Next a ‘Double bottom chart pattern’ chart pattern is existing. The formation shows ‘Double bottom chart pattern’. which is a bullish pattern signal. The pair is likely to go up.
The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 24.350000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
Next a ‘Tweezers Bottom’ candle chart pattern is discovered. The chart forms ‘Tweezers Bottom’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 24.560000000 |
| Next High | 24.350000000 |
| Current Price | 24.450000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
24.350000000 – 23.970000000 – 23.670000000 – 23.860000000 – 23.160000000 – 23.110000000 — 55.285656764878 – 61.319869186942
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Bottom – Double bottom chart pattern – –