AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 24.140000000 will persist.
Caution: A possible counter-trend in the direction of the support line at 21.950000000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 25.990000000 |
| 2nd High | 25.680000000 |
| Next High | 24.140000000 |
| Current Price | 22.700000000 |
| Next Low | 21.950000000 |
| 2nd Low | 21.440000000 |
| 3rd Low | 20.390000000 |
24.140000000 – 25.680000000 – 25.660000000 – 23.360000000 – 23.570000000 – 23.460000000 — 39.667915206149 – 42.542680139272
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –