AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 22.190000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 25.030000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 25.030000000 |
| Current Price | 23.320000000 |
| Next Low | 22.190000000 |
| 2nd Low | 20.390000000 |
| 3rd Low | 20.180000000 |
25.030000000 – 23.240000000 – 22.580000000 – 22.190000000 – 20.390000000 – 20.990000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –