AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline upwards
An ascending movement up to the next resistance line at 24.140000000 is expected.
Caution: A possible counter-trend in the direction of the support zone at 22.760000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candlestick pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 25.330000000 |
| Next High | 24.140000000 |
| Current Price | 23.050000000 |
| Next Low | 22.760000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
24.140000000 – 24.090000000 – 25.330000000 – 23.360000000 – 24.020000000 – 23.570000000 — 32.29975904738 – 35.868660685985
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –