The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 23.910000000 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 22.870000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 24.315 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 23.910000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.100000000 |
| 2nd High | 24.440000000 |
| Next High | 23.910000000 |
| Current Price | 23.420000000 |
| Next Low | 22.870000000 |
| 2nd Low | 22.530000000 |
| 3rd Low | 22.190000000 |
23.910000000 – 24.440000000 – 24.200000000 – 22.870000000 – 22.530000000 – 23.150000000 — 47.772884503415 – 47.772884503415
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – –