AVAX/USDT – 4H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 24.820000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 21.440000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 24.820000000 |
| Current Price | 24.640000000 |
| Next Low | 21.440000000 |
| 2nd Low | 20.390000000 |
| 3rd Low | 17.500000000 |
24.820000000 – 27.380000000 – 26.530000000 – 21.440000000 – 22.530000000 – 20.390000000 — 57.330630717572 – 57.638702648685
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –