AVAX/USDT – 30M – BUY

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

A bullish ascent up to the next resistance at 9.25 is certain.

Caution: A possible counter-trend in the direction of the support level at 8.97 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Target of the current trend is 9.12 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 9.25 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

9.13 – 9.25 – 9.14 – 8.97 – 9.06 – 9.06 —
9.150000000 – 9.070000000 —
56.092068398244 – 45.010998477933 —
– —
9.13 – 1777809600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –