AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support at 34.870000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 41.900000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 41.900000000 |
| Current Price | 41.500000000 |
| Next Low | 34.870000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Belt Hold