AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 50.860000000 is certain.
Caution: A possible trend reversal in the direction of support at 48.320000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 50.97 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 50.860000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 52.050000000 |
| Next High | 50.860000000 |
| Current Price | 50.700000000 |
| Next Low | 48.320000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 41.320000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers