AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 50.840000000 is expected.
Caution: A possible change in the direction of the support zone at 41.240000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Latter Bottom’ candlestick chart pattern is discovered. The candles form ‘Latter Bottom’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 52.050000000 |
| 2nd High | 50.860000000 |
| Next High | 50.840000000 |
| Current Price | 44.330000000 |
| Next Low | 41.240000000 |
| 2nd Low | 40.890000000 |
| 3rd Low | 38.800000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Latter Bottom