AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support at 33.000000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 34.030000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘On Neck’ candlestick pattern is detected. The chart forms ‘On Neck’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.110000000 |
| Next High | 34.030000000 |
| Current Price | 33.040000000 |
| Next Low | 33.000000000 |
| 2nd Low | 32.860000000 |
| 3rd Low | 29.380000000 |
34.030000000 – 34.110000000 – 35.810000000 – 33.000000000 – 32.860000000 – 33.340000000 — 37.833308172331 – 37.260937626647
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – On Neck – – –