AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline upwards
An ascent up to the next resistance line at 6.193 will persist.
Caution: A possible counter-trend in the direction of the support level at 5.968 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.018 |
| 2nd High | 6.804 |
| Next High | 6.193 |
| Current Price | 5.933000000 |
| Next Low | 5.968 |
| 2nd Low | |
| 3rd Low |
6.193 – 6.804 – 7.018 – 5.968 – 6.214 – 6.575 —
6.157000000 – 5.916000000 —
53.108768066762 – 35.835817551646 —
– —
6.193 – 1781875800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –