AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 27.380000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 25.750000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Outside Up’ candle chart pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 27.210000000 |
| Next Low | 25.750000000 |
| 2nd Low | 25.610000000 |
| 3rd Low | 24.900000000 |
26.360000000 – 25.800000000 – 24.690000000 – 25.750000000 – 25.610000000 – 24.900000000 — 63.215571361204 – 69.286926640261
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –