AVAX/USDT – 30M – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance level at 13.44 will persist.
Caution: A possible trend reversal in the direction of the support line at could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
In addition a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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 | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.44 |
| Current Price | 13.410000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
13.44 – 13.39 – 13.34 – 13.23 – 13.03 – 13.18 — 51.124889854634 – 60.461847738843 — 38.087896727512 – 54.34755796744 – 50.544044290961 – 47.305130735076
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern – –