🤑 What’s the first thing you think of when you look at the chart?
What is the first thing that catches your attention?
When you enter the trade, how confident are you in the validity of your conclusions?
Do you doubt yourself?
I have no doubt.
The first thing I look at is the candles and the chart structure, then comes the volume and price patterns.
And finally, if the trend is not clear, add some technical indicators as additional support.
What about you? What do you notice first in the chart?
I believe Avalanche is ready to grow, based on an upward channel and a 'higher lows' structure.
This small new structure represents a consolidation period before significant growth.
Time is running out.
The market is about to turn bullish and will grow at full strength.
It doesn't matter what happens 'out there', cryptocurrencies are on their way up.
The timing of entry looks excellent on this chart. The price is great.
The same chart setup we've been following for many months.
The current price range has been active since the beginning of March.
The highs in March, April, and May are all linked to the low of February 3rd.
It’s very clear that this consolidation has lasted too long.
There is no clear bearish bias.
Bullish consolidation means a bullish breakout is coming once this phase is over.
It’s the beginning of a new uptrend.
All those cryptocurrencies that moved first gave us a glimpse of what will happen here.
Did you miss those opportunities?
I have shown you some pairs that rose more than 100% in one day.
Do you know something exciting?
The chart for those cryptocurrencies was exactly the same as this chart: a decline, then recovery, then a higher low.
Very soon, Avalanche will catch up, and the rise will be very strong.
