The currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline upwards
The bullish trend up to the next resistance level at 9.46 will persist.
Caution: A possible counter-trend in the direction of the support level at 8.85 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. 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 | 9.58 |
| 2nd High | 9.51 |
| Next High | 9.46 |
| Current Price | 8.880000000 |
| Next Low | 8.85 |
| 2nd Low | 8.42 |
| 3rd Low | 8.25 |
9.46 – 9.51 – 9.58 – 8.87 – 8.96 – 9.26 —
8.910000000 – 8.870000000 —
34.510397628214 – 37.182592851198 —
– —
9.46 – 1772782200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –