The currency pair Avalanche/Tether (AVAX/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 14.78 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 13.47 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
In addition a ‘Northern Doji’ candle chart pattern is discovered. 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 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 | 14.78 |
| Current Price | 14.770000000 |
| Next Low | 13.47 |
| 2nd Low | 13.39 |
| 3rd Low | 13.09 |
14.61 – 14 – 14.22 – 13.47 – 13.39 – 13.51 — 84.759592950588 – 86.075819287642 — 54.659788555149 – 69.053819604672 – 52.301509043796 – 56.164764026452
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –