The pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 24.350000000 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 20.390000000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The 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 | 26.840000000 |
| 2nd High | 25.980000000 |
| Next High | 24.350000000 |
| Current Price | 23.870000000 |
| Next Low | 20.390000000 |
| 2nd Low | 17.500000000 |
| 3rd Low | 17.020000000 |
21.530000000 – 19.170000000 – 18.280000000 – 20.390000000 – 17.500000000 – 17.610000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Northern Doji –