AVAX/USDT – 30M – SELLIn addition a ‘Double bottom retreat down’ chart pattern is discovered. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at will continue.
Caution: A possible counter-trend in the direction of resistance at 24.370000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.990000000 |
| 2nd High | 25.660000000 |
| Next High | 24.370000000 |
| Current Price | 24.080000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
24.370000000 – 24.090000000 – 25.660000000 – 23.570000000 – 23.460000000 – 23.180000000 — 54.073002544408 – 49.479363529498
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Double bottom retreat down – –