AVAX/USDT – 30M – SELLThe currency pair Avalanche/Tether (AVAX/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 11.62 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 11.85 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 11.575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 11.85 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 12.06 |
| 2nd High | 11.92 |
| Next High | 11.85 |
| Current Price | 11.700000000 |
| Next Low | 11.62 |
| 2nd Low | 11.23 |
| 3rd Low |
11.85 – 11.92 – 11.78 – 11.62 – 11.23 – 11.83 —
11.810000000 – 11.790000000 —
54.372620936462 – 52.693983884291 —
– —
11.85000 – 1769481000
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Outside Down – – –