AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish trend downwards to the next support at 34.940000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 45.050000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three Outside Up’ candle pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 37.670000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up