AVAX/USDT – 30M – BUYThe combination Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at is expected.
Caution: A possible reversal of the trend in the direction of the support line at 25.750000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 | |
| 2nd High | |
| Next High | |
| Current Price | 28.740000000 |
| Next Low | 25.750000000 |
| 2nd Low | 25.610000000 |
| 3rd Low | 24.900000000 |
26.360000000 – 25.800000000 – 24.690000000 – 25.750000000 – 25.610000000 – 24.900000000 — 48.238748920607 – 48.453538429293
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –