AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 18.590000000 will continue.
Caution: A possible trend reversal in the direction of the support level at 17.500000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.170000000 |
| 2nd High | 18.880000000 |
| Next High | 18.590000000 |
| Current Price | 17.860000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.590000000 – 18.880000000 – 19.170000000 – 17.500000000 – 18.340000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –