AVAX/USDT – 4H – BUYNext a ‘Double bottom chart pattern’ chart layout is discovered. The formation shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to rise.
The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 25.680000000 is expected.
Caution: A possible change in the direction of the support level at 22.230000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. 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 – –