AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 24.690000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 25.990000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.990000000 |
| Current Price | 25.640000000 |
| Next Low | 24.690000000 |
| 2nd Low | 22.190000000 |
| 3rd Low | 21.950000000 |
25.400000000 – 23.220000000 – 23.220000000 – 24.690000000 – 22.190000000 – 22.700000000 — 61.864836607243 – 48.889915170818
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold – – –