AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 49.330000000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 51.560000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.840000000 |
| 2nd High | 53.620000000 |
| Next High | 51.560000000 |
| Current Price | 48.450000000 |
| Next Low | 49.330000000 |
| 2nd Low | 42.780000000 |
| 3rd Low | 41.320000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows