AVAX/USDT – 1H – BUY

The combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.

The bearish trend down to the next support at 32.310000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 37.270000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 37.49 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 37.270000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

Download AVAX/USDT Signal Image

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers