AVAX/USDT – 4H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance line at 22.660000000 will persist.
Caution: A possible counter-trend in the direction of the support level at 20.390000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 | 22.660000000 |
| Current Price | 22.690000000 |
| Next Low | 20.390000000 |
| 2nd Low | 17.500000000 |
| 3rd Low | 17.020000000 |
21.530000000 – 19.170000000 – 18.280000000 – 20.390000000 – 17.500000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –