AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 6.259 will continue.
Caution: A possible counter-trend in the direction of the support level at 5.681 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.022 |
| 2nd High | 7.018 |
| Next High | 6.259 |
| Current Price | 6.140000000 |
| Next Low | 5.681 |
| 2nd Low | |
| 3rd Low |
6.259 – 7.018 – 7.022 – 5.681 – 5.968 – 6.214 —
6.221000000 – 6.127000000 —
56.496555512178 – 48.854563709984 —
– —
6.259 – 1781938800
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –