AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support level at 34.950000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 39.370000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Above the Stomach’ candlestick pattern is existing. The chart shows ‘Above the Stomach’. this 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 ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 44.570000000 |
| 2nd High | 44.190000000 |
| Next High | 39.370000000 |
| Current Price | 37.410000000 |
| Next Low | 34.950000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Above the Stomach