AVAX/USDT – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 28.230000000 is certain.
Caution: A possible counter-trend in the direction of support at 26.510000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candle chart pattern is found. The candles form ‘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 | 29.620000000 |
| 2nd High | 29.320000000 |
| Next High | 28.230000000 |
| Current Price | 28.600000000 |
| Next Low | 26.510000000 |
| 2nd Low | 22.350000000 |
| 3rd Low | 21.030000000 |