The pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 9.29 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 9.02 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘Three Outside Up’ candle pattern is discovered. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.51 |
| 2nd High | 9.46 |
| Next High | 9.29 |
| Current Price | 9.330000000 |
| Next Low | 9.02 |
| 2nd Low | 8.69 |
| 3rd Low | 8.42 |
9.29 – 8.99 – 9.02 – 9.02 – 8.69 – 8.82 —
9.100000000 – 9.280000000 —
54.975890646461 – 62.141789245414 —
– —
9.29 – 1773036000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –