AVAX/USDT – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 6.7 is expected.

Caution: A possible reversal of the trend in the direction of support at 6.52 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Rising 3 Methods’ candle chart pattern is detected. The candles show ‘Rising 3 Methods’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Rising 3 Methods’ going up is 74% (Bull Market) & 79% (Bear Market).

6.7 – 6.707 – 6.664 – 6.52 – 6.476 – 6.301 —
6.625000000 – 6.671000000 —
51.016114643944 – 56.621515275365 —
– —
6.7 – 1781276400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Rising 3 Methods – – –