The combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 24.240000000 will persist.
Caution: A possible change in the direction of the resistance line at 25.330000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 | 25.330000000 |
| Current Price | 24.600000000 |
| Next Low | 24.240000000 |
| 2nd Low | 23.030000000 |
| 3rd Low | 22.190000000 |
25.330000000 – 26.570000000 – 26.770000000 – 24.240000000 – 23.030000000 – 24.920000000 — 58.077230044727 – 49.911608394655
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –