AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 24.440000000 will continue.
Caution: A possible change in the direction of the support line at 22.870000000 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 detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.530000000 |
| 2nd High | 26.100000000 |
| Next High | 24.440000000 |
| Current Price | 23.420000000 |
| Next Low | 22.870000000 |
| 2nd Low | 22.530000000 |
| 3rd Low | 22.190000000 |
24.440000000 – 26.100000000 – 26.090000000 – 22.870000000 – 22.530000000 – 24.710000000 — 41.495163739244 – 45.800763768979
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – –