AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 23.020000000 is certain.
Caution: A possible trend reversal in the direction of support at 21.870000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. 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 ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 23.020000000 |
| Current Price | 23.060000000 |
| Next Low | 21.870000000 |
| 2nd Low | 21.610000000 |
| 3rd Low | 20.690000000 |
23.020000000 – 22.580000000 – 21.510000000 – 21.870000000 – 21.610000000 – 20.690000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Outside Up –