The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 6.739 will continue.
Caution: A possible counter-trend in the direction of the support line at 6.338 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Outside Up’ candle chart pattern is found. The chart forms ‘Three Outside Up’. which 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 likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.791 |
| 2nd High | 6.773 |
| Next High | 6.739 |
| Current Price | 6.560000000 |
| Next Low | 6.338 |
| 2nd Low | 6.282 |
| 3rd Low | 6.27 |
6.739 – 6.773 – 6.757 – 6.513 – 6.338 – 6.373 —
6.500000000 – 6.515000000 —
39.466903622536 – 39.372431039838 —
– —
6.739 – 1784178000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –