AVAX/USDT – 1H – SELLBesides a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a bearish pattern 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 bearish trend down to the next support level at 32.580000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 33.610000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Collapsing Doji Star’ candlestick pattern is discovered. The chart shows ‘Collapsing Doji Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.030000000 |
| Next High | 33.610000000 |
| Current Price | 31.840000000 |
| Next Low | 32.580000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 28.220000000 |
33.610000000 – 34.030000000 – 35.810000000 – 32.580000000 – 32.860000000 – 33.340000000 — 48.122995467428 – 29.098491994911
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Collapsing Doji Star – Double top chart pattern – –