AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support line at 41.510000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 44.250000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 45.65968 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 44.250000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 47.930000000 |
| 2nd High | 44.470000000 |
| Next High | 44.250000000 |
| Current Price | 43.650000000 |
| Next Low | 41.510000000 |
| 2nd Low | 38.500000000 |
| 3rd Low | 38.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers