AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 39.370000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 37.570000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Two-Candle Shooting Star’ candlestick chart pattern is found. The candles show ‘Two-Candle Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two-Candle Shooting Star’ going down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 44.570000000 |
| 2nd High | 44.190000000 |
| Next High | 39.370000000 |
| Current Price | 38.290000000 |
| Next Low | 37.570000000 |
| 2nd Low | 34.950000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two-Candle Shooting Star