AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 14.93 will continue.
Caution: A possible counter-trend in the direction of the support zone at 13.91 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. which is often a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle pattern is found. The chart forms ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 14.93 |
| Current Price | 14.660000000 |
| Next Low | 13.91 |
| 2nd Low | 13.7 |
| 3rd Low | 13.26 |
14.38 – 14.05 – 13.59 – 13.91 – 13.7 – 13.78 — 77.093994042237 – 77.371756963002 — 84.515016288386 – 88.466893461336 – 88.436821298693 – 86.882589070967
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –