AVAX/USDT – 1H – BUY

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance at 25.110000000 will persist.

Caution: A possible trend reversal in the direction of support at 23.860000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 25.04604 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 25.110000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

25.110000000 – 25.780000000 – 24.280000000 – 23.860000000 – 23.510000000 – 22.670000000 — 47.688045551833 – 49.412359890665

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