The combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 6.967 will continue.
Caution: A possible trend reversal in the direction of the support level at 6.753 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 6.916 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 6.967 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Three Outside Up’ candlestick chart pattern is existing. The chart shows ‘Three Outside Up’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.115 |
| 2nd High | 7.008 |
| Next High | 6.967 |
| Current Price | 6.919000000 |
| Next Low | 6.753 |
| 2nd Low | 6.717 |
| 3rd Low | 6.613 |
6.967 – 7.008 – 6.977 – 6.753 – 6.817 – 6.792 —
6.862000000 – 6.836000000 —
42.377850326504 – 42.956480930782 —
– —
6.967 – 1783312200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Up – – –