AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 35.530000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 38.140000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 41.900000000 |
| 2nd High | 39.050000000 |
| Next High | 38.140000000 |
| Current Price | 35.880000000 |
| Next Low | 35.530000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down