AVAX/USDT – 4H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 26.530000000 will persist.
Caution: A possible counter-trend in the direction of support at 20.390000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ chart pattern is found. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 26.840000000 |
| Next High | 26.530000000 |
| Current Price | 25.420000000 |
| Next Low | 20.390000000 |
| 2nd Low | 17.500000000 |
| 3rd Low | 17.020000000 |
26.530000000 – 21.530000000 – 19.170000000 – 20.390000000 – 17.500000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bullish Belt Hold –