The combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 9.34 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 9.12 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Outside Up’ candle pattern is detected. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.48 |
| 2nd High | 9.38 |
| Next High | 9.34 |
| Current Price | 9.320000000 |
| Next Low | 9.12 |
| 2nd Low | 8.74 |
| 3rd Low | 8.62 |
9.34 – 9.26 – 8.94 – 9.12 – 8.74 – 8.62 —
9.340000000 – 9.310000000 —
49.382466164922 – 56.471194523096 —
– —
9.34 – 1771200000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –