AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 23.020000000 is considered certain.
Caution: A possible change in the direction of the support level at 21.870000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 23.020000000 |
| Current Price | 22.740000000 |
| Next Low | 21.870000000 |
| 2nd Low | 21.610000000 |
| 3rd Low | 20.690000000 |
23.020000000 – 22.580000000 – 21.510000000 – 21.870000000 – 21.610000000 – 20.690000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern