AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline upwards
An ascent up to the next resistance level at 7.018 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 5.681 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.05 |
| 2nd High | 7.022 |
| Next High | 7.018 |
| Current Price | 6.148000000 |
| Next Low | 5.681 |
| 2nd Low | |
| 3rd Low |
7.018 – 7.022 – 7.05 – 5.681 – 5.968 – 6.214 —
5.975000000 – 6.053000000 —
32.749747572696 – 47.427738877395 —
– —
7.018 – 1781712000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Engulfing – – –