AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 37.060000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 35.530000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 38.140000000 |
| 2nd High | 37.730000000 |
| Next High | 37.060000000 |
| Current Price | 37.020000000 |
| Next Low | 35.530000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 35.180000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing