Sell AVAX/USDT – 1H – SELL

The combination Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 17.640000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 18.410000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Belt Hold’ chart pattern is detected. The chart forms ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

Support & Resistance Price Range*
3rd High 20.000000000
2nd High 18.640000000
Next High 18.410000000
Current Price 17.490000000
Next Low 17.640000000
2nd Low 17.550000000
3rd Low 15.590000000

18.410000000 – 18.640000000 – 20.000000000 – 17.640000000 – 18.070000000 – 18.130000000

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