AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline upwards
An ascending movement upwards to the next resistance at 15.85 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 14.030000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 14.945 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 15.85 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The 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 | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 14.540000000 |
| Next Low | 14.030000000 |
| 2nd Low | |
| 3rd Low |
15.85 – 15.78 – 15.86 – 14.030000000 – 14.62 – 15.27 — 48.130478175845 – 49.181773897528 — 79.817845627225 – 82.918443130243 – 82.532332910548 – 80.665454341702
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –