AVAX/USDT – 4H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
The bullish trend up to the next resistance level at 25.680000000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 22.190000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.680000000 |
| Current Price | 26.430000000 |
| Next Low | 22.190000000 |
| 2nd Low | 21.440000000 |
| 3rd Low | 20.390000000 |
25.680000000 – 25.990000000 – 24.820000000 – 22.190000000 – 22.230000000 – 23.180000000 — 58.938833611585 – 65.468873280526
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –