AVAX/USDT – 30M – BUY

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

An ascending movement up to the next resistance at 11.78 is certain.

Caution: A possible change in the direction of support at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 11.90996 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 11.78 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Up’ candle pattern is found. The candles form ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

11.78 – 11.75 – 12.06 – 11.23 – 11.83 – 11.87 —
11.750000000 – 11.680000000 —
55.484491483892 – 52.455979972436 —
– —
11.78000 – 1769414400

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