The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at 14.05 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 13.7 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 14.05 |
| Current Price | 14.080000000 |
| Next Low | 13.7 |
| 2nd Low | 13.26 |
| 3rd Low | 13.16 |
14.05 – 13.59 – 13.44 – 13.7 – 13.78 – 13.26 — 64.945155994104 – 67.103638468878 — 90.058393803904 – 100 – 85.255768118775 – 91.087818743027
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –