AVAX/USDT – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 29.620000000 will persist.
Caution: A possible change in the direction of the support level at 26.510000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candlestick pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 29.870000000 |
| Next High | 29.620000000 |
| Current Price | 29.240000000 |
| Next Low | 26.510000000 |
| 2nd Low | 22.350000000 |
| 3rd Low | 21.030000000 |