AVAX/USDT – 30M – BUYIn addition a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The pair is likely to go up.
The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
An ascent up to the next resistance level at 19.440000000 is certain.
Caution: A possible trend reversal in the direction of the support level at 18.870000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bullish Belt Hold’ chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive signal. The 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 | 22.660000000 |
| 2nd High | 19.550000000 |
| Next High | 19.440000000 |
| Current Price | 19.400000000 |
| Next Low | 18.870000000 |
| 2nd Low | 18.680000000 |
| 3rd Low | 18.430000000 |
19.440000000 – 19.550000000 – 19.410000000 – 18.870000000 – 18.680000000 – 21.510000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bullish Belt Hold