at a loss?
If I decide to hold, for how long am I ready to hold, 3 months, 6 months or 10 months?
If it breaks up, when will I sell and by how much?
Will I sell everything or keep a portion behind in case prices continue growing?
Answering these questions beforehand can really improve your trading, your peace of mind, your results.
If there is a sudden jump or crash it wouldn't matter to you as you already have a plan... Makes sense?
It takes time and effort but it pays.
Thank you for reading.
And thank you for your amazing support, it is truly appreciated.
Namaste.
