AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 22.190000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 24.560000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Southern Doji’ candlestick chart pattern is detected. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 24.560000000 |
| Current Price | 23.520000000 |
| Next Low | 22.190000000 |
| 2nd Low | 21.950000000 |
| 3rd Low | 21.770000000 |
24.560000000 – 26.570000000 – 26.300000000 – 23.980000000 – 24.920000000 – 25.220000000 — 22.64498851015 – 22.152908248806
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – – –