AVAX/USDT – 30M – BUY

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

An ascent upwards to the next resistance at 12.12 is expected.

Caution: A possible change in the direction of the support line at 11.83 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. 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 likelyhood of ‘Bullish Engulfing’ going up is 63%.

12.12 – 12.15 – 12.19 – 11.83 – 11.87 – 11.97 —
11.920000000 – 11.940000000 —
38.322183268338 – 45.306648717801 —
– —
12.12000 – 1769292000

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