AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 23.570000000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 22.360000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 24.140000000 |
| Next High | 23.570000000 |
| Current Price | 23.010000000 |
| Next Low | 22.360000000 |
| 2nd Low | 22.230000000 |
| 3rd Low | 21.950000000 |
23.570000000 – 24.140000000 – 25.680000000 – 22.360000000 – 22.230000000 – 23.360000000 — 48.37010032488 – 49.758264365671
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –