AVAX/USDT – 1H – SELLAdditionally a ‘Double top chart pattern’ chart pattern is found. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 32.580000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 33.610000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Collapsing Doji Star’ candle chart pattern is discovered. The chart shows ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.030000000 |
| Next High | 33.610000000 |
| Current Price | 31.840000000 |
| Next Low | 32.580000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 28.220000000 |
33.610000000 – 34.030000000 – 35.810000000 – 32.580000000 – 32.860000000 – 33.340000000 — 48.122995467428 – 29.098491994911
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Collapsing Doji Star – Double top chart pattern – –