AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 42.860000000 will continue.
Caution: A possible change in the direction of the support zone at 41.860000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 42.86 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 42.860000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Shooting Star’ chart pattern is found. The chart forms ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 42.860000000 |
| Current Price | 42.590000000 |
| Next Low | 41.860000000 |
| 2nd Low | 40.890000000 |
| 3rd Low | 39.340000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star