The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 9.45 will persist.
Caution: A possible change in the direction of the support level at 8.18 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 10.34 |
| 2nd High | 9.48 |
| Next High | 9.45 |
| Current Price | 9.740000000 |
| Next Low | 8.18 |
| 2nd Low | 7.55 |
| 3rd Low |
9.45 – 9.36 – 9.21 – 8.18 – 8.66 – 8.8 —
8.830000000 – 9.820000000 —
68.429561011732 – 79.085960167021 —
– —
9.45 – 1771682400
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –