The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 9.02 is considered certain.
Caution: A possible change in the direction of the support zone at 8.79 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Furthermore a ‘Three Outside Up’ candle pattern is detected. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 9.78 |
| 2nd High | 9.58 |
| Next High | 9.02 |
| Current Price | 8.970000000 |
| Next Low | 8.79 |
| 2nd Low | 8.42 |
| 3rd Low | 8.18 |
9.02 – 9.58 – 9.78 – 8.79 – 9.26 – 9 —
8.870000000 – 8.930000000 —
40.912938490395 – 43.725169861988 —
– —
9.02 – 1772964000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –