AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
An ascending movement up to the next resistance level at 34.110000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 33.340000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 35.810000000 |
| Next High | 34.110000000 |
| Current Price | 33.850000000 |
| Next Low | 33.340000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 29.170000000 |
34.110000000 – 35.810000000 – 33.290000000 – 33.340000000 – 33.510000000 – 29.380000000 — 48.773452827053 – 49.106622432034
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –