AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 42.860000000 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 40.890000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Up’ candle pattern is discovered. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 42.860000000 |
| Current Price | 43.050000000 |
| Next Low | 40.890000000 |
| 2nd Low | 38.800000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up