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 level at 31.250000000 is certain.

Caution: A possible counter-trend in the direction of the support level at 29.270000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 31.25 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 31.250000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

31.250000000 – 29.400000000 – 29.990000000 – 29.270000000 – 28.250000000 – 28.300000000 — 56.840565944396 – 63.954534384848

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –