The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance line at 9.3 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 9 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bullish Separating Lines’ chart pattern is existing. The candles form ‘Bullish Separating Lines’. 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 ‘Bullish Separating Lines’ going up is 72% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.48 |
| 2nd High | 9.38 |
| Next High | 9.3 |
| Current Price | 9.140000000 |
| Next Low | 9 |
| 2nd Low | 7.55 |
| 3rd Low |
9.26 – 9.3 – 9.38 – 9 – 9.07 – 9.15 —
9.180000000 – 9.140000000 —
51.362605351442 – 48.853109349392 —
– —
9.26 – 1770591600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Separating Lines – – –