In addition a ‘Double bottom chart pattern’ chart pattern is found. The chart forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.
The currency pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 21.510000000 will persist.
Caution: A possible change in the direction of the support zone at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. this 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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 22.080000000 |
| 2nd High | 22.000000000 |
| Next High | 21.510000000 |
| Current Price | 21.570000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
21.510000000 – 22.000000000 – 22.080000000 – 20.690000000 – 20.390000000 – 20.990000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom chart pattern