AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 14.53 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 12.23 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.86 |
| 2nd High | 14.83 |
| Next High | 14.53 |
| Current Price | 14.460000000 |
| Next Low | 12.23 |
| 2nd Low | 12.21 |
| 3rd Low | 12.14 |
14.53 – 13.86 – 12.67 – 12.23 – 12.21 – 12.53 — 62.663860677753 – 64.384136819268 — 95.280017298366 – 100 – 78.955785910465 – 93.487371163212
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –