AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 17.960000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 18.880000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 20.000000000 |
| 2nd High | 19.170000000 |
| Next High | 18.880000000 |
| Current Price | 17.890000000 |
| Next Low | 17.960000000 |
| 2nd Low | 17.610000000 |
| 3rd Low | 17.020000000 |
18.880000000 – 19.170000000 – 18.260000000 – 17.960000000 – 18.340000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –