AVAX/USDT – 1H – BUYThe currency pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 15.85 is certain.
Caution: A possible change in the direction of support at 13.91 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 17.69 |
| 2nd High | 15.86 |
| Next High | 15.85 |
| Current Price | 15.050000000 |
| Next Low | 13.91 |
| 2nd Low | 13.7 |
| 3rd Low | 13.26 |
15.01 – 14.38 – 14.05 – 13.91 – 13.7 – 13.26 — 66.322409372395 – 66.887966245997 — 33.333333333333 – 1.3139987798582 – 66.666666666667 – 33.771332926619
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom retreat down – –