Avalanche: How To Approach The Altcoins Market Now!
2024-10-31

I am seeing some interesting developments across the market. It is getting closer by the minute; the end of the correction, the start of the next bull-market.

As soon as the bottom hits, this can be considered ultra-bullish. Many pairs are good now and some are even growing because the market is really big. So it is usual to see some projects move ahead of the pack. This is the exception and not the norm.

The biggest projects look kind of shaky even while trading low, something like Avalanche.

AVAXUSDT already went through a strong correction. But if you look at the current price line and where it stands in relation to the past, it is the same level from December 2023, prices were rising in those days and there is no support here.

The next logical level is between 18 and 20. This is the level at which AVAXUSDT traded in November 2023 and there is indeed some support and it is also the 5-August 2024 bottom low. This level can be easily tested on a drop.

Now, will it break or will it recover from this level?

I am speculating in many cases that it will break, because of the chart signals but, this doesn't have necessarily to happen. Many pairs can produce higher lows rather than lower lows, that is, they can find support at the August low and recover from there. It really depends on how strong the bears are.

Others will definitely move to produce lower lows —break the most recent low— and test the September/October 2023 consolidation support range; many pairs, the smaller ones, are already at this point.

Only a small variation is present, either a lower or higher low but no doubt as to what happens next, maximum growth.

In 2025 we go green, we grow and grow strong. No doubt about that. 100% clear, sure, certain.

There is no need to catch the true top on a bullish wave;
There is no need to catch the perfect bottom on a bearish wave.

Near top and near the bottom is more than enough.
The top/bottom tend to be active for just a few hours usually and then the market turns.

So plan now and prepare now just thinking of two months into the future, the market will be green.

If you ignore the short-term and the price swings, you are sure to win.

No margin, no leverage, no risk.

Namaste.