AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 6.193 is certain.
Caution: A possible counter-trend in the direction of the support level at 5.681 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candlestick pattern is existing. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.018 |
| 2nd High | 6.804 |
| Next High | 6.193 |
| Current Price | 6.209000000 |
| Next Low | 5.681 |
| 2nd Low | |
| 3rd Low |
6.193 – 6.804 – 7.018 – 5.681 – 5.968 – 6.214 —
5.956000000 – 6.047000000 —
46.745324288013 – 56.359977444216 —
– —
6.193 – 1781875800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –