AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 25.030000000 is certain.
Caution: A possible counter-trend in the direction of the support line at 23.310000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The 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 | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 25.030000000 |
| Current Price | 24.580000000 |
| Next Low | 23.310000000 |
| 2nd Low | 23.010000000 |
| 3rd Low | 22.190000000 |
25.030000000 – 23.240000000 – 22.580000000 – 23.310000000 – 23.010000000 – 22.190000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern