AVAX/USDT – 1H – BUY

The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards

A continuation of the bullish trend up to the next resistance line at 6.776 is likely expected.

Caution: A possible trend reversal in the direction of the support line at 6.376 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bullish Engulfing’ candle pattern is detected. The candles form ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ going up is 63%.

6.776 – 6.7 – 6.707 – 6.376 – 6.52 – 6.476 —
6.486000000 – 6.777000000 —
31.046138625583 – 61.532153697846 —
– —
6.776 – 1781384400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –