AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 18.590000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 17.500000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.170000000 |
| 2nd High | 18.880000000 |
| Next High | 18.590000000 |
| Current Price | 17.860000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.590000000 – 18.880000000 – 19.170000000 – 17.500000000 – 18.340000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –