AVAX/USDT – 1H – BUY

The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline up.

A continuation of the upward movement up to the next resistance at 29.400000000 will continue.

Caution: A possible trend reversal in the direction of the support level at 28.250000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 29.99 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 29.400000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

29.400000000 – 29.990000000 – 26.360000000 – 28.250000000 – 28.300000000 – 24.900000000 — 52.731541326334 – 60.383644774735

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