AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline up.
An ascent up to the next resistance at 15.85 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 8.52 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish chart scenario. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 14.620000000 |
| Next Low | 8.52 |
| 2nd Low | |
| 3rd Low |
15.85 – 15.86 – 15.79 – 14.62 – 15.27 – 14.84 — 39.825419971024 – 43.938062488468 — 15.472189547975 – 43.174064262196 – 10.11189961043 – 21.021157347448
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –