AVAX/USDT – 30M – BUYNext a ‘Double top retreat up’ chart pattern is existing. The formation shows ‘Double top retreat up’. which is a bullish pattern signal. The currency pair is likely to rise.
The currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline up.
A bullish ascent upwards to the next resistance level at 24.200000000 is certain.
Caution: A possible counter-trend in the direction of the support zone at 22.190000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.530000000 |
| 2nd High | 26.100000000 |
| Next High | 24.200000000 |
| Current Price | 23.270000000 |
| Next Low | 22.190000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.610000000 |
24.200000000 – 26.100000000 – 26.090000000 – 23.150000000 – 24.710000000 – 24.770000000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up –