We've been looking at Avalanche many times but each time only with short-term targets, that is because we were considering a leveraged trade setup. When using leverage, we tend to ignore the higher targets because profits tend to climb pretty high pretty fast even with the short-term ones. But this doesn't mean that these targets won't hit or that you should ignore them. In these types of leveraged trade setup, once the great entry is achieve and the market goes bullish, it is easy to hold long-term. Once the holding is in place, you can wait for whatever target you prefer. Leveraged trading is for experienced traders and you have to develop your own plan, I only share the numbers, the timing and the charts.
Looking at AVAXUSDT, notice the blue line and inverted triangle. The current week recovered the early March drop that led to the correction bottom. The correction produced the lowest prices since November 2023.
Now that the low is in and fully confirmed, we know the market will enter a bullish phase. This means long-term growth, thus we need to map some long-term targets.
The main target that I am mapping for you is $162, this is an easy target. By easy I mean that Avalanche has potential to grow beyond it. Total profits from current price is equal to 560%.
The final target on this chart is 949% at $257. I believe this isn't likely to be the end for this pair and even higher is possible. In fact, if you move the chart upwards a little bit you will find additional targets.
While Avalanche can grow really strong, ~900% is a lot, incredible and perfect. We are happy with such big wins/moves if it happens but we are ready for more.
It will go higher.
Thanks a lot for your continued support.
Namaste.
✅Buy and Trade here on $AVAX
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