The pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 22.900000000 is likely expected.
Caution: A possible counter-trend in the direction of support at could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair could go up.
There is also a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 22.9 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 22.900000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.510000000 |
| 2nd High | 24.120000000 |
| Next High | 22.900000000 |
| Current Price | 22.870000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
22.900000000 – 22.350000000 – 22.400000000 – 21.950000000 – 21.770000000 – 21.570000000 — 57.078799593524 – 67.189959638356
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –