AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 21.510000000 will persist.
Caution: A possible change in the direction of support at 20.390000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.080000000 |
| 2nd High | 22.000000000 |
| Next High | 21.510000000 |
| Current Price | 21.790000000 |
| Next Low | 20.390000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
21.510000000 – 22.000000000 – 22.080000000 – 20.390000000 – 20.990000000 – 20.180000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three White Soldiers – Double bottom chart pattern