The combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 26.840000000 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 24.740000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 26.840000000 |
| Current Price | 27.090000000 |
| Next Low | 24.740000000 |
| 2nd Low | 22.960000000 |
| 3rd Low | 22.870000000 |
26.460000000 – 25.260000000 – 25.770000000 – 24.740000000 – 24.850000000 – 22.960000000 — 67.890485608171 – 72.268959929329
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – Double bottom chart pattern –