AVAX/USDT – 30M – SELLThe combination Avalanche/Tether (AVAX/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support level at 13.23 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 13.44 could occur.
Consider stop-loss settings accordingly.
Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Three Inside Down’ candlestick chart pattern is discovered. The candles show ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 13.99 |
| 2nd High | 13.46 |
| Next High | 13.44 |
| Current Price | 13.320000000 |
| Next Low | 13.23 |
| 2nd Low | 13.03 |
| 3rd Low | 12.57 |
13.44 – 13.44 – 13.39 – 13.23 – 13.03 – 13.18 — 59.488270380625 – 47.485895556842 — 81.059675982764 – 70.284778893142 – 74.562079230961 – 77.100535214206
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Inside Down – – –