AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 24.350000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 20.220000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ chart pattern is detected. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 22.430000000 |
| Next Low | 20.220000000 |
| 2nd Low | 20.140000000 |
| 3rd Low | 18.430000000 |
22.210000000 – 21.490000000 – 21.130000000 – 20.220000000 – 20.140000000 – 18.430000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji