The pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 12.15 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 11.97 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.5 |
| 2nd High | 12.19 |
| Next High | 12.15 |
| Current Price | 12.110000000 |
| Next Low | 11.97 |
| 2nd Low | 11.88 |
| 3rd Low | 11.84 |
12.15 – 12.19 – 12.5 – 11.97 – 12.06 – 12.03 —
12.060000000 – 12.090000000 —
38.618562901147 – 46.918906910418 —
– —
12.15000 – 1769257800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –