AVAX/USDT – 1H – BUYThe pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support at 35.530000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 38.140000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Shooting Star’ candlestick pattern is found. The chart shows ‘Shooting Star’. 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 probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 41.900000000 |
| 2nd High | 39.050000000 |
| Next High | 38.140000000 |
| Current Price | 35.150000000 |
| Next Low | 35.530000000 |
| 2nd Low | 35.520000000 |
| 3rd Low | 32.310000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Shooting Star