AVAX/USDT – 4H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 21.700000000 will persist.
Caution: A possible trend reversal in the direction of the support line at 19.090000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading 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 | 19.830000000 |
| 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