AVAX/USDT – 1H – BUY

The pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance level at 25.330000000 is likely expected.

Caution: A possible trend reversal in the direction of support at is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. 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 likely expected. Current target is 25.68912 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 25.330000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

25.330000000 – 26.570000000 – 26.770000000 – 24.240000000 – 23.030000000 – 24.920000000 — 55.767408839306 – 57.916360519524

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