AVAX/USDT – 1H – BUY

The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards

An ascent upwards to the next resistance at 24.820000000 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 23.260000000 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘RSI cross above 70’ indicator layout is found. The indicator shows ‘RSI cross above 70’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘StochRSI cross above 20’ indicator layout is found. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Bullish Belt Hold’ candle chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. 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).

24.820000000 – 23.700000000 – 22.400000000 – 23.260000000 – 24.020000000 – 21.950000000 — 44.262999030096 – 51.63849998421

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