Then a ‘Double bottom chart pattern’ chart layout is existing. The chart forms ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.
The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance line at 24.350000000 is expected.
Caution: A possible change in the direction of the support zone at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair is likely to rise.
Then a ‘Tweezers Bottom’ chart pattern is detected. The candles form ‘Tweezers Bottom’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 24.560000000 |
| Next High | 24.350000000 |
| Current Price | 24.450000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
24.350000000 – 23.970000000 – 23.670000000 – 23.860000000 – 23.160000000 – 23.110000000 — 55.285656764878 – 61.319869186942
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Tweezers Bottom – Double bottom chart pattern – –