AVAX/USDT – 30M – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline up.
An ascending movement up to the next resistance at 18.100000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 17.800000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 18.900000000 |
| 2nd High | 18.640000000 |
| Next High | 18.100000000 |
| Current Price | 17.740000000 |
| Next Low | 17.800000000 |
| 2nd Low | 17.550000000 |
| 3rd Low | 15.960000000 |
18.100000000 – 18.640000000 – 18.900000000 – 17.800000000 – 18.070000000 – 18.130000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji