The pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance level at 22.350000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 21.950000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. 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 | 22.850000000 |
| 2nd High | 22.400000000 |
| Next High | 22.350000000 |
| Current Price | 22.320000000 |
| Next Low | 21.950000000 |
| 2nd Low | 21.770000000 |
| 3rd Low | 21.570000000 |
22.350000000 – 22.400000000 – 22.310000000 – 21.950000000 – 21.770000000 – 21.570000000 — 59.088527769191 – 59.088527769191
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –