The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 47.930000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 38.500000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Engulfing’ candle chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 47.930000000 |
Current Price | 42.310000000 |
Next Low | 38.500000000 |
2nd Low | 38.310000000 |
3rd Low | 35.180000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing