AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A bearish movement down to the next support level at 38.800000000 will persist.
Caution: A possible change in the direction of the resistance level at 45.050000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Meeting Lines’ candlestick pattern is existing. The candles form ‘Bullish Meeting Lines’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 39.800000000 |
| Next Low | 38.800000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Meeting Lines