AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 25.440000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 24.370000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bullish Belt Hold’ candlestick pattern is found. The candles show ‘Bullish Belt Hold’. which is a bullish pattern 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 | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 25.440000000 |
| Current Price | 25.320000000 |
| Next Low | 24.370000000 |
| 2nd Low | 22.760000000 |
| 3rd Low | 22.190000000 |
25.440000000 – 24.900000000 – 24.600000000 – 24.370000000 – 22.760000000 – 23.540000000 — 53.764543827581 – 59.711290693266
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –