The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 24.120000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 22.400000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 23.955 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 24.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 25.510000000 |
| 2nd High | 24.510000000 |
| Next High | 24.120000000 |
| Current Price | 23.390000000 |
| Next Low | 22.400000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.870000000 |
24.120000000 – 23.670000000 – 24.510000000 – 22.400000000 – 23.100000000 – 23.880000000 — 43.553752901346 – 47.532823318613
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – –