AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance level at 22.310000000 is expected.
Caution: A possible counter-trend in the direction of support at 21.570000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.120000000 |
| 2nd High | 22.850000000 |
| Next High | 22.310000000 |
| Current Price | 22.340000000 |
| Next Low | 21.570000000 |
| 2nd Low | 21.440000000 |
| 3rd Low | 20.690000000 |
22.310000000 – 22.850000000 – 24.120000000 – 21.570000000 – 21.440000000 – 21.630000000 — 57.865318232755 – 63.646848668054
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –