The combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support level at 22.760000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 25.510000000 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 24.770000000 |
| Next Low | 22.760000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
24.900000000 – 24.600000000 – 24.050000000 – 22.760000000 – 23.540000000 – 23.260000000 — 62.402525407108 – 55.924452373522
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –