Sell AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards

A descent down to the next support level at 35.950000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 37.930000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Shooting Star’ chart pattern is discovered. The chart shows ‘Shooting Star’. 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 likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

Support & Resistance Price Range*
3rd High 39.370000000
2nd High 37.940000000
Next High 37.930000000
Current Price 36.170000000
Next Low 35.950000000
2nd Low 35.500000000
3rd Low 34.950000000

Download AVAX/USDT Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals