The combination Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 24.090000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 23.460000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 24.585 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 24.090000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.990000000 |
| 2nd High | 25.660000000 |
| Next High | 24.090000000 |
| Current Price | 23.980000000 |
| Next Low | 23.460000000 |
| 2nd Low | 23.180000000 |
| 3rd Low | 22.760000000 |
24.090000000 – 25.660000000 – 25.990000000 – 23.460000000 – 23.180000000 – 23.280000000 — 51.477624139994 – 54.306965114466
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double top retreat up – –