The combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at 27.380000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 25.750000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 26.36 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 27.380000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 26.970000000 |
| Next Low | 25.750000000 |
| 2nd Low | 25.610000000 |
| 3rd Low | 24.900000000 |
26.360000000 – 25.800000000 – 24.690000000 – 25.750000000 – 25.610000000 – 24.900000000 — 66.7133414527 – 74.355786614056
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –