AVAX/USDT – 1H – BUYIn addition a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 19.280000000 is likely expected.
Caution: A possible change in the direction of the support level at 18.770000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.
In addition a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.660000000 |
| 2nd High | 19.550000000 |
| Next High | 19.280000000 |
| Current Price | 19.120000000 |
| Next Low | 18.770000000 |
| 2nd Low | 18.710000000 |
| 3rd Low | 18.680000000 |
19.280000000 – 19.550000000 – 22.660000000 – 18.770000000 – 18.710000000 – 18.680000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji