AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 32.580000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 33.610000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Southern Doji’ candle chart pattern is detected. The chart forms ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.030000000 |
| Next High | 33.610000000 |
| Current Price | 30.930000000 |
| Next Low | 32.580000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 28.220000000 |
33.610000000 – 34.030000000 – 35.810000000 – 32.580000000 – 32.860000000 – 33.340000000 — 25.424990458688 – 24.551998061982
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –