AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline upwards
An ascent upwards to the next resistance line at 36.160000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 34.060000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 37.490000000 |
| 2nd High | 37.270000000 |
| Next High | 36.160000000 |
| Current Price | 34.200000000 |
| Next Low | 34.060000000 |
| 2nd Low | 30.590000000 |
| 3rd Low | 30.010000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing