AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A descending movement downwards to the next support line at 23.310000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 25.230000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 25.230000000 |
| Current Price | 25.140000000 |
| Next Low | 23.310000000 |
| 2nd Low | 23.010000000 |
| 3rd Low | 22.190000000 |
25.230000000 – 25.030000000 – 23.240000000 – 23.310000000 – 23.010000000 – 22.190000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –