AVAX/USDT – 1H – BUY

The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.

The bullish trend upwards to the next resistance line at 6.472 will continue.

Caution: A possible counter-trend in the direction of the support zone at 6.097 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Additionally a ‘Bullish Belt Hold’ chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. 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).

6.472 – 6.372 – 6.259 – 6.097 – 5.681 – 5.968 —
6.277000000 – 6.215000000 —
50.214322291547 – 37.875436927951 —
– —
6.472 – 1782133200

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