AVAX/USDT – 1H – BUY

The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 6.707 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 6.476 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Belt Hold’ candle chart pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

6.707 – 6.664 – 6.882 – 6.476 – 6.301 – 6.419 —
6.665000000 – 6.650000000 —
51.347815668046 – 50.746899484061 —
– —
6.707 – 1781204400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –