The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline up.
An ascending movement up to the next resistance at 10.34 is expected.
Caution: A possible counter-trend in the direction of the support zone at 9.16 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.
Then a ‘Three White Soldiers’ candlestick pattern is found. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.95 |
| 2nd High | 12.27 |
| Next High | 10.34 |
| Current Price | 9.300000000 |
| Next Low | 9.16 |
| 2nd Low | 8.52 |
| 3rd Low |
10.34 – 12.27 – 14.95 – 9.16 – 11.23 – 11.88 —
9.090000000 – 9.380000000 —
20.693145110875 – 46.523304821857 —
– —
10.34 – 1770148800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –