AVAX/USDT – 1H – BUYThe combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline up.
An ascending movement up to the next resistance level at 30.410000000 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 28.250000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive 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 | 31.250000000 |
| 2nd High | 30.640000000 |
| Next High | 30.410000000 |
| Current Price | 28.840000000 |
| Next Low | 28.250000000 |
| 2nd Low | 24.900000000 |
| 3rd Low | 24.260000000 |
30.410000000 – 30.640000000 – 31.250000000 – 28.960000000 – 29.270000000 – 28.250000000 — 40.720384890996 – 42.034287338381
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –