AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 22.400000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 24.120000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Shooting Star’ candlestick chart pattern is discovered. The candles form ‘Shooting Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 24.120000000 |
| Current Price | 23.020000000 |
| Next Low | 22.400000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 20.390000000 |
24.120000000 – 25.510000000 – 27.380000000 – 22.400000000 – 23.880000000 – 24.430000000 — 40.178667214072 – 39.870440344902
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star – –