AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline up.
A bullish trend upwards to the next resistance level at 14.22 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 13.48 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 14.22 |
| Current Price | 13.870000000 |
| Next Low | 13.48 |
| 2nd Low | 12.23 |
| 3rd Low | 12.21 |
14.22 – 13.99 – 13.94 – 13.48 – 13.68 – 13.64 — 42.669324516743 – 55.246813511199 — 12.250769706503 – 30.801704782264 – 13.088923268426 – 18.740468514546
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –