The pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 9.29 is expected.
Caution: A possible change in the direction of the support zone at 9.02 could happen.
Consider stop-loss settings accordingly.
And also a ” indicator layout is detected. The indicator shows ”. which could be a positive signal. The currency pair could go up.
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And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair could go up.
And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.
And also a ‘Bullish Belt Hold’ candlestick pattern is found. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. 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 | 9.51 |
| 2nd High | 9.46 |
| Next High | 9.29 |
| Current Price | 9.470000000 |
| Next Low | 9.02 |
| 2nd Low | 8.69 |
| 3rd Low | 8.42 |
9.29 – 8.99 – 9.02 – 9.02 – 8.69 – 8.82 —
9.320000000 – 9.280000000 —
63.253144480986 – 59.647049378458 —
– —
9.29 – 1773036000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –