The pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance line at 10.17 is expected.
Caution: A possible counter-trend in the direction of the support zone at 9.54 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 11.05 |
| 2nd High | 10.34 |
| Next High | 10.17 |
| Current Price | 9.720000000 |
| Next Low | 9.54 |
| 2nd Low | 9.53 |
| 3rd Low | 9.16 |
10.17 – 10.34 – 10.21 – 9.54 – 9.97 – 9.95 —
9.990000000 – 9.790000000 —
35.404522471435 – 25.207997798649 —
– —
10.17 – 1770190200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –