The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 7.018 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 6.792000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
Additionally a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.05 |
| 2nd High | 7.022 |
| Next High | 7.018 |
| Current Price | 6.990000000 |
| Next Low | 6.792000000 |
| 2nd Low | 6.717 |
| 3rd Low | 6.613 |
6.924 – 6.88 – 6.88 – 6.792000000 – 6.717 – 6.613 —
6.835000000 – 6.937000000 —
41.313344444385 – 65.623658359355 —
6.792000000 – 1783094400 —
6.924 – 1783080000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –