AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support level at 23.460000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 25.660000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candle pattern is found. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.990000000 |
| Next High | 25.660000000 |
| Current Price | 23.620000000 |
| Next Low | 23.460000000 |
| 2nd Low | 23.180000000 |
| 3rd Low | 22.760000000 |
25.660000000 – 25.990000000 – 25.440000000 – 23.460000000 – 23.180000000 – 23.280000000 — 44.773046703528 – 41.616690747196
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –