The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 22.860000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 24.140000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
And also a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 25.680000000 |
| 2nd High | 25.330000000 |
| Next High | 24.140000000 |
| Current Price | 22.780000000 |
| Next Low | 22.860000000 |
| 2nd Low | 22.760000000 |
| 3rd Low | 22.190000000 |
24.140000000 – 24.090000000 – 25.330000000 – 22.860000000 – 23.360000000 – 24.020000000 — 42.463334317067 – 31.523440379002
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –