AVAX/USDT – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 25.030000000 is expected.

Caution: A possible change in the direction of the support zone at 23.010000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 25.03 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 25.030000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

25.030000000 – 23.240000000 – 22.580000000 – 23.010000000 – 22.190000000 – 20.390000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Outside Up –