AVAX/USDT – 30M – SELLThe pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 28.490000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 29.790000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a bullish signal. 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 30.760000000 |
| 2nd High | 29.870000000 |
| Next High | 29.790000000 |
| Current Price | 29.910000000 |
| Next Low | 28.490000000 |
| 2nd Low | 27.510000000 |
| 3rd Low | 27.100000000 |