AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 50.840000000 is likely expected.
Caution: A possible counter-trend in the direction of support at 41.240000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish SBS White Lines’ chart pattern is found. The chart shows ‘Bearish SBS White Lines’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 52.050000000 |
| 2nd High | 50.860000000 |
| Next High | 50.840000000 |
| Current Price | 44.050000000 |
| Next Low | 41.240000000 |
| 2nd Low | 40.890000000 |
| 3rd Low | 38.800000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish SBS White Lines