AVAX/USDT – 30M – BUY

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

A bullish ascent up to the next resistance line at 6.834 is considered certain.

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

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

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 6.834 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 6.834 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ candle chart pattern is found. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

6.834 – 6.79 – 6.813 – 6.668 – 6.428 – 6.348 —
6.778000000 – 6.728000000 —
51.453144708517 – 39.140635251274 —
– —
6.834 – 1783661400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – Symmetrical Triangle Chart Pattern – –