AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 26.570000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 24.900000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is found. The candles show ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 26.770000000 |
| Next High | 26.570000000 |
| Current Price | 26.170000000 |
| Next Low | 24.900000000 |
| 2nd Low | 24.260000000 |
| 3rd Low | 24.090000000 |
25.800000000 – 24.730000000 – 25.110000000 – 24.900000000 – 24.260000000 – 24.090000000 — 67.815329925898 – 70.328552909812
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –