AVAX/USDT – 1H – SELLThe pair Avalanche/Tether (AVAX/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 36.190000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 45.050000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Falling Window’ chart pattern is detected. The candles show ‘Falling Window’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 45.050000000 |
| Current Price | 37.430000000 |
| Next Low | 36.190000000 |
| 2nd Low | 34.940000000 |
| 3rd Low | 34.870000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Falling Window