AVAX/USDT – 4H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
An ascent up to the next resistance at 15.09 is considered certain.
Caution: A possible change in the direction of the support line at 12.54 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive 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 | 15.86 |
| 2nd High | 15.27 |
| Next High | 15.09 |
| Current Price | 13.680000000 |
| Next Low | 12.54 |
| 2nd Low | 8.52 |
| 3rd Low |
15.09 – 15.27 – 15.86 – 12.54 – 12.57 – 14.84 — 45.334439000384 – 48.796491506714 — 64.332233729834 – 72.233498205903 – 51.595807611174 – 62.297457901331
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –