AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 35.530000000 will continue.
Caution: A possible change in the direction of the resistance level at 38.140000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Inside Down’ candle pattern is existing. The candles form ‘Three Inside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 41.900000000 |
| 2nd High | 39.050000000 |
| Next High | 38.140000000 |
| Current Price | 35.610000000 |
| Next Low | 35.530000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Inside Down