AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 25.680000000 will persist.
Caution: A possible change in the direction of the support level at 23.570000000 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘Bullish Engulfing’ candle pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 24.090000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
25.680000000 – 25.660000000 – 25.990000000 – 23.570000000 – 23.460000000 – 23.180000000 — 36.960377716747 – 39.665672779315
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – Double top retreat up – –