AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A descent downwards to the next support level at 34.940000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 45.050000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 38.360000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold