The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 24.600000000 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 22.760000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. 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 | 25.510000000 |
| 2nd High | 24.820000000 |
| Next High | 24.600000000 |
| Current Price | 24.840000000 |
| Next Low | 22.760000000 |
| 2nd Low | 21.950000000 |
| 3rd Low | 21.440000000 |
24.600000000 – 24.820000000 – 23.700000000 – 22.760000000 – 23.260000000 – 24.020000000 — 60.679010611841 – 63.768926761959
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –