Breaking out of the triangle defines mid-term targets for the Avalanche.
Breakdown of the key support level $60.00, which is the point of intersection of the triangle trendline at D-1, is a strong signal for the continuation of the current trend. The target of $50.00 per coin will be a clear confirmation of the breakout of the key crossover. The support level at $50.00 looks technically confident for considering short and medium-term purchases within the descending channel with the target at $70.00-80.00. The subsequent potential break of $50.00 support opens technical targets for a test of $40.00 and key support at $20.00.
Breakdown of the key support level $60.00, which is the point of intersection of the triangle trendline at D-1, is a strong signal for the continuation of the current trend. The target of $50.00 per coin will be a clear confirmation of the breakout of the key crossover. The support level at $50.00 looks technically confident for considering short and medium-term purchases within the descending channel with the target at $70.00-80.00. The subsequent potential break of $50.00 support opens technical targets for a test of $40.00 and key support at $20.00.