AVAX/USDT – 1H – BUY

The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.

A bullish trend upwards to the next resistance at 24.820000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 22.760000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The 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).

24.600000000 – 24.820000000 – 23.700000000 – 22.760000000 – 23.260000000 – 24.020000000 — 59.40761755235 – 59.857114299779

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