AVAX/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A descent down to the next support level at 26.510000000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 29.620000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.850000000 |
| 2nd High | 29.870000000 |
| Next High | 29.620000000 |
| Current Price | 28.940000000 |
| Next Low | 26.510000000 |
| 2nd Low | 22.350000000 |
| 3rd Low | 21.030000000 |