AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 28.220000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 30.410000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘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 | 29.340000000 |
| Next Low | 28.220000000 |
| 2nd Low | 24.900000000 |
| 3rd Low | 24.260000000 |
30.410000000 – 30.640000000 – 31.250000000 – 28.220000000 – 28.960000000 – 29.270000000 — 50.726303717763 – 49.634783318068
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –