The pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 16.940000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 18.410000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 18.900000000 |
2nd High | 18.640000000 |
Next High | 18.410000000 |
Current Price | 17.530000000 |
Next Low | 16.940000000 |
2nd Low | 15.960000000 |
3rd Low | 15.590000000 |
18.410000000 – 18.190000000 – 18.100000000 – 16.940000000 – 17.820000000 – 17.640000000
Trading Signals: FOREX – AVAX – AVAX/USDT – USDT – Three Outside Down