AVAX/USDT – 4H – BUYIn addition a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 19.170000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 17.500000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Rising Window’ chart pattern is found. The chart shows ‘Rising Window’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Rising Window’ heading up is 75% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 20.000000000 |
| Next High | 19.170000000 |
| Current Price | 20.860000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
19.170000000 – 18.280000000 – 20.000000000 – 17.500000000 – 17.610000000 – 17.020000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Rising Window – Double bottom chart pattern