AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 17.610000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 18.880000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 20.000000000 |
| 2nd High | 19.170000000 |
| Next High | 18.880000000 |
| Current Price | 17.630000000 |
| Next Low | 17.610000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.880000000 – 19.170000000 – 18.260000000 – 17.960000000 – 18.340000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –