AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 40.680000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 44.470000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Evening Star’ chart pattern is detected. The chart shows ‘Evening Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 47.930000000 |
| Next High | 44.470000000 |
| Current Price | 43.300000000 |
| Next Low | 40.680000000 |
| 2nd Low | 38.500000000 |
| 3rd Low | 38.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Evening Star