The currency pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 23.240000000 will persist.
Caution: A possible counter-trend in the direction of the support zone at 22.400000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 23.24 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 23.240000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 23.240000000 |
| Current Price | 22.830000000 |
| Next Low | 22.400000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.610000000 |
23.240000000 – 23.020000000 – 22.580000000 – 22.400000000 – 21.870000000 – 21.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –