AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support at 20.220000000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 22.210000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 22.210000000 |
| Current Price | 21.770000000 |
| 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