AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline up.
The bullish trend up to the next resistance level at 25.510000000 is expected.
Caution: A possible change in the direction of the support level at 22.870000000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. 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 | |
| 2nd High | 27.380000000 |
| Next High | 25.510000000 |
| Current Price | 24.360000000 |
| Next Low | 22.870000000 |
| 2nd Low | 22.530000000 |
| 3rd Low | 22.190000000 |
25.510000000 – 27.380000000 – 25.770000000 – 24.430000000 – 24.740000000 – 22.870000000 — 35.275338386364 – 36.008994427459
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top chart pattern –