The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 46.490000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 40.400000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 54.390000000 |
2nd High | 50.980000000 |
Next High | 46.490000000 |
Current Price | 44.980000000 |
Next Low | 40.400000000 |
2nd Low | 38.500000000 |
3rd Low | 38.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers