AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 13.26 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 14.05 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency 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 | 15.85 |
| 2nd High | 14.93 |
| Next High | 14.05 |
| Current Price | 13.880000000 |
| Next Low | 13.26 |
| 2nd Low | 13.16 |
| 3rd Low | 13.03 |
14.05 – 13.59 – 13.44 – 13.26 – 13.16 – 13.03 — 65.457154464335 – 60.777909107846 — 30.637927483939 – 10.66694619337 – 45.332264096034 – 28.881926339724
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –