AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 24.740000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 27.380000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Southern Doji’ candlestick chart pattern is detected. The chart shows ‘Southern 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 ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 27.380000000 |
| Current Price | 25.300000000 |
| Next Low | 24.740000000 |
| 2nd Low | 22.870000000 |
| 3rd Low | 22.530000000 |
27.380000000 – 25.770000000 – 24.440000000 – 24.740000000 – 22.870000000 – 22.530000000 — 35.953631924126 – 35.808784000194
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – –