AVAX/USDT – 1H – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 20.320000000 will persist.
Caution: A possible change in the direction of the resistance level at 21.530000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Southern Doji’ candle chart pattern is existing. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 21.530000000 |
| Current Price | 20.660000000 |
| Next Low | 20.320000000 |
| 2nd Low | 17.690000000 |
| 3rd Low | 17.500000000 |
21.530000000 – 18.590000000 – 18.880000000 – 20.320000000 – 17.690000000 – 17.500000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Southern Doji –