The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 6.773 is expected.
Caution: A possible counter-trend in the direction of the support level at 6.282 could occur.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is found. The candles form ‘Bullish Belt Hold’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.088 |
| 2nd High | 6.834 |
| Next High | 6.773 |
| Current Price | 6.624000000 |
| Next Low | 6.282 |
| 2nd Low | 6.27 |
| 3rd Low | 5.963 |
6.773 – 6.834 – 7.088 – 6.282 – 6.317 – 6.27 —
6.739000000 – 6.510000000 —
50.380963278807 – 41.656900079039 —
– —
6.773 – 1784117100
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bullish Belt Hold – – –