AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 13.44 is certain.
Caution: A possible change in the direction of the support level at 13.03 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.
Then a ‘Tweezers Bottom’ candlestick pattern is discovered. The candles form ‘Tweezers Bottom’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 13.44 |
| Current Price | 13.410000000 |
| Next Low | 13.03 |
| 2nd Low | 12.57 |
| 3rd Low | 8.52 |
13.44 – 14.93 – 15.85 – 13.03 – 12.57 – 13.5 — 47.354039526772 – 57.979836187886 — 51.669634665281 – 63.452403572107 – 52.812218278931 – 59.673962910003
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Bottom – Double bottom chart pattern – –