AVAX/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance at 30.410000000 is expected.

Caution: A possible change in the direction of the support zone at 28.220000000 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 30.60158 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 30.410000000 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which 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 chance of ‘Three White Soldiers’ heading up is 82%.

30.410000000 – 30.640000000 – 31.250000000 – 28.220000000 – 28.960000000 – 29.270000000 — 61.659535456138 – 64.534276750627

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –