AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support level at 25.220000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 26.770000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Shooting Star’ candle pattern is detected. The chart shows ‘Shooting Star’. this is a bearish pattern signal. The currency 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 | |
| 2nd High | 27.380000000 |
| Next High | 26.770000000 |
| Current Price | 26.050000000 |
| Next Low | 25.220000000 |
| 2nd Low | 24.690000000 |
| 3rd Low | 22.190000000 |
26.770000000 – 25.400000000 – 23.220000000 – 25.220000000 – 24.690000000 – 22.190000000 — 54.802107083049 – 54.802107083049
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star – – –