The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance at 24.620000000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 23.860000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Then a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The 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 | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 24.620000000 |
| Current Price | 24.470000000 |
| Next Low | 23.860000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
24.620000000 – 24.350000000 – 23.970000000 – 23.860000000 – 23.160000000 – 23.110000000 — 58.317749523907 – 59.423474430619
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –