The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 27.380000000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 22.760000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 25.73036 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 27.380000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Three White Soldiers’ candlestick pattern is found. The chart shows ‘Three White Soldiers’. this 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 25.190000000 |
| Next Low | 22.760000000 |
| 2nd Low | 21.440000000 |
| 3rd Low | 20.390000000 |
24.820000000 – 27.380000000 – 26.530000000 – 22.760000000 – 21.440000000 – 22.530000000 — 54.084850102411 – 56.459640340632
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –