AVAX/USDT – 30M – BUY

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

An ascent upwards to the next resistance line at 6.635 is certain.

Caution: A possible trend reversal in the direction of the support level at 6.54 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 6.662868 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 6.635 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

6.635 – 6.7 – 6.69 – 6.54 – 6.52 – 6.527 —
6.615000000 – 6.601000000 —
52.019149538846 – 50.409859551152 —
– —
6.635 – 1781314200

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