AVAX/USDT – 1H – BUY

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

An ascent up to the next resistance line at 6.64 is expected.

Caution: A possible change in the direction of the support zone at 5.963 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 6.480228 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 6.64 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

6.64 – 6.544 – 6.472 – 5.963 – 5.998 – 6.013 —
6.335000000 – 6.287000000 —
51.589727032348 – 49.10168527119 —
– —
6.64 – 1782363600

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –