AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 22.700000000 is certain.
Caution: A possible change in the direction of the resistance zone at 23.220000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive 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 | 23.570000000 |
| 2nd High | 23.420000000 |
| Next High | 23.220000000 |
| Current Price | 23.000000000 |
| Next Low | 22.700000000 |
| 2nd Low | 22.360000000 |
| 3rd Low | 22.230000000 |
23.220000000 – 23.420000000 – 23.570000000 – 22.700000000 – 22.720000000 – 23.160000000 — 55.345801370518 – 49.73092696988
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –