AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 25.660000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 23.570000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.660000000 |
| Current Price | 25.420000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
25.660000000 – 25.990000000 – 25.440000000 – 23.570000000 – 23.460000000 – 23.180000000 — 67.295508753839 – 73.062469360799
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –