AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support line at 38.800000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 44.190000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Above the Stomach’ candlestick chart pattern is existing. The candles show ‘Above the Stomach’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 45.050000000 |
| 2nd High | 44.570000000 |
| Next High | 44.190000000 |
| Current Price | 38.870000000 |
| Next Low | 38.800000000 |
| 2nd Low | 34.950000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Above the Stomach