AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support level at 24.020000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 25.660000000 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 detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.660000000 |
| Current Price | 24.490000000 |
| Next Low | 24.020000000 |
| 2nd Low | 23.570000000 |
| 3rd Low | 23.460000000 |
24.370000000 – 24.090000000 – 25.660000000 – 24.020000000 – 23.570000000 – 23.460000000 — 64.941117426513 – 58.441646596694
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –