AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 22.580000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 21.610000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 22.580000000 |
| Current Price | 22.090000000 |
| Next Low | 21.610000000 |
| 2nd Low | 20.690000000 |
| 3rd Low | 20.390000000 |
22.580000000 – 21.510000000 – 22.000000000 – 21.610000000 – 20.690000000 – 20.390000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –