AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 13.39 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 14.95 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.27 |
| 2nd High | 15.09 |
| Next High | 14.95 |
| Current Price | 13.680000000 |
| Next Low | 13.39 |
| 2nd Low | 12.23 |
| 3rd Low | 12.21 |
14.95 – 14.85 – 14.22 – 14.12 – 14.41 – 13.39 — 26.830522147895 – 25.146584850119 — 0 – 0 – 1.4467801134468 – 0
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Head and Shoulder chart pattern – –