AVAX/USDT – 4H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
A bullish movement up to the next resistance at 21.700000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 19.090000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 21.700000000 |
| Current Price | 19.840000000 |
| Next Low | 19.090000000 |
| 2nd Low | 14.660000000 |
| 3rd Low |
21.700000000 – 24.350000000 – 25.980000000 – 19.770000000 – 22.480000000 – 21.260000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji