AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 22.210000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 20.220000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 22.210000000 |
| Current Price | 22.320000000 |
| Next Low | 20.220000000 |
| 2nd Low | 20.140000000 |
| 3rd Low | 18.430000000 |
22.210000000 – 21.490000000 – 21.130000000 – 20.220000000 – 20.140000000 – 18.430000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji