The pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 6.193 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 5.681 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.018 |
| 2nd High | 6.804 |
| Next High | 6.193 |
| Current Price | 5.980000000 |
| Next Low | 5.681 |
| 2nd Low | |
| 3rd Low |
6.193 – 6.804 – 7.018 – 5.681 – 5.968 – 6.214 —
5.947000000 – 5.968000000 —
45.175026796705 – 47.923970254054 —
– —
6.193 – 1781875800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –