AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
An ascent up to the next resistance at 21.080000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 20.180000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 21.530000000 |
| Next High | 21.080000000 |
| Current Price | 21.080000000 |
| Next Low | 20.180000000 |
| 2nd Low | 17.690000000 |
| 3rd Low | 17.500000000 |
21.080000000 – 21.530000000 – 18.590000000 – 20.180000000 – 20.320000000 – 17.690000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –