AVAX/USDT – 4H – BUYFurthermore a ‘Double bottom chart pattern’ chart layout is detected. The chart picture shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The pair is likely to go up.
The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 19.170000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 17.500000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Rising Window’ candle chart pattern is found. The chart shows ‘Rising Window’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Rising Window’ going up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 20.000000000 |
| Next High | 19.170000000 |
| Current Price | 20.860000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
19.170000000 – 18.280000000 – 20.000000000 – 17.500000000 – 17.610000000 – 17.020000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Rising Window – Double bottom chart pattern