AVAX/USDT – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at will persist.
Caution: A possible reversal of the trend in the direction of support at 28.490000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candlestick chart pattern is detected. 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 | |
| 2nd High | |
| Next High | |
| Current Price | 32.070000000 |
| Next Low | 28.490000000 |
| 2nd Low | 26.510000000 |
| 3rd Low | 22.350000000 |