AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 45.050000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 41.240000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 44.080000000 |
| Next Low | 41.240000000 |
| 2nd Low | 40.890000000 |
| 3rd Low | 38.800000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up