AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 30.260000000 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 28.220000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Engulfing’ chart pattern is found. The candles form ‘Bullish Engulfing’. which is a positive chart scenario. 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’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 31.250000000 |
| 2nd High | 31.000000000 |
| Next High | 30.260000000 |
| Current Price | 29.670000000 |
| Next Low | 28.220000000 |
| 2nd Low | 24.900000000 |
| 3rd Low | 24.260000000 |
30.260000000 – 31.000000000 – 30.410000000 – 28.220000000 – 28.960000000 – 29.270000000 — 38.365668233563 – 43.70045893301
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –