AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 14.03 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 14.930000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 14.930000000 |
| Current Price | 14.550000000 |
| Next Low | 14.03 |
| 2nd Low | 8.52 |
| 3rd Low |
14.930000000 – 15.85 – 15.86 – 14.03 – 14.62 – 15.27 — 45.811350241002 – 44.821003614111 — 48.402966443939 – 39.001884621974 – 46.371490809408 – 42.923693206387
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – – Rising Wedge Chart Pattern – –