AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline up.
An ascending movement upwards to the next resistance at 20.000000000 is expected.
Caution: A possible change in the direction of the support zone at 18.130000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 20.000000000 |
| Current Price | 18.700000000 |
| Next Low | 18.130000000 |
| 2nd Low | 17.550000000 |
| 3rd Low | 15.960000000 |
20.000000000 – 19.930000000 – 19.860000000 – 18.130000000 – 18.700000000 – 19.420000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji