AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline upwards
The bullish trend up to the next resistance level at 14.22 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 13.51 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘RSI cross above 30’ indicator layout is existing. The indicator is ‘RSI cross above 30’. which could be a positive signal. The currency pair could go up.
Besides a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive signal. The currency pair could go up.
Besides a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.78 |
| 2nd High | 14.56 |
| Next High | 14.22 |
| Current Price | 13.630000000 |
| Next Low | 13.51 |
| 2nd Low | 13.48 |
| 3rd Low | 13.09 |
14.22 – 13.99 – 13.84 – 13.51 – 13.48 – 13.68 — 29.115714563148 – 44.594177268075 — 8.7184615187428 – 35.581531024711 – 16.391786461647 – 20.316567920712
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – Double top retreat up – –