AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 23.420000000 is expected.
Caution: A possible trend reversal in the direction of support at 22.720000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish pattern 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’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.140000000 |
| 2nd High | 23.570000000 |
| Next High | 23.420000000 |
| Current Price | 23.080000000 |
| Next Low | 22.720000000 |
| 2nd Low | 22.360000000 |
| 3rd Low | 22.230000000 |
23.420000000 – 23.570000000 – 23.040000000 – 22.720000000 – 23.160000000 – 22.360000000 — 46.160653634452 – 53.357942966958
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –