The combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 14.83 is certain.
Caution: A possible trend reversal in the direction of support at 12.21 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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 | 15.27 |
| 2nd High | 15.09 |
| Next High | 14.83 |
| Current Price | 13.870000000 |
| Next Low | 12.21 |
| 2nd Low | 11.84 |
| 3rd Low | 11.26 |
13.2 – 12.62 – 12.55 – 12.21 – 12.33 – 11.84 — 42.493904347877 – 44.611051201161 — 6.3428345354928 – 11.80198577565 – 3.2319425012855 – 6.6071055984414
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –