There is also a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. which is a negative signal. The currency pair is likely to go down.
The combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 24.370000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
| 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 – –