AVAX/USDT – 30M – BUY

The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.

An ascent up to the next resistance line at 24.020000000 is considered certain.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 24.28424 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 24.020000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

24.020000000 – 24.550000000 – 25.030000000 – 23.010000000 – 22.190000000 – 22.400000000

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