AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 18.590000000 will persist.
Caution: A possible reversal of the trend in the direction of support at 17.500000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 19.170000000 |
| 2nd High | 18.880000000 |
| Next High | 18.590000000 |
| Current Price | 17.860000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
18.590000000 – 18.880000000 – 19.170000000 – 17.500000000 – 18.340000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –