The combination Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 25.510000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 24.370000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.510000000 |
| Current Price | 25.300000000 |
| Next Low | 24.370000000 |
| 2nd Low | 22.760000000 |
| 3rd Low | 22.190000000 |
24.900000000 – 24.600000000 – 24.050000000 – 24.370000000 – 22.760000000 – 23.540000000 — 65.625940689616 – 68.250675759425
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Triple bottom chart pattern – –