The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 14.83 is expected.
Caution: A possible counter-trend in the direction of the support line at 12.21 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. 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 | 15.27 |
| 2nd High | 15.09 |
| Next High | 14.83 |
| Current Price | 14.450000000 |
| Next Low | 12.21 |
| 2nd Low | 11.84 |
| 3rd Low | 11.26 |
13.2 – 12.62 – 12.55 – 12.21 – 12.33 – 11.84 — 64.537976420704 – 68.145985900971 — 18.149590312475 – 38.911091057539 – 22.838304902676 – 24.770374108688
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –