AVAX/USDT – 4H – BUY

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

A continuation of the bullish trend up to the next resistance at 9.68 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 9.16 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 9.6783 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 9.68 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

9.68 – 10.01 – 9.71 – 9.16 – 8.96 – 8.92 —
9.370000000 – 9.540000000 —
47.358120571775 – 40.164678494007 —
– —
9.68 – 1776830400

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