AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 23.670000000 will persist.
Caution: A possible change in the direction of the support level at 23.030000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Inverted Hammer’ candlestick pattern is found. The chart shows ‘Inverted Hammer’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 24.560000000 |
| Next High | 23.670000000 |
| Current Price | 23.290000000 |
| Next Low | 23.030000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
23.670000000 – 24.560000000 – 26.570000000 – 23.030000000 – 23.980000000 – 24.920000000 — 35.748392150148 – 40.477641709817
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Inverted Hammer – – –