The pair Avalanche/Tether (AVAX/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support line at 43.400000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 44.570000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Stick Sandwich’ candlestick pattern is detected. The candles form ‘Stick Sandwich’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Stick Sandwich’ heading up is 62% (Bull Market) & 63% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 50.840000000 |
2nd High | 45.050000000 |
Next High | 44.570000000 |
Current Price | 43.730000000 |
Next Low | 43.400000000 |
2nd Low | 42.030000000 |
3rd Low | 41.240000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Stick Sandwich