The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 6.88 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 6.613 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive 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 | 7.022 |
| 2nd High | 7.018 |
| Next High | 6.88 |
| Current Price | 6.812000000 |
| Next Low | 6.613 |
| 2nd Low | 6.561 |
| 3rd Low | 6.427 |
6.88 – 6.814 – 6.758 – 6.613 – 6.561 – 6.427 —
6.769000000 – 6.798000000 —
51.493785584329 – 57.361482659487 —
– —
6.88 – 1782999000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three White Soldiers – – –