AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 25.080000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 24.240000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Belt Hold’ candle chart pattern is found. The candles show ‘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 probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.570000000 |
| 2nd High | 25.330000000 |
| Next High | 25.080000000 |
| Current Price | 25.020000000 |
| Next Low | 24.240000000 |
| 2nd Low | 23.030000000 |
| 3rd Low | 22.190000000 |
25.080000000 – 25.330000000 – 26.570000000 – 24.240000000 – 23.030000000 – 24.920000000 — 54.312423784243 – 59.951965454258
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – Double top retreat up – –