The pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 27.380000000 is likely expected.
Caution: A possible change in the direction of the support line at 22.760000000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 25.44 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 27.380000000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish pattern signal. 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 | |
| Next High | 27.380000000 |
| Current Price | 25.920000000 |
| Next Low | 22.760000000 |
| 2nd Low | 21.950000000 |
| 3rd Low | 21.440000000 |
25.440000000 – 24.600000000 – 24.820000000 – 22.760000000 – 23.260000000 – 24.020000000 — 70.278396092405 – 70.878062679396
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Triple bottom chart pattern – –