AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline down.
A bearish descent down to the next support level at 35.180000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 37.060000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Belt Hold’ chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 38.140000000 |
| 2nd High | 37.730000000 |
| Next High | 37.060000000 |
| Current Price | 35.200000000 |
| Next Low | 35.180000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 31.150000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold