AVAX/USDT – 30M – BUYThere is also a ‘Double bottom chart pattern’ chart layout is existing. The chart picture forms ‘Double bottom chart pattern’. which is a positive signal. The currency pair is likely to rise.
The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 25.510000000 is considered certain.
Caution: A possible change in the direction of the support zone at 24.750000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Belt Hold’ chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.510000000 |
| Current Price | 25.550000000 |
| Next Low | 24.750000000 |
| 2nd Low | 24.370000000 |
| 3rd Low | 22.760000000 |
25.440000000 – 24.900000000 – 24.600000000 – 24.750000000 – 24.370000000 – 22.760000000 — 41.832462759809 – 52.644945740094
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –