The pair Avalanche/Tether (AVAX/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance at 14.53 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 13.91 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 14.86 |
| 2nd High | 14.83 |
| Next High | 14.53 |
| Current Price | 14.440000000 |
| Next Low | 13.91 |
| 2nd Low | 12.23 |
| 3rd Low | 12.21 |
14.53 – 13.86 – 12.67 – 13.91 – 12.23 – 12.21 — 56.145377963911 – 57.060455261861 — 42.139589881785 – 40.658384250573 – 53.850764543018 – 45.134192800183
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –