AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 9.74 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 9.36 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.36 |
| 2nd High | 10.01 |
| Next High | 9.74 |
| Current Price | 9.650000000 |
| Next Low | 9.36 |
| 2nd Low | 9.33 |
| 3rd Low | 9.09 |
9.74 – 9.52 – 9.38 – 9.36 – 9.33 – 9.09 —
9.650000000 – 9.630000000 —
57.909151326187 – 54.077037762616 —
– —
9.74 – 1778056200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –