AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 22.960000000 will persist.
Caution: A possible change in the direction of the resistance line at 24.510000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Southern Doji’ candle chart pattern is discovered. The candles show ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 27.380000000 |
| 2nd High | 25.510000000 |
| Next High | 24.510000000 |
| Current Price | 23.210000000 |
| Next Low | 22.960000000 |
| 2nd Low | 22.870000000 |
| 3rd Low | 22.530000000 |
24.510000000 – 25.510000000 – 27.380000000 – 23.880000000 – 24.430000000 – 24.740000000 — 22.792988050932 – 22.606957858599
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Southern Doji – –