AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
The bearish trend down to the next support at 21.870000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 22.580000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The 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 | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 22.580000000 |
| Current Price | 22.690000000 |
| Next Low | 21.870000000 |
| 2nd Low | 21.610000000 |
| 3rd Low | 20.690000000 |
22.580000000 – 21.510000000 – 22.000000000 – 21.870000000 – 21.610000000 – 20.690000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –