AVAX/USDT – 30M – BUYBesides a ‘Double bottom chart pattern’ chart pattern is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to rise.
The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 24.350000000 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 21.510000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 22.21 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 24.350000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 22.220000000 |
| Next Low | 21.510000000 |
| 2nd Low | 20.220000000 |
| 3rd Low | 20.140000000 |
22.210000000 – 21.490000000 – 20.920000000 – 21.510000000 – 20.220000000 – 20.140000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji