AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline up.
The bullish trend up to the next resistance at 24.140000000 is considered certain.
Caution: A possible counter-trend in the direction of support at 22.190000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 25.330000000 |
| Next High | 24.140000000 |
| Current Price | 22.780000000 |
| Next Low | 22.190000000 |
| 2nd Low | 21.950000000 |
| 3rd Low | 21.770000000 |
24.140000000 – 24.090000000 – 25.330000000 – 22.860000000 – 23.360000000 – 24.020000000 — 35.40087012627 – 38.746544137562
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –