AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance level at 24.620000000 will persist.
Caution: A possible change in the direction of the support level at could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.
In addition a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.780000000 |
| 2nd High | 25.110000000 |
| Next High | 24.620000000 |
| Current Price | 24.550000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
24.620000000 – 25.110000000 – 25.780000000 – 24.090000000 – 23.860000000 – 23.510000000 — 54.367307662555 – 56.965128324309
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –