AVAX/USDT – 4H – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 21.530000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 17.500000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 21.530000000 |
| Current Price | 20.980000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
21.530000000 – 19.170000000 – 18.280000000 – 17.500000000 – 17.610000000 – 17.020000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bullish Engulfing –