AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline upwards
The bullish trend upwards to the next resistance at 20.000000000 will continue.
Caution: A possible counter-trend in the direction of the support level at 18.700000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 20.000000000 |
| Current Price | 18.690000000 |
| Next Low | 18.700000000 |
| 2nd Low | 18.680000000 |
| 3rd Low | 18.430000000 |
20.000000000 – 19.280000000 – 19.550000000 – 18.700000000 – 18.730000000 – 18.770000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji