The combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance at 6.739 will continue.
Caution: A possible trend reversal in the direction of the support level at 6.338 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bullish Belt Hold’ chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 6.791 |
| 2nd High | 6.773 |
| Next High | 6.739 |
| Current Price | 6.501000000 |
| Next Low | 6.338 |
| 2nd Low | 6.282 |
| 3rd Low | 6.27 |
6.739 – 6.773 – 6.757 – 6.513 – 6.338 – 6.373 —
6.517000000 – 6.500000000 —
34.480254683909 – 39.466903283678 —
– —
6.739 – 1784178000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –