AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 22.580000000 is expected.
Caution: A possible trend reversal in the direction of the support line at 20.390000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. this 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’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 22.580000000 |
| Current Price | 22.740000000 |
| Next Low | 20.390000000 |
| 2nd Low | 20.180000000 |
| 3rd Low | 17.690000000 |
22.580000000 – 22.080000000 – 21.080000000 – 20.390000000 – 20.990000000 – 20.180000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern