AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 13.51 will persist.
Caution: A possible trend reversal in the direction of resistance at 14.22 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 14.78 |
| 2nd High | 14.56 |
| Next High | 14.22 |
| Current Price | 13.770000000 |
| Next Low | 13.51 |
| 2nd Low | 13.48 |
| 3rd Low | 13.09 |
14.22 – 13.99 – 13.84 – 13.51 – 13.48 – 13.68 — 56.961923896944 – 51.056092549711 — 94.630375132688 – 83.340343287468 – 98.210125044229 – 92.656906140052
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –