AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 29.380000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 35.810000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish 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’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 35.810000000 |
| Current Price | 34.090000000 |
| Next Low | 29.380000000 |
| 2nd Low | 29.170000000 |
| 3rd Low | 28.290000000 |
35.810000000 – 33.290000000 – 30.260000000 – 29.380000000 – 29.530000000 – 29.670000000 — 49.09694548787 – 43.412197020372
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold – – –