AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 13.99 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 15.85 |
| 2nd High | 14.93 |
| Next High | 13.99 |
| Current Price | 13.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
13.99 – 14.93 – 14.73 – 13.5 – 14.36 – 14.03 — 27.436181972576 – 22.981463469173 — 35.46233645247 – 28.252057554396 – 23.161047001215 – 29.225634549833
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –