The currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 6.632 is expected.
Caution: A possible trend reversal in the direction of the support line at 6.437 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The currency pair could go up.
Next a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.739 |
| 2nd High | 6.657 |
| Next High | 6.632 |
| Current Price | 6.495000000 |
| Next Low | 6.437 |
| 2nd Low | 6.422 |
| 3rd Low | 6.338 |
6.632 – 6.657 – 6.739 – 6.437 – 6.513 – 6.661 —
6.525000000 – 6.524000000 —
33.248073943587 – 41.584554250904 —
– —
6.632 – 1784239200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –