AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 23.570000000 is certain.
Caution: A possible counter-trend in the direction of support at 22.360000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 24.140000000 |
| Next High | 23.570000000 |
| Current Price | 23.100000000 |
| Next Low | 22.360000000 |
| 2nd Low | 22.230000000 |
| 3rd Low | 21.950000000 |
23.570000000 – 24.140000000 – 25.680000000 – 22.360000000 – 22.230000000 – 23.360000000 — 45.921490577847 – 52.072782030366
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –