AVAX/USDT – 1H – BUY

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

An ascent upwards to the next resistance line at 6.88 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 6.613 should be noted.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Bullish Engulfing’ candlestick pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

6.88 – 6.814 – 6.727 – 6.613 – 6.561 – 6.427 —
6.891000000 – 6.895000000 —
59.075040294734 – 51.805715092499 —
– —
6.88 – 1782997200

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