AVAX/USDT – 30M – SELLBesides a ‘Double bottom retreat down’ chart layout is discovered. The chart forms ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish movement down to the next support level at 9.12 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 9.26 could occur.
Consider stop-loss settings accordingly.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 9.38 |
| 2nd High | 9.3 |
| Next High | 9.26 |
| Current Price | 9.250000000 |
| Next Low | 9.12 |
| 2nd Low | 8.74 |
| 3rd Low | 8.62 |
9.26 – 8.94 – 8.97 – 9.12 – 8.74 – 8.62 —
9.200000000 – 9.340000000 —
62.212542982926 – 66.300696134649 —
– —
9.26 – 1771000200
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –