The pair Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 32.790000000 is considered certain.
Caution: A possible change in the direction of resistance at 34.030000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 35.810000000 |
| 2nd High | 34.110000000 |
| Next High | 34.030000000 |
| Current Price | 32.830000000 |
| Next Low | 32.790000000 |
| 2nd Low | 29.380000000 |
| 3rd Low | 29.170000000 |
34.030000000 – 34.110000000 – 35.810000000 – 32.790000000 – 33.000000000 – 32.860000000 — 41.150244940838 – 36.022115226141
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –