The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 6.88 will continue.
Caution: A possible counter-trend in the direction of the support zone at 6.717 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Next a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.022 |
| 2nd High | 7.018 |
| Next High | 6.88 |
| Current Price | 6.850000000 |
| Next Low | 6.717 |
| 2nd Low | 6.613 |
| 3rd Low | 6.561 |
6.88 – 6.814 – 6.758 – 6.717 – 6.613 – 6.561 —
6.841000000 – 6.837000000 —
64.231725163714 – 54.066693178497 —
– —
6.88 – 1782999000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –