AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 25.550000000 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 23.310000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Belt Hold’ candle pattern is existing. The chart shows ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 25.550000000 |
| Current Price | 25.850000000 |
| Next Low | 23.310000000 |
| 2nd Low | 23.010000000 |
| 3rd Low | 22.190000000 |
25.550000000 – 25.230000000 – 24.020000000 – 23.310000000 – 23.010000000 – 22.190000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bullish Belt Hold –