AVAX/USDT – 30M – BUY

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

An ascending movement up to the next resistance line at 26.100000000 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 24.710000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 26.14052 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 26.100000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

26.100000000 – 26.090000000 – 26.530000000 – 24.710000000 – 24.770000000 – 24.830000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –