AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A descent down to the next support line at 34.940000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 45.050000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Southern Doji’ candle pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 37.410000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji