AVAXUSD $55.00 is on the cards but then expect correction.

Avalanche (AVAXUSD) hit all of our targets during November's run (see chart below) and even broke above the 1W MA100 (green trend-line) for the first time ever:


This resembles the incredible rally of January 2021, even though it has been executed during a different time period of the global Cycle. Nonetheless, one last spike to the 1.786 Fibonacci to make a February 08 2021 type High, is expected (target = $55.00) but then most likely the market will correct back to the 1W MA50 (blue trend-line). After that, our long-term target will be 105.00 (Resistance 1).

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