AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 50.840000000 is certain.
Caution: A possible trend reversal in the direction of the support level at 42.030000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Latter Bottom’ candle chart pattern is discovered. The candles form ‘Latter Bottom’. 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 chance of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 52.050000000 |
| 2nd High | 50.860000000 |
| Next High | 50.840000000 |
| Current Price | 44.040000000 |
| Next Low | 42.030000000 |
| 2nd Low | 41.240000000 |
| 3rd Low | 40.890000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Latter Bottom