AVAX/USDT – 4H – BUY

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

A bullish movement upwards to the next resistance at 25.330000000 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 23.030000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 25.68912 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 25.330000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

25.330000000 – 26.770000000 – 25.680000000 – 23.030000000 – 22.190000000 – 22.230000000 — 56.073948634197 – 57.062839268051

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up – –