The currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 21.220000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 20.720000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 21.220000000 |
| Current Price | 21.190000000 |
| Next Low | 20.720000000 |
| 2nd Low | 17.690000000 |
| 3rd Low | 17.500000000 |
21.220000000 – 18.590000000 – 18.880000000 – 20.720000000 – 17.690000000 – 17.500000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –