AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 9.29 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 8.69 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Harami Cross’ candle pattern is existing. The candles form ‘Bearish Harami Cross’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.51 |
| 2nd High | 9.46 |
| Next High | 9.29 |
| Current Price | 9.290000000 |
| Next Low | 8.69 |
| 2nd Low | 8.42 |
| 3rd Low | 8.25 |
9.29 – 8.99 – 9.02 – 8.69 – 8.82 – 8.79 —
9.180000000 – 9.230000000 —
57.471313314809 – 63.243701283322 —
– —
9.29 – 1773036000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Harami Cross – – –