AVAX/USDT – 1H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support at 40.890000000 is considered certain.
Caution: A possible change in the direction of resistance at 42.380000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 50.860000000 |
| 2nd High | 50.840000000 |
| Next High | 42.380000000 |
| Current Price | 42.560000000 |
| Next Low | 40.890000000 |
| 2nd Low | 38.800000000 |
| 3rd Low | 34.940000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Three Black Crows