AVAX/USDT – 1H – BUY

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

A continuation of the uptrend up to the next resistance line at 9.61 will persist.

Caution: A possible counter-trend in the direction of the support level at 9.33 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘Bullish Engulfing’ candle chart pattern is discovered. The candles form ‘Bullish Engulfing’. this 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 success rate of a ‘Bullish Engulfing’ going up is 63%.

9.61 – 9.75 – 10.36 – 9.33 – 9.48 – 10.16 —
9.550000000 – 9.540000000 —
43.047824066682 – 50.812585606576 —
– —
9.61 – 1773993600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –