The pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support level at 23.160000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 24.560000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 24.560000000 |
| Current Price | 24.170000000 |
| Next Low | 23.160000000 |
| 2nd Low | 23.110000000 |
| 3rd Low | 23.030000000 |
23.970000000 – 23.670000000 – 24.560000000 – 23.160000000 – 23.110000000 – 23.030000000 — 64.70655419049 – 59.784469027262
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –