AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 23.260000000 will continue.
Caution: A possible change in the direction of the resistance level at 24.600000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Shooting Star’ candlestick chart pattern is detected. The chart forms ‘Shooting Star’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.510000000 |
| 2nd High | 24.820000000 |
| Next High | 24.600000000 |
| Current Price | 24.280000000 |
| Next Low | 23.260000000 |
| 2nd Low | 21.950000000 |
| 3rd Low | 21.440000000 |
24.600000000 – 24.820000000 – 23.700000000 – 23.260000000 – 24.020000000 – 21.950000000 — 56.319064119624 – 56.125965877394
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star – Double bottom chart pattern – –