AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 15.01 is certain.
Caution: A possible trend reversal in the direction of the support line at 13.91 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 15.01 |
| Current Price | 15.120000000 |
| Next Low | 13.91 |
| 2nd Low | 13.7 |
| 3rd Low | 13.26 |
15.01 – 14.38 – 14.05 – 13.91 – 13.7 – 13.26 — 72.570079790985 – 79.315571022228 — 9.3755077443007 – 39.20785488434 – 5.4591600436295 – 17.361449607312
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –