The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance at 11.050000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 10.7 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 12.18 |
| 2nd High | 11.09 |
| Next High | 11.050000000 |
| Current Price | 10.950000000 |
| Next Low | 10.7 |
| 2nd Low | |
| 3rd Low |
11.050000000 – 11.09 – 12.18 – 10.7 – 10.8 – 11.69 —
11.050000000 – 11.010000000 —
52.575679300015 – 42.63184217418 —
11.050000000 – 1769772600 —
– 1769772600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –