AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support level at 13.91 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 14.53 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish signal. The 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 | 14.280000000 |
| Next Low | 13.91 |
| 2nd Low | 12.23 |
| 3rd Low | 12.21 |
14.53 – 13.86 – 12.67 – 13.91 – 12.23 – 12.21 — 59.131871260463 – 47.969126316719 — 43.248537882962 – 26.579511278598 – 42.114182303447 – 37.305059353786
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –