AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 25.510000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 24.370000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.510000000 |
| Current Price | 25.200000000 |
| Next Low | 24.370000000 |
| 2nd Low | 22.760000000 |
| 3rd Low | 22.190000000 |
24.900000000 – 24.600000000 – 24.050000000 – 24.370000000 – 22.760000000 – 23.540000000 — 56.475223074067 – 60.629722031307
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – Triple bottom chart pattern – –