AVAX/USDT – 1H – SELL

The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 17.550000000 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 18.640000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).

18.640000000 – 20.000000000 – 19.280000000 – 18.070000000 – 18.130000000 – 18.700000000

Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji