AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 9.530000000 is expected.
Caution: A possible change in the direction of the support line at 9.02 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ candlestick chart pattern is existing. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 9.530000000 |
| Current Price | 9.340000000 |
| Next Low | 9.02 |
| 2nd Low | 8.69 |
| 3rd Low | 8.42 |
9.530000000 – 9.29 – 8.99 – 9.02 – 8.69 – 8.82 —
9.530000000 – 9.290000000 —
62.988080632927 – 48.463823501885 —
9.530000000 – 1773084600 —
– 1773084600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –