AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 49.570000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 54.030000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Evening Star’ candle pattern is found. The chart shows ‘Evening Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 54.030000000 |
| Current Price | 52.510000000 |
| Next Low | 49.570000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Evening Star