AVAX/USDT – 1H – BUY

The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline upwards

An ascending movement up to the next resistance at 9.610000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the support zone at 9.33 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Then a ‘Hammer’ candle pattern is detected. The chart forms ‘Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

9.610000000 – 9.75 – 10.36 – 9.33 – 9.48 – 10.16 —
9.610000000 – 9.500000000 —
52.28659762569 – 44.782154419752 —
9.610000000 – 1773993600 —
– 1773993600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Hammer – – –