Also there is a ‘Double bottom chart pattern’ chart pattern is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish pattern signal. The pair is likely to go up.
The pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance line at 25.680000000 will persist.
Caution: A possible change in the direction of the support level at 22.230000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three Outside Up’ candlestick chart pattern is found. The candles show ‘Three Outside Up’. 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 chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 25.760000000 |
| Next Low | 22.230000000 |
| 2nd Low | 21.440000000 |
| 3rd Low | 20.390000000 |
25.680000000 – 25.990000000 – 24.820000000 – 22.230000000 – 23.180000000 – 22.760000000 — 66.874157631818 – 69.726463737604
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – Double bottom chart pattern – –