The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 22.080000000 is certain.
Caution: A possible change in the direction of the support level at 17.500000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 24.350000000 |
| 2nd High | 22.660000000 |
| Next High | 22.080000000 |
| Current Price | 21.380000000 |
| Next Low | 17.500000000 |
| 2nd Low | 17.020000000 |
| 3rd Low | 15.610000000 |
22.080000000 – 21.530000000 – 19.170000000 – 17.500000000 – 17.610000000 – 17.020000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom retreat down