The pair Avalanche/Tether (AVAX/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 48.320000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 50.860000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
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 trend reversal in the direction of the support line at 50.860000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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