The combination Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 18.430000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 20.000000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 18.7 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 20.000000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 24.350000000 |
2nd High | 22.660000000 |
Next High | 20.000000000 |
Current Price | 18.550000000 |
Next Low | 18.430000000 |
2nd Low | 18.400000000 |
3rd Low | 17.550000000 |
20.000000000 – 19.930000000 – 19.860000000 – 18.700000000 – 19.420000000 – 18.730000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji