AVAX/USDT – 4H – SELLThe currency pair Avalanche/Tether (AVAX/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 34.870000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 45.050000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.790000000 |
| 2nd High | 55.410000000 |
| Next High | 45.050000000 |
| Current Price | 36.170000000 |
| Next Low | 34.870000000 |
| 2nd Low | 32.310000000 |
| 3rd Low | 30.590000000 |
Download AVAX/USDT Signal Image
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Two Crows