AVAX/USDT – 30M – BUYAlso there is a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish pattern signal. The pair is likely to go up.
The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 19.260000000 will persist.
Caution: A possible trend reversal in the direction of support at 18.730000000 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Engulfing’ chart pattern is found. The candles show ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.440000000 |
| 2nd High | 19.280000000 |
| Next High | 19.260000000 |
| Current Price | 19.330000000 |
| Next Low | 18.730000000 |
| 2nd Low | 18.710000000 |
| 3rd Low | 18.680000000 |
19.260000000 – 19.280000000 – 19.100000000 – 18.730000000 – 18.770000000 – 18.710000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bullish Engulfing