AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support at 34.940000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 45.050000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Concealing Baby Swallow’ chart pattern is existing. The candles show ‘Concealing Baby Swallow’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 38.540000000 |
| Next Low | 34.940000000 |
| 2nd Low | 34.870000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Concealing Baby Swallow