AVAX/USDT – 1H – BUYIn addition a ‘Double top retreat up’ chart formation is existing. The chart picture forms ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to rise.
The currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline upwards
A bullish ascent up to the next resistance level at 15.85 is likely expected.
Caution: A possible change in the direction of the support level at 8.52 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive 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 | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 14.630000000 |
| Next Low | 8.52 |
| 2nd Low | |
| 3rd Low |
15.85 – 15.86 – 15.79 – 14.62 – 15.27 – 14.84 — 43.504499074339 – 46.11724142188 — 79.070720617197 – 88.448714574011 – 73.718312586275 – 80.669682899371
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up – –