AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A descent downwards to the next support at 38.800000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 45.050000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Harami’ candle chart pattern is existing. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 39.330000000 |
| 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 Harami