Also there is a ‘Double bottom chart pattern’ chart layout is discovered. The chart picture forms ‘Double bottom chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 25.440000000 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 24.750000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 25.440000000 |
| Current Price | 25.490000000 |
| Next Low | 24.750000000 |
| 2nd Low | 24.370000000 |
| 3rd Low | 22.760000000 |
25.440000000 – 24.900000000 – 24.600000000 – 24.750000000 – 24.370000000 – 22.760000000 — 58.394053637053 – 61.088324030529
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern – –