AVAX/USDT – 30M – BUY

The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance level at 26.090000000 will persist.

Caution: A possible counter-trend in the direction of the support line at 24.770000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 25.525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 26.090000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

26.090000000 – 26.530000000 – 25.550000000 – 24.770000000 – 24.830000000 – 25.070000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –