AVAX/USDT – 1H – BUY

The combination Avalanche/Tether (AVAX/USDT) goes from the bullish trendline upwards

A continuation of the upward movement up to the next resistance level at 12.5 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 11.99 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bullish Belt Hold’. this is a bullish 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’ going up is 71% (Bull Market) & 71% (Bear Market).

12.5 – 12.38 – 12.73 – 11.99 – 12.04 – 11.88 —
12.130000000 – 12.090000000 —
41.992527600921 – 45.242937653985 —
– —
12.50000 – 1769187600

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