AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 8.8 is expected.
Caution: A possible change in the direction of the resistance zone at 9.21 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.42 |
| 2nd High | 9.29 |
| Next High | 9.21 |
| Current Price | 8.830000000 |
| Next Low | 8.8 |
| 2nd Low | 8.62 |
| 3rd Low | 8.43 |
9.21 – 9.29 – 9.42 – 8.8 – 9 – 9.05 —
8.860000000 – 8.940000000 —
32.961605816454 – 41.591969227665 —
– —
9.21 – 1771401600
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Collapsing Doji Star – – –