AVAX/USDT – 30M – BUYAdditionally a ‘Double top retreat up’ chart pattern is detected. The chart shows ‘Double top retreat up’. which is a bullish signal. The pair is likely to go up.
The combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline upwards
An ascent up to the next resistance line at 12.39 is likely expected.
Caution: A possible counter-trend in the direction of the support line at 11.97 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.86 |
| 2nd High | 12.76 |
| Next High | 12.39 |
| Current Price | 12.030000000 |
| Next Low | 11.97 |
| 2nd Low | 11.89 |
| 3rd Low | 11.84 |
12.39 – 12.76 – 12.86 – 11.97 – 12.06 – 12.63 —
12.130000000 – 12.240000000 —
38.922270991346 – 35.894512374857 —
– —
12.39000 – 1768973400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up – –