Avalanche Course Prediction – Top Found! Is the crash coming?

In our last Avalanche Price Prediction , we wrote that the price is in an ascending triangle. These types of triangles break out bullish in most cases, which is why we assumed a bullish breakout as well. The course then broke out bullishly. The first target was around $79 and the final target was +/- $90. Both goals were achieved. But what could happen next? Is there a fix next? We'll enlighten you!

Avalanche price has broken out of the ascending triangle and meanwhile has reached the target of the triangle. During the ascent, the price also broke a former trend line that was serving as resistance. We could use this as support in the future. Furthermore, this could be an indicator that the Avalanche price is in a new uptrend.

The Avalanche price has formed a double top formation for the past few days. The price has bounced around $95 twice in a row. In addition, the course formed a doji in yesterday's weekly candle. This candlestick pattern also means that prices will fall in the near future. If you want to know what a candlestick pattern called doji is then click here. As we expect Avalanche price to correct in the near future, we anticipate the price to drop to the $79 support. Thus, the price would confirm the break of the former resistance.

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