AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline upwards
A bullish trend upwards to the next resistance line at 51.560000000 is expected.
Caution: A possible change in the direction of the support level at 42.780000000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candle pattern is found. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 53.620000000 |
| Next High | 51.560000000 |
| Current Price | 48.750000000 |
| Next Low | 42.780000000 |
| 2nd Low | 41.320000000 |
| 3rd Low | 40.400000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing