The pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance at 24.050000000 is likely expected.
Caution: A possible counter-trend in the direction of support at is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.820000000 |
| 2nd High | 24.550000000 |
| Next High | 24.050000000 |
| Current Price | 24.020000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
24.050000000 – 24.550000000 – 24.820000000 – 23.260000000 – 24.020000000 – 23.040000000 — 53.8973519592 – 56.680591755411
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –