The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 25.080000000 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 24.130000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. 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 | 26.570000000 |
| 2nd High | 25.330000000 |
| Next High | 25.080000000 |
| Current Price | 25.020000000 |
| Next Low | 24.130000000 |
| 2nd Low | 23.860000000 |
| 3rd Low | 23.160000000 |
25.080000000 – 24.970000000 – 25.330000000 – 24.130000000 – 24.390000000 – 24.240000000 — 60.169533451969 – 61.724252997884
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up – –