The currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 24.550000000 is expected.
Caution: A possible change in the direction of the support level at 22.190000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 24.22288 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 24.550000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 25.030000000 |
| Next High | 24.550000000 |
| Current Price | 23.390000000 |
| Next Low | 22.190000000 |
| 2nd Low | 21.870000000 |
| 3rd Low | 21.610000000 |
24.550000000 – 25.030000000 – 23.240000000 – 22.190000000 – 22.400000000 – 21.870000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –