AVAX/USDT – 1H – BUYThe combination jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 29.620000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 26.510000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 29.870000000 |
| Next High | 29.620000000 |
| Current Price | 29.490000000 |
| Next Low | 26.510000000 |
| 2nd Low | 22.350000000 |
| 3rd Low | 21.030000000 |