Then a ‘Double bottom chart pattern’ chart formation is found. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 25.510000000 will continue.
Caution: A possible counter-trend in the direction of the support zone at 24.750000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 – –