AVAX/USDT – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart pattern is detected. The chart picture forms ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.
The currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 21.220000000 will continue.
Caution: A possible change in the direction of the support level at 20.720000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Separating Lines’ candlestick pattern is found. The candles form ‘Bullish Separating Lines’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Separating Lines’ heading up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 21.220000000 |
| Current Price | 21.290000000 |
| Next Low | 20.720000000 |
| 2nd Low | 17.690000000 |
| 3rd Low | 17.500000000 |
21.220000000 – 18.590000000 – 18.880000000 – 20.720000000 – 17.690000000 – 17.500000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bullish Separating Lines – Double bottom chart pattern