AVAX/USDT – 1H – BUY

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

A bullish trend upwards to the next resistance line at 21.490000000 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 20.140000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 21.49 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 21.490000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

21.490000000 – 21.130000000 – 19.950000000 – 20.140000000 – 18.430000000 – 19.950000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji