The pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance at 22.850000000 will continue.
Caution: A possible change in the direction of the support level at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The 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 | 24.510000000 |
| 2nd High | 24.120000000 |
| Next High | 22.850000000 |
| Current Price | 22.800000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
22.850000000 – 24.120000000 – 23.670000000 – 21.580000000 – 21.630000000 – 22.400000000 — 58.636194627597 – 60.072379255884
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –