The pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 25.990000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 22.760000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
Next a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.990000000 |
| Current Price | 23.670000000 |
| Next Low | 22.760000000 |
| 2nd Low | 21.950000000 |
| 3rd Low | 21.440000000 |
25.990000000 – 25.440000000 – 24.600000000 – 22.760000000 – 23.260000000 – 24.020000000 — 34.108700762161 – 36.891241370501
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –