The currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 24.240000000 is likely expected.
Caution: A possible change in the direction of resistance at 24.970000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive 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 | 26.570000000 |
| 2nd High | 25.330000000 |
| Next High | 24.970000000 |
| Current Price | 24.620000000 |
| Next Low | 24.240000000 |
| 2nd Low | 23.860000000 |
| 3rd Low | 23.160000000 |
24.970000000 – 25.330000000 – 24.620000000 – 24.240000000 – 23.860000000 – 23.160000000 — 59.241092109263 – 49.55452802021
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –