AVAX/USDT – 30M – BUY

The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 6.88 will continue.

Caution: A possible counter-trend in the direction of the support level at 6.717 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair is likely to rise.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.

6.88 – 6.88 – 6.814 – 6.717 – 6.613 – 6.561 —
6.870000000 – 6.872000000 —
59.756141222017 – 52.142661934542 —
– —
6.88 – 1783049400

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