The combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline up.
A bullish ascent upwards to the next resistance at 11.05 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 9.16 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
Also there is a ‘Latter Bottom’ candle pattern is existing. The candles show ‘Latter Bottom’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.18 |
| 2nd High | 11.09 |
| Next High | 11.05 |
| Current Price | 10.210000000 |
| Next Low | 9.16 |
| 2nd Low | |
| 3rd Low |
11.05 – 11.05 – 11.09 – 9.16 – 10.42 – 10.63 —
10.010000000 – 10.180000000 —
38.350921943461 – 52.376312257006 —
– —
11.05000 – 1769799600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Latter Bottom – – –