The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 24.370000000 is certain.
Caution: A possible trend reversal in the direction of the support zone at 23.570000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.
Also there is a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.990000000 |
| 2nd High | 25.660000000 |
| Next High | 24.370000000 |
| Current Price | 24.360000000 |
| Next Low | 23.570000000 |
| 2nd Low | 23.460000000 |
| 3rd Low | 23.180000000 |
24.370000000 – 24.090000000 – 25.660000000 – 23.570000000 – 23.460000000 – 23.180000000 — 55.346185551994 – 61.432073699768
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –