AVAX/USDT – 4H – SELLThe pair Avalanche/Tether (AVAX/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support at 34.870000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 45.050000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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