AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 40.810000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 36.970000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bullish Engulfing’ candle pattern is existing. The chart forms ‘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 chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.840000000 |
| 2nd High | 41.900000000 |
| Next High | 40.810000000 |
| Current Price | 37.580000000 |
| Next Low | 36.970000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 35.180000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing