AVAX/USDT – 4H – SELLThe combination Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 18.430000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 22.660000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Shooting Star’ candlestick chart pattern is discovered. The candles show ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.980000000 |
| 2nd High | 24.350000000 |
| Next High | 22.660000000 |
| Current Price | 18.580000000 |
| Next Low | 18.430000000 |
| 2nd Low | 14.660000000 |
| 3rd Low |
22.660000000 – 21.700000000 – 24.350000000 – 18.680000000 – 18.430000000 – 19.770000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Shooting Star