AVAX/USDT – 30M – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 48.320000000 is certain.
Caution: A possible change in the direction of resistance at 50.860000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 48.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 50.860000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 53.620000000 |
| 2nd High | 52.050000000 |
| Next High | 50.860000000 |
| Current Price | 48.530000000 |
| Next Low | 48.320000000 |
| 2nd Low | 48.100000000 |
| 3rd Low | 42.780000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows