AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 23.860000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 24.620000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ chart pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 26.770000000 |
| 2nd High | 26.570000000 |
| Next High | 24.620000000 |
| Current Price | 24.890000000 |
| Next Low | 23.860000000 |
| 2nd Low | 23.160000000 |
| 3rd Low | 23.110000000 |
24.620000000 – 24.350000000 – 23.970000000 – 23.860000000 – 23.160000000 – 23.110000000 — 70.683787710389 – 56.170416341185
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold – – –