AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 26.360000000 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 24.900000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles form ‘Bullish Belt Hold’. which is a bullish 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’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 26.360000000 |
| Current Price | 26.450000000 |
| Next Low | 24.900000000 |
| 2nd Low | 24.260000000 |
| 3rd Low | 24.090000000 |
26.360000000 – 25.800000000 – 24.730000000 – 24.900000000 – 24.260000000 – 24.090000000 — 61.726408331438 – 66.704191770927
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern – –