AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance line at 13.44 will continue.
Caution: A possible change in the direction of the support level at 13.23 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles show ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.44 |
| Current Price | 13.350000000 |
| Next Low | 13.23 |
| 2nd Low | 13.03 |
| 3rd Low | 12.57 |
13.44 – 13.39 – 13.34 – 13.23 – 13.03 – 13.18 — 46.614228419809 – 52.992413115538 — 31.341098981521 – 34.929693922287 – 46.534935252384 – 36.927666807148
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –