The combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 9.86 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 9.48 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 9.96 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 9.86 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Up’ candle pattern is existing. The chart forms ‘Three Outside Up’. which is a positive signal. 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 | 10.17 |
| 2nd High | 9.96 |
| Next High | 9.86 |
| Current Price | 9.740000000 |
| Next Low | 9.48 |
| 2nd Low | 9.31 |
| 3rd Low | 9.02 |
9.86 – 9.74 – 9.96 – 9.48 – 9.31 – 9.02 —
9.770000000 – 9.730000000 —
63.283966832696 – 55.523586933373 —
– —
9.86 – 1773235800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –