AVAX/USDT – 30M – BUY

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

The bullish trend up to the next resistance level at 6.651 will persist.

Caution: A possible change in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Then a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 6.652624 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 6.651 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Up’ candle pattern is existing. The candles form ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

6.651 – 6.632 – 6.657 – 6.373 – 6.437 – 6.513 —
6.623000000 – 6.570000000 —
57.673970259351 – 54.110265362699 —
– —
6.651 – 1784313000

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