AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 14.36 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 14.93 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.86 |
| 2nd High | 15.85 |
| Next High | 14.93 |
| Current Price | 14.470000000 |
| Next Low | 14.36 |
| 2nd Low | 14.03 |
| 3rd Low |
14.93 – 14.73 – 15.85 – 14.36 – 14.03 – 14.62 — 45.415274096372 – 42.65273076177 — 49.764716588008 – 38.949642425585 – 44.604480033444 – 44.703381839168