AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 24.730000000 is considered certain.
Caution: A possible counter-trend in the direction of support at 24.090000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.780000000 |
| 2nd High | 25.110000000 |
| Next High | 24.730000000 |
| Current Price | 24.680000000 |
| Next Low | 24.090000000 |
| 2nd Low | 23.860000000 |
| 3rd Low | 23.510000000 |
24.730000000 – 25.110000000 – 25.780000000 – 24.090000000 – 23.860000000 – 23.510000000 — 56.94786494628 – 57.667646773622
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom retreat down – –