AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline upwards
The bullish trend upwards to the next resistance line at 10.01 is certain.
Caution: A possible counter-trend in the direction of the support zone at 8.97 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Inverted Hammer’ candle chart pattern is existing. The chart shows ‘Inverted Hammer’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.51 |
| 2nd High | 10.36 |
| Next High | 10.01 |
| Current Price | 9.180000000 |
| Next Low | 8.97 |
| 2nd Low | 8.92 |
| 3rd Low | 8.52 |
10.01 – 9.89 – 9.55 – 9.21 – 9.3 – 9.33 —
9.280000000 – 9.200000000 —
37.673087996138 – 36.131685584877 —
– —
10.01 – 1776436200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Inverted Hammer – – –