AVAX/USDT – 1H – BUY

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

A bullish movement upwards to the next resistance level at 9.5 is certain.

Caution: A possible reversal of the trend in the direction of support at 9.28 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 9.55728 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 9.5 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘Three Outside Up’. 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

9.5 – 9.48 – 9.45 – 9.28 – 9.16 – 9.21 —
9.440000000 – 9.450000000 —
58.904456088809 – 51.926317963639 —
– —
9.5 – 1777096800

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