AVAX/USDT – 4H – BUY

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

A bullish ascent up to the next resistance line at 9.84 is likely expected.

Caution: A possible counter-trend in the direction of the support level at could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. 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 likely expected. Current target is 9.68156 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 9.84 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

9.84 – 9.45 – 9.42 – 8.18 – 8.66 – 8.43 —
9.060000000 – 8.990000000 —
48.794123753258 – 49.967232601373 —
– —
9.84 – 1772049600

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