AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A descending movement down to the next support at 24.920000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 26.770000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish 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 | |
| 2nd High | 27.380000000 |
| Next High | 26.770000000 |
| Current Price | 25.490000000 |
| Next Low | 24.920000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
26.770000000 – 23.220000000 – 23.570000000 – 24.920000000 – 22.190000000 – 22.360000000 — 52.75429575424 – 48.380973462139
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom retreat down – –