AVAX/USDT – 30M – BUY

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

A bullish movement upwards to the next resistance level at 6.773 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 6.647 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Tweezers Bottom’ chart pattern is detected. The candles form ‘Tweezers Bottom’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).

6.773 – 6.734 – 6.757 – 6.647 – 6.606 – 6.422 —
6.730000000 – 6.712000000 —
58.099175892871 – 49.934277204508 —
– —
6.773 – 1784120400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Bottom – – –