The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 9.66 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 8.74 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.8 |
| 2nd High | 9.73 |
| Next High | 9.66 |
| Current Price | 8.690000000 |
| Next Low | 8.74 |
| 2nd Low | 8.66 |
| 3rd Low | 8.37 |
9.66 – 8.95 – 9.11 – 9.37 – 8.74 – 8.78 —
8.710000000 – 8.660000000 —
18.780166891821 – 29.639873377479 —
– —
9.66 – 1775442600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –