AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support line at 38.800000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 41.900000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Belt Hold’ candle chart pattern is found. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 41.900000000 |
| Current Price | 41.500000000 |
| Next Low | 38.800000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold