AVAX/USDT – 30M – BUY

The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards

A bearish trend down to the next support level at 33.030000000 is considered certain.

Caution: A possible change in the direction of resistance at 35.750000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 33.61208 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 35.750000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bullish Engulfing’ candle chart pattern is found. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

Download AVAX/USDT Signal Image

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