AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 13.44 is likely expected.
Caution: A possible counter-trend in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Northern Doji’ candle pattern is existing. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.44 |
| Current Price | 13.360000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
13.44 – 13.39 – 13.34 – 13.23 – 13.03 – 13.18 — 54.292344593458 – 56.603031842945 — 71.420838607602 – 65.887754683721 – 59.326563825534 – 66.662752499651
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –