AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 24.520000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 26.530000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 26.840000000 |
| Next High | 26.530000000 |
| Current Price | 25.390000000 |
| Next Low | 24.520000000 |
| 2nd Low | 23.310000000 |
| 3rd Low | 23.010000000 |
26.530000000 – 25.550000000 – 25.230000000 – 24.520000000 – 23.310000000 – 23.010000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Bearish Belt Hold –