The currency pair Avalanche/Tether (AVAX/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 6.793 is considered certain.
Caution: A possible change in the direction of the support zone at 6.445 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.
And also a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 7.858 |
| 2nd High | 6.882 |
| Next High | 6.793 |
| Current Price | 6.639000000 |
| Next Low | 6.445 |
| 2nd Low | |
| 3rd Low |
6.793 – 6.882 – 6.88 – 6.445 – 6.593 – 6.538 —
6.668000000 – 6.655000000 —
51.021309994857 – 45.371765244303 —
– —
6.793 – 1780983000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – – –