Also there is a ‘Double bottom chart pattern’ chart formation is found. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 24.900000000 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 24.370000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern 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 | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 24.900000000 |
| Current Price | 24.930000000 |
| Next Low | 24.370000000 |
| 2nd Low | 22.760000000 |
| 3rd Low | 22.190000000 |
24.900000000 – 24.600000000 – 24.050000000 – 24.370000000 – 22.760000000 – 23.540000000 — 55.102726163424 – 59.980135303223
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern – –