AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline down.
A descent downwards to the next support line at 40.890000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 42.860000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Bearish Harami’ candlestick chart pattern is detected. The chart forms ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 42.860000000 |
| Current Price | 42.370000000 |
| Next Low | 40.890000000 |
| 2nd Low | 38.800000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Harami