AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 25.030000000 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 22.190000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 25.030000000 |
| Current Price | 23.860000000 |
| Next Low | 22.190000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.610000000 |
25.030000000 – 23.240000000 – 23.020000000 – 22.190000000 – 22.400000000 – 21.870000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –