AVAX/USDT – 30M – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 29.320000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 27.510000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles show ‘Three White Soldiers’. 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 probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 29.750000000 |
| 2nd High | 29.620000000 |
| Next High | 29.320000000 |
| Current Price | 29.000000000 |
| Next Low | 27.510000000 |
| 2nd Low | 27.100000000 |
| 3rd Low | 26.510000000 |