AVAX/USDT – 1H – BUY

The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance level at 24.440000000 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 22.530000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 24.53 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 24.440000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

24.440000000 – 26.100000000 – 26.090000000 – 22.530000000 – 24.710000000 – 24.520000000 — 48.766980907935 – 50.605803545937

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