AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 15.85 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 14.87 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Tweezers Bottom’ candle pattern is found. The chart forms ‘Tweezers Bottom’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 15.040000000 |
| Next Low | 14.87 |
| 2nd Low | 13.91 |
| 3rd Low | 13.7 |
15.01 – 14.38 – 14.05 – 14.87 – 13.91 – 13.7 — 54.175288611348 – 56.491322493717 — 12.250335238902 – 3.0109731556366 – 41.256146046534 – 19.565306388176
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Bottom – – –