The combination Avalanche/Tether (AVAX/USDT) breaks through the descending trendline up.
An ascent up to the next resistance level at 13.74 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 12.84 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.89 |
| 2nd High | 14.31 |
| Next High | 13.74 |
| Current Price | 13.700000000 |
| Next Low | 12.84 |
| 2nd Low | 12.54 |
| 3rd Low |
13.74 – 13.02 – 13.11 – 12.84 – 12.54 – 12.87 — 62.774329511963 – 64.891856544403 — 10.273712942604 – 25.928172466955 – 8.9618672546219 – 12.067295136519
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –