AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 8.52 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 15.85 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Southern Doji’ chart pattern is discovered. The candles show ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 14.160000000 |
| Next Low | 8.52 |
| 2nd Low | |
| 3rd Low |
15.85 – 15.86 – 15.79 – 14.62 – 15.27 – 14.84 — 28.988975859643 – 28.833855084355 — 10.554882007019 – 4.4661342797989 – 14.230580273131 – 10.664419683607
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – – –