AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 33.610000000 will continue.
Caution: A possible change in the direction of the support line at 32.580000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.030000000 |
| Next High | 33.610000000 |
| Current Price | 33.130000000 |
| Next Low | 32.580000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 28.220000000 |
33.610000000 – 34.030000000 – 35.810000000 – 32.580000000 – 32.860000000 – 33.340000000 — 49.488712690035 – 50.235040295191
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up – –