Sell AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support at 24.240000000 will persist.

Caution: A possible change in the direction of the resistance line at 25.330000000 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 26.770000000
2nd High 26.570000000
Next High 25.330000000
Current Price 24.600000000
Next Low 24.240000000
2nd Low 23.030000000
3rd Low 22.190000000

25.330000000 – 26.570000000 – 26.770000000 – 24.240000000 – 23.030000000 – 24.920000000 — 58.077230044727 – 49.911608394655

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