AvaLabs is setting up for a massive run ! Magnificent chart on the daily !
On the way of forming a cup & handle following an cycle of 45 days ish For quick profit I would set my target between 44 and 47.
Once a small resistance will establish at fib .786, we would be set for a splash, up to the previous ATH 60$
In my opinion with an Avalanche being in important actor in the DeFi ecosystem and some upcoming good news for Q2, I would see AVAX value rise up to at least 90$ before mid-may
As I mainly DCA in project with such high value potential, I am waiting for the price to meet me at fib 0.5 (approx 32-34$)
Would send a strong message to the bears if we could close on the 0.618 line !
Dont think we would ever see the solid support of 22$ unless big crash happens.
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