AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 48.320000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 50.860000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Evening Star’ candlestick pattern is detected. The chart forms ‘Evening Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.620000000 |
| 2nd High | 52.050000000 |
| Next High | 50.860000000 |
| Current Price | 50.210000000 |
| Next Low | 48.320000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 42.780000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Evening Star