AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance level at 9.020000000 is certain.
Caution: A possible trend reversal in the direction of the support level at 8.79 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.78 |
| 2nd High | 9.58 |
| Next High | 9.020000000 |
| Current Price | 8.960000000 |
| Next Low | 8.79 |
| 2nd Low | 8.42 |
| 3rd Low | 8.18 |
9.020000000 – 9.58 – 9.78 – 8.79 – 9.26 – 9 —
9.020000000 – 8.890000000 —
51.028052960582 – 41.787453039425 —
9.020000000 – 1772964000 —
– 1772964000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –