AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 13.03 is likely expected.
Caution: A possible change in the direction of resistance at 13.34 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.
Also there is a ‘Northern Doji’ candlestick chart pattern is existing. 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.34 |
| Current Price | 13.230000000 |
| Next Low | 13.03 |
| 2nd Low | 12.57 |
| 3rd Low |
13.34 – 13.46 – 13.99 – 13.03 – 13.18 – 12.57 — 53.584009719787 – 50.627631913715 — 97.891820262619 – 95.161345691727 – 97.891820262619 – 96.981662072322
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –